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
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
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
KP: Dispute over Conflict Diamond Continues
Dubai: In his opening comments to the KP Intersessional 2016, at Atlantis, Palm Jumeirah, Ahmad Bin Sulayem said the UAE had agreed to all conditions set by the World Diamond Council, acting as moderators between the CSC and the UAE, but that had not satisfied “self-appointed leader” of the CSC, Alan Martin, as per a report in gulfnews.com. Pointing out
EXCLUSIVE: Listen to the Voices of our Industry’s Under-Represented Majority
Panama: Ms. Ali Pastorini, Senior Vice President of Panama Diamond Exchange and Vice Prsident of World Jewellery Hub, expresses her thought on the recently concluded 37th World Diamond Congress in Dubai. Having recently returned from Dubai, where it was my privilege to represent the Panama Diamond Exchange (PDE) at the 37th World Diamond Congress, I have had time to reflect
Ronnie VanderLinden is New IDMA President
Dubai: The International Diamond Manufacturers Association (IDMA), the representative body of the world’s diamond manufacturers, concluded its meetings at the 37th World Diamond Congress in Dubai, UAE, on May 19 with the election of a new President and Executive Board. Ronnie VanderLinden is the new President, while Philippe Roolant is Vice President. Kim Lanny is the new Secretary General and
De Beers 4th Sight Valued at $630 Million
Gaborone: The De Beers Group of Companies announced that the provisional value of its fourth rough diamond sale (Global Sightholder Sales and Auction Sales) was $630 million. “As normal seasonal trends return to the market, we are encouraged by the continued stability of demand for rough diamonds shown in the fourth cycle sales of 2016,” said De Beers Group chief
