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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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,
BSM Brazil 2027 Returns to São Paulo with Expanded International Presence
São Paulo, Brazil: Following the remarkable success of its previous editions, Buyer Seller Meeting (BSM Brazil) will return to São Paulo in April 2027, further strengthening its position as Latin America’s premier international B2B event for the diamond, gemstone, jewelry and precious metals industries. Organized with the mission of connecting qualified buyers and leading international suppliers, BSM Brazil 2027 will welcome an even larger number
PGI Achieves 24% Sales Growth in India
Mumbai: Platinum Guild International (PGI) today announced the result of its third annual Retail Barometer. This research is conducted by a 3rd party agency, StratWon Business Consulting. The Retail Barometer gives a unique view of platinum demand from the retail sales perspective and trade sentiment for the forthcoming year. The research survey covered over 21 retail companies, with approximately 310
2% Increase in De Beers' Diamond Prices
Gaborone: De Beers put up prices of its rough stones for the first time in more than a year as it detects rising demand for its goods. The miner raised prices by up to 2% at its latest sight taking place this week, according to three people familiar with the process cited by Bloomberg Business. The value of the sale
GJEPC Meets India’s Commerce Minister
New Delhi: A meeting was held under the chairmanship of Smt. Nirmala Sitharaman, Hon’ble Minister of State (Independent Charge) for Commerce & Industry on 5th April, 2016 to address the current challenges faced by various export industries. The meeting was attended by representatives of the various Export Promotion Councils and related associations who made representations on the support expected from
Israel to Hold 3rd IRDW from 22nd May
Ramat Gan: Israel stands to boost its international status as a rough diamond trading center with the third International Rough Diamond Week (IRDW) to be held May 22 – 26, 2016. The Israel Diamond Exchange (IDE) expects this event to attract a record number of international buyers as well as hundreds of Israeli diamond manufacturers. The rough diamond week will
