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
GJEPC Organizes INNOVNXT 40 UNDER 40
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized INNOVNXT 40 UNDER 40 SESSION on 25th June. It is an initiative by GJEPC to recognize and celebrate 40 young innovators in the jewelry industry, under the age of 40, who are driving growth through new-age marketing techniques and adaptability. The program aims to foster industry growth by equipping the
WFDB Praises Luanda Accord to Support Natural Diamonds
Antwerp: The World Federation of Diamond Bourses expressed full support for the Luanda Accord, the agreement reached last week among major diamond-producing countries and trading centers to fund the promotion of natural diamonds, in a meeting in Luanda, Angola. All the signing parties have agreed to contribute 1% of the annual revenue they generate from rough diamonds to the Natural Diamond
GIA Appoints Pritesh Patel as President & CEO
Mumbai: The Board of Governors of the Gemological Institute of America, Inc. (GIA) has named Pritesh Patel, currently GIA’s Chief Operating Officer, as the Institute’s President and Chief Executive Officer, effective August 4, 2025, according to a press release. Mr. Patel succeeds Susan M. Jacques, GIA’s President and CEO since 2014, who will continue at GIA as a strategic advisor
Stage is Set for Platinum BSM in Kochi
Mumbai: All roads now lead to the Platinum Guild International (PGI) – India’s 8th annual flagship event, the Platinum Buyer-Seller Meet (BSM). Scheduled to take place on June26th and 27th, 2025, in Kochi, this marquee industry event will bring together leading retail and manufacturing partners across India’s platinum jewellery industry to showcase innovation, foster strategic partnerships, and drive category growth in a dynamic
India Prepares for SNZ at BDB
Mumbai: A number of senior government officials led by Member (Customs), CBEC, Shri A.K. Kaushal visited the Bharat Diamond Bourse on May 30 and interacted with members of the industry from the GJEPC and BDB. Former Chief Commissioner of Customs Zone – I, Shri A.K. Kaushal was visiting the bourse for the first time. Shri Kaushal was accompanied by Shri
India Govt. Gets 'Global Empowerment Salute'
Las Vegas: India’s Minister for Home Affairs Mr. Rajnath Singh received the Diamond Empowerment Fund’s highest recognition, the 2015 Global Empowerment Salute which was conferred on Hon’ble Prime Minister Mr. Narendra Modi and the government of India at the DEF Gala held in Las Vegas. The honour was conferred on Mr. Modi and the government for India’s global leadership and
GIA Close to Solving Mystery Color Treatment
New York: The Gemological Institute of America is close to figuring out the mystery treatment that may have temporarily improved the color of some 500 diamonds, GIA president and CEO Susan Jacques said at the annual Rapaport conference on grading standards on May 31. “We know what is being done, but we don’t know how it is being done,” added
SDB Booking to Start from June
Surat: Diamantiares from Surat and Mumbai are set to make a beeline for Surat diamond bourse (SDB) as the core committee has decided to open booking for office spaces in the bourse from the first week of June. They will be booking space for a token amount of Rs 600 per square feet, according to a report published in The
