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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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
Israel’s Diamond Industry Under Severe Pressure
Mumbai: Israel’s once-prominent diamond industry is facing one of the most difficult periods in its history, with veteran traders reportedly leaving the business and searching for alternative livelihoods. A recent report by Ynetnews has highlighted the depth of the crisis at the Israel Diamond Exchange in Ramat Gan, traditionally one of the world’s important diamond trading centres. According to veteran
‘Advanced Leadership Programme in Gold Entrepreneurship’
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), announced the launch of the Advanced Leadership Programme in Gold Entrepreneurship, developed jointly with SPJIMR (Bharatiya Vidya Bhavan’s S. P. Jain Institute of Management & Research). The six-month executive programme is designed to build a new generation of professionally trained leaders for India’s gold and jewellery industry, combining SPJIMR’s academic
Did Natural Diamond Ind. Misjudge LGD Threat?
The natural diamond industry is finally confronting a question it perhaps should have asked much earlier: Did it underestimate the speed, scale and nature of the laboratory-grown diamond (LGD) revolution? For years, laboratory-grown diamonds (LGDs) were treated by much of the natural diamond industry as a niche product—an inexpensive alternative with limited appeal to serious jewellery consumers. The assumption was
Expectations High for IGJS Dubai Show
IGJS Dubai will witness 600+ buyers and 150 stalls Mumbai: The Jewels of Emirates show, popularly known as the Sharjah show, was a tremendous success, which catered to the pentup demand caused due to the pandemic-related lockdowns. The success of the Sharjah show has boosted the morale of the hundred GJEPC members who exhibited at the show. They are now
Global Diamond Production Goes Down by 23%
Mumbai: Global diamond production plummeted 23% last year to 107.07 million carats as mining companies cut back output amid the Covid-19 pandemic, according to recent data published by the Kimberley Process (KP). By value, diamond production in 2020 plunged 32% to $9.23 billion compared with $13.57 billion recorded in 2019, and averaged $86.25 per carat. Last year, Botswana was the
WHP Jewellers Launches 25th Outlet in Mumbai
Mumbai: The 112-year-old retail jewellery chain Waman Hari Pethe Jewellers launches their 25th Retail Outlet in Kohinoor Square, Dadar West, Mumbai. The brand embarked on its journey in 1909 from Girgaon and has evolved as a synonym to Maharashtrian Jewellery over years and has a strong retail footprint with a presence in Maharashtra, Goa & Indore. The store opened doors on 1st July 2021 in
BIS Mitigates Industry Fears on Hallmarking
Mumbai: Post the implementation of mandatory hallmarking from 16th June 2021, the Indian jewellery industry was seeking clarity on a host of concerns with regard to the new rules of hallmarking. India’s Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem and jewellery trade, organised a webinar on 28th June, with the authority and keynote speaker
