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
‘JOSH’ Holds Convocation Ceremony
Mumbai: The Jewellery Occupational Skilling Hub (JOSH), the first-ever industry-funded, state-of-the-art training centre of the Gem & Jewellery Skill Council of India (GJSCI), held its convocation ceremony at Bharat Ratnam Mega CFC SEEPZ, Mumbai on 12th February. The event celebrated the graduation of 136 candidates, comprising the ninth batch of regular trainees and the second and third batches of Specially Abled
Mehul Shah Elected Chairman of GII
Mumbai: The Gemmological Institute of India (GII), incorporated in 1971, has a long history of serving the diamonds, Gems & Jewelry sector by providing laboratory services, diamond detection, certification, research and education and onsite testing. GII has its own diamond detection machine Q CHECK. GII is also a pioneer in terms of certifying color gemstones. GII is a joint initiative of
Gold Prices on Down Trajectory
Mumbai: The price of gold continued its downward trajectory for the third consecutive day in India, reflecting a mix of domestic and global market influences. The decline in gold prices is evident across major markets. In Delhi, 10 grams of 24-carat gold is priced at Rs 76,963, a sharp drop from Rs 78,003 recorded yesterday. In Chennai, the price stands
Platinum Love Bands Launches ‘SeaItwithPlatinum’
Mumbai: The month of love calls for a celebration that is as rare and meaningful as the bond it honours. This Valentine’s Day, Platinum Love Bands by PGI India unveils its ‘SealItWithPlatinum‘ campaign, capturing the essence of love that is rare, precious, and everlasting—just like platinum. The campaign beautifully captures the journey of modern relationships—where love is a choice made every day, built on
IDE to Hold Special Sales Event in NY with DDC
Ramat Gan: The Israel Diamond Exchange (IDE) has announced that it will hold a special sales event in New York, in collaboration with the New York Diamond Dealers Club, under the headline STAND WITH ISRAEL. The event will be held from November 27 – 30, 2023, on the new trading floor of the DDC. Due to the war with Gaza, the Israeli
Exclusive Ukrainian Jewellery at GemGenève
Geneva: For the fourth time in a row, the Strong & Precious Art Foundation (S&P) showcases emerging Ukrainian jewelry brands at GemGenève, a small but prestigious biennial gemstone and high-end jewelry exhibition held in Geneva, Switzerland. At GemGenève’s upcoming edition, of November 2 -5, 2023, S&P’s lineup includes jewelry brands Nomis, Drutis Jewellery, Yuval Studios, Inesa Kovalova, and Zhernov Artifactory, all of which participated in previous editions of
India’s Gold Demand in Q3 2023 up by 10%
Mumbai: The World Gold Council’s (WGC) Q3 Gold Demand Trends report reveals that support for the asset continues as central bank buying maintains a historic pace, bringing quarterly gold demand (excluding OTC) to 1,147t, 8% ahead of its five-year average. According to the WGC’s data series, central banks saw the third strongest quarter of net buying, reaching 337t. Although shy
Facets Diamond Conference Concluded
Gaborone: The government of Botswana and the Antwerp World Diamond Centre yesterday concluded the co-organised, two-day diamond conference, FACETS 2023, Motswedi Wa Khumo – Diamonds For Change, in the country’s capital, Gaborone. The conference, inaugurated by Botswana President Masisi, welcomed a host of delegates and industry stakeholders from across the globe, gathering to discuss the state of the diamond industry
