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
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
Fed Hike Positive for Bonds and Rupee: Ind-Ra
Mumbai: The US Federal Reserve’s decision to formally mark the end of its Unconventional Monetary Policy is a welcome sign of normalization, which will augur well for domestic financial markets, India Ratings and Research believes. Specifically, the rates and currency market will stand to gain in the near term; the 10Y benchmark G-sec yield likely to soften around the 7.70%
Yoram Dvash Elected as President of the IDE
Ramat Gan: Mr. Yoram Dvash was elected as the new President of the Israel Diamond Exchange (IDE) today, December 16, 2015, replacing incumbent President Shmuel Schnitzer, who served a single two-year term. In the elections of the IDE presidency and board of directors, Dvash won with 1080 votes, against his single opponent, Arnon Juwal, who drew 761 votes. A first
GemAtlas Holds Webinar by Deepak Tulsian
Mumbai: On December 10, www.gematlas.com – B2B portal for the gems and jewellery industry, held a Webinar – ‘Enabling Indian Jewellery Entrepreneurs to Sell Globally on eBay’, which was presented by Deepak Tulsian – Head of the jewellery category, eBay India. eBay is one of the largest online marketplaces globally. Gems and jewellery manufacturers, traders and exporters have seen their
DDES Concluded on an Optimistic Note
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) in association with Bharat Diamond Bourse (BDB) successfully concluded The Diamond Detection Expo and Symposium (DDES) on 16th December. DDES, an initiative by GJEPC was organized with an objective to impart knowledge on synthetic diamonds, its detection using various technologies available. The 2 day event included display of latest equipment/machinery and
