We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
Top News
Indias Silver Jewellery Exports Double
Mumbai: A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India, reports Mineweb. Indias silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gem
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
China Sets up $16b Gold Investment Fund
Beijing: China has set up a $16-billion gold investment fund aimed at developing trade and transportation infrastructure between China and the rest of Asia, a recent report said. The fund is part of the country’s “Silk Road” initiative, China Central Television reported. Shandong Gold Group and Shaanxi Gold Group – two of China’s top gold producers – will take up
IGI Certifies 'Largest Colourless Grown Diamond’
Hong Kong: The International Gemological Institute (IGI) Hong Kong recently certified what it believes is the world’s largest HPHT-grown colourless diamond, the company said in a press release. The 10.02-carat square emerald-cut stone was fashioned from a record-breaking 32.26-carat piece of man-made rough, grown by St. Petersburg-headquartered New Diamond Technology LLC, in less than 300 hours. The laboratory certified the
Gem-A offer BSc degree top-up course
London: The Gemmological Association of Great Britain (Gem-A) is offering students who’ve previously studied the Association’s Gemmology and Diamond Diploma courses the chance to turn their diplomas into a BSc Honours degree in Gemmology and Jewellery Studies with Birmingham City University. Initially announced in the Gem-A Prospectus in 2014 and since verified by a validation panel, the top-up degree will
Gold Smuggling in India Increased 900%
New Delhi: For the first time in the history of gold smuggling in India, the seizure in illicit trade has crossed Rs 1,000 crore mark in one financial year with customs, police and revenue agencies seizing more than 3,500 kg of gold in 2014-15. In 2012-13, the same figure stood at merely Rs 100 crore with just about 350 kg
