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
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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
JCK Show to Move Back to The Venetian in 2019
Las Vegas: The JCK and Luxury shows in Las Vegas will return to the Sands Expo and Convention Center in 2019, the event organizers said. The shows were until 2010 located at the Sands, which is part of The Venetian and The Palazzo resorts, but were moved to the Manadalay Bay hotel complex. Reed Jewelry Group, which runs the JCK
New De Beers Chief Calls for Trade Collaboration
Gaborone: Bruce Cleaver, the new chief executive officer of De Beers, underlined the importance of partnerships in tackling the diamond sector’s challenges in his first public statement since taking over. The industry’s ability to collaborate is one of the reasons it has been so resilient, said Cleaver who replaced the outgoing CEO Philippe Mellier from July 1. “Partnerships have secured
IDWI from 13th Feb, 2017 with New Format
Ramat Gan: The Israel Diamond Exchange (IDE) announced that the next International Diamond Week in Israel (IDWI) would be held on February 13 – 16, 2017. The event, which has been held in Israel for the past five years, has become an essential feature on the calendar of professional diamond dealers globally. The next IDWI will be held in a
Antwerp’s Diamond Trade Slightly up in H1
Antwerp: From January to June, 111.1 million carats of rough and polished diamonds were traded on the Antwerp diamond market, as compared to 102.8 million carats in the first half of 2015. The trade figures for polished diamonds remained stable but were lower than last year. The rough trade increased as compared to 2015. During the first six months this
