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Israel’s Diamond Industry Under Severe Pressure
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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
Augmont Gets 4 Prestigious Awards
Mumbai: Augmont Enterprises Pvt. Ltd. and Augmont Goldtech Pvt. Ltd. have been recognized for their prominent contributions to the bullion and digital gold industry at the 10th India International Bullion Summit (IIBS), hosted by the India Bullion and Jewellers Association (IBJA). The group secured honors across four key categories, reaffirming its leadership and commitment to innovation, transparency, and proficiency in the sector.
CIBJO Recommends New Definition of ‘Recycled Gold’
Milan: The World Jewellery Confederation (CIBJO) is recommending a new definition of “recycled gold״ to be used in the jewellery and watch sectors, so as to provide greater clarity and consistency both within the industry and marketplace. CIBJO will henceforth include the definition in the guidance documents it produces. The definition, which covers recycled materials recovered during manufacturing and fabrication
SEZ Conclave Stresses Ways to Boost G&J Exports
Mumbai : India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully hosted the 2nd SEZ Gem & Jewellery Conclave 2025 at Bharat Ratnam Mega CFC, SEEPZ, reinforcing its commitment to advancing Technology, Branding, and Investment in India’s gem and jewellery sector. Held under the theme ‘SEZ: The Future of Indian Exports,’ the conclave brought together industry leaders and experts to explore strategies for boosting
G7 Postpones Diamond Traceability Requirement
Mumbai: The Group of Seven (G7) nations have postponed the enforcement of stringent traceability requirements for polished diamond imports, moving the deadline from March 2025 to January 1, 2026. This delay provides significant relief to India’s diamond cutting and polishing industry, which faced challenges in complying with the new regulations within the original timeframe. The G7 countries—comprising the US, UK,
Putin’s Visit Boosts India's Diamond Business
New Delhi: Recent visit of the President of Russian Federation Mr. Vladimir Putin to New Delhi has certainly boosted Indo-Russian ties in diamond sector. Mr. Putin along with Mr. Narendra Modi, Hon’ble Prime Minister of India visited Vigyan Bhavan today, the venue of on-going World Diamond Conference in in New Delhi to enhance the morals of the delegates. Mr. Narendra
Alrosa Signs Contract with 12 Indian Cos
New Delhi: On the first day of the World Diamond Conference India, Russia’s Alrosa finalized three year-contracts for direct rough supply to 12 Indian diamond companies beginning from 2015. The agreements were signed by Illya Raschin, Acting President of Alrosa with the respective heads of each of the companies in the presence of Shri Siddharth, Joint Secretary, Dept. of Commerce,
World Diamond Conference Begins in New Delhi
New Delhi: The much awaited event ‘World Diamond Conference-India’ (WDCI) began today in New Delhi. The Gem & Jewellery Export Promotion Council (GJEPC), in association with the World Diamond Mark Foundation (WDMF) and with the support from the Ministry of Commerce and Industry, Government of India, has organized the first ever-global congregation of diamond industry leaders in India. Mr. Vipul
WDCI Proceedings Can be Viewed across the World
New Delhi: Industry members from across the world have the opportunity to follow the entire proceedings of the World Diamond Conference India(WDCI) as they unfold in Delhi on December 11-12, 2014. The organisers have made arrangements for live streaming of every session on the website of The Gem & Jewellery Export Promotion Council at www.gjepc.org. “This is a first-of-its-kind event
