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
GSI Issues India’s First Pigeon Blood Reports
Jaipur: Gemological Science International (GSI), one of the world’s largest gemological organizations, has begun issuing colored stone reports carrying recognized color trade names — Pigeon Blood for ruby, Royal Blue and Padparadscha for sapphire — in Jaipur and Mumbai. It is the first time such reports have been issued in India. The designations are granted only to untreated stones. Heated, diffused or otherwise enhanced material is
Sky Gold Enters MSCI India Domestic Small Cap Index
Mumbai: Sky Gold & Diamonds Ltd, one of India’s fast-growing jewellery manufacturers, has been added to the MSCI India Domestic Small Cap Index, as part of the latest index review announced by MSCI. The inclusion marks an important milestone for Sky Gold, reflecting the company’s growing presence and relevance within India’s listed small-cap universe. A key development during the current quarter
CIBJO Pays Tribute to Vasant Mehta
Milan: The World Jewellery Confederation (CIBJO) mourns the passing of Vasant Mehta, a prominent leader of the Indian diamond and jewellery industry, who passed away yesterday at the age 81. A former chairman of the Gem & Jewellery Export Promotion Council (GJEPC), a position he filled from 2008 to 2010 after two terms as vice chairman, he represented the Indian
Vasant Mehta, Illustrious Leader of G&J Industry Dies
Mumbai: The Indian gem and jewellery industry has lost one of its most respected statesmen. Vasant Mehta, former Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), passed away today, leaving behind a remarkable legacy built over several decades of dedicated service to the industry. A second-generation diamantaire, Mehta graduated from Calcutta University and moved to Mumbai in 1966,
Gold Demand at Record Levels in Q1 2016
Mumbai: Global gold demand reached 1,290 tons (t) in the first quarter of 2016, a 21% increase compared to the same period last year, making it the second largest quarter on record, according to the World Gold Council’s (WGC) Gold Demand Trends report. This increase was driven by huge inflows into exchange traded funds (ETFs), fueled by investor concerns regarding
PNG Jewellers adopts 9 students as a part of CSR
Pune: As a part of their newly induced Corporate Social Responsibility (CRS) strategy, PNG Jewellers has adopted 9 students of Eklavya Bal Shikshan & Arogya Nyasa on the felicitous occasion of Mr. Saurabh Gadgil’s birthday (Chairman and Managing Director PNG Jewellers). PNG Jewellers has been emphasizing on an effective CRS plan and aiding 9 students from a Pune-based organization with
HRD Antwerp Certified against 2013 COP
Antwerp: RJC announces HRD Antwerp NV has achieved Certification against the 2013 Code of Practices (COP) at its facilities in Antwerp, Mumbai and Istanbul. “It is a pleasure to announce HRD Antwerp NV has been certified against the 2013 COP. The new provisions under the 2013 COP address important issues for our Members and their supply chain. We are delighted
Lucara Sells 813ct. Rough Diamond for Record Price
Gaborone: Lucara Diamond Corp. broke a world record for the sale of a rough diamond as an 812.77-carat stone from its Karowe mine in Botswana fetched $63.1 million. Dubai-based Nemesis International DMCC paid $77,649 per carat for the rights to 90 percent of stone, named ‘The Constellation.’ Lucara will retain a 10-percent interest in the net profit received from the
