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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
Jemora Gemhouse Expands Viewing to New York
Dubai: Following the overwhelming response to the launch of Jemora Gemhouse, it has announced an additional viewing opportunity for its inaugural auction in New York, scheduled for March 24-26, 2025. This follows the initial viewing on March 17-19, 2025, at the DMCC’s Almas Tower, Dubai, UAE. The auction results will be announced on March 27, 2025. An exceptional selection of high-value,
India-Thailand Ink MoUs to Boost G&J Trade
Bangkok: A high-level delegation of 18 members from the Gem and Jewellery Export Promotion Council (GJEPC), Jewellers Association Jaipur, and Sitapura Gems and Jewellery Industry Association visited Thailand from 22nd to 24th February 2025 to explore collaborative opportunities in the sector, reflecting a unified effort to strengthen trade ties between India and Thailand. The most significant highlight of the delegation
Momentum is Gearing up for IIJS Tritiya
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is gearing up for the upcoming IIJS Tritiya 2025, scheduled to take place from 21-24 March 2025, at the Bengaluru International Exhibition Centre (BIEC). The excitement surrounding the event is palpable, with stall allotment currently underway at the Bharat Ratnam Mega CFC, in Seepz, Mumbai. The IIJS Tritiya 2025 edition, now
AWDC Welcomes Postponement of Mandatory Traceability
Antwerp: Antwerp World Diamond Centre (AWDC), the industry organization representing the interests of Belgian diamond companies, has welcomed the provisions of the 16th sanctions package against Russia, announced recently by the G7. AWDC considers the postponement of the deadline for the mandatory implementation of a traceability mechanism for diamonds to January 1, 2026, an important signal, as it grants diamond
Tritiya Set to Do Business of Rs. 20000 Crore: Nirav Bhansali
Mumbai: IIJS Tritiya, the third exhibition under the IIJS banner, will make its debut at the Bangalore International Exhibition Centre (BIEC) in Bengaluru from 17th to 20th March 2023 – a month prior to Akshaya Tritiya, the auspicious gold jewellery-buying festival. Southern India is an under-explored jewellery market for B2B manufacturers. So when GJEPC organized IIJS Premiere show in Bangalore,
DMCC to Host First Ever LGD Symposium in July
Dubai: DMCC will host the inaugural Lab-Grown Diamond (LGD) Symposium in Dubai. Set to take place on 10th July 2023, the symposium is seen as a timely and world-first opportunity to benchmark this nascent technology-driven industry’s unique challenges and remove barriers to growth. DMCC will convene global leaders in the lab-grown and technology space, including industry, retailers, financial institutions, governmental
India’s G&J Exports Make Strong Recovery in Feb
Mumbai: India’s gem and jewellery (G&J) exports witnessed a resurgence in February, buoyed by the swift recovery of both the Chinese and Middle East markets. In February 2023, the overall gem & jewellery exports witnessed a surge of 24% to ₹28832.86 crores as compared to ₹23326.80 crores for the same period last year. In February 2023, the overall gross export
Platinum Market Likely to be in Deficit: WPIC
London: After two years of significant surpluses, the platinum market is forecast to move to a material deficit in 2023, according to a report from the World Platinum Investment Council (WPIC). The change from the 776 koz surplus in 2022 to the forecast deficit of 556 koz in 2023 is over 1.3 Moz. This reflects total supply remaining close to
