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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7th GJS Concluded Successfully
Mumbai: The All India Gem and Jewellery Domestic Council (GJC) proudly concluded the 7th edition of its flagship event, the India Gem and Jewellery Show (GJS), held from 4th to 7th April, 2025 at the prestigious Jio World Convention Centre, Mumbai. Branded as #HamaraApnaShow, GJS April 2025 which brought together industry leaders, renowned jewellers, and stakeholders from across the globe to celebrate
Trump Pauses Tariff for 90 Days
Washington: The US President Donald Trump on yesterday announced a 90-day pause in reciprocal tariffs for trading partner countries that have not retaliated with higher levies on American goods — such as India — and further hiked the levy on China to 125% for hitting back. India has not retaliated to the 26% levy by Trump and has engaged the
AWDC Welcomes European Decision not to Impose Import Tariffs
Antwerp: The Antwerp World Diamond Centre (AWDC), the industry organization representing all Belgian diamond companies, has expressed relief and satisfaction following the European Council’s decision not to impose import tariffs on polished diamonds originating from the United States, as part of its package of countermeasures in response to the U.S. tariffs imposed by President Trump. European import tariffs could have
India Targets 500 Hallmarking Districts this Year
Mumbai: The Indian gems and jewellery industry witnessed a momentous occasion as Mr. Pralhad Joshi, Union Minister of Consumer Affairs, Food & Public Distribution, and Minister of New & Renewable Energy, graced the prestigious India Gem & Jewellery Show (GJS) at Jio World Convention Centre, Mumbai. The event also marked the 25th anniversary of hallmarking of gold in India, a
Development Plans for WJH Announced
Panama: Eli Izhakoff, Chairman of World Jewelry Hub (WJH), shared his views on the development of Latin America’s first specialized jewelry trading center. Situated in Panama, WJH represents much more than just another business or property development. According to Izhakoff, WJH is a $200 million mega-project that is aimed at elevating Latin America to the status of the world’s next
Global Gold Market Remains Steady in Q1 2015
London: The first three months of 2015 saw stable gold demand, according to the latest Gold Demands Trends report from the World Gold Council (WGC). Total demand for Q1 2015 was 1,079 tonnes (t), down just 1% on the same period last year. Conditions differed from market to market, but at an aggregate level, these differences broadly balanced each other
Zimbabwe’s Diamond Exports Fell 34% in 2014
Harare: Diamond exports fell by 34 percent to 5.9 million carats last year from the eastern Marange region after a slump in production, a junior government minister said. Zimbabwe is one of the world’s top diamond-producing countries, and is believed to hold 25 percent of the world’s reserves of opencast extractable diamonds, with Marange fields its major diamond source. The
De Beers May Sight Estimated at $470M
Gaborone: The De Beers May sight closed with an estimated value of $470 million as the mining company reduced its rough diamond prices by an average of 3 percent. Sightholders noted that prices for many boxes fell by even more as the quality of the assortments declined in many categories. Sightholders said that rough prices are close to the bottom
