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
‘INDRA’ Launched to Promote Natural Diamonds
Mumbai: De Beers Group, the world’s leading diamond company, and the Gem & Jewellery Export Promotion Council (GJEPC), India’s apex jewellery trade body, yesterday announced the commencement of a strategic collaboration to strengthen the natural diamond narrative within the Indian gem and jewellery trade. The collaboration titled, INDRA – Indian Natural Diamond Retailer Alliance, will focus on supporting independent retailers in India
CIBJO Seminars at Vicenzaoro
Milan: CIBJO’s long-running Jewellery Industry Voices webinar and seminar series will kick off its sixth season in typical fashion, at the VICENZAORO show in Vicenza, Italy. As was the case last year, seven hybrid seminars will take place – in person at the Fiera di Vicenza exposition centre, and simultaneously live streamed. They will be held over two days, on Saturday,
Kumar Mangalam Birla Graces IIJS Signature 2025
Mumbai: Industry luminary Mr. Kumar Mangalam Birla, Chairman of the Aditya Birla Group, visited IIJS Signature on 6th January 2025. During his visit, Mr. Birla was briefed by Mr. Nirav Bhansali, Convener of National Exhibitions, GJEPC and Mr. Sabyasachi Ray, Executive Director, GJEPC, about the Council’s key initiatives and activities aimed at driving growth and development of the Indian jewellery
DHL Signs MoU with GJEPC
Mumbai: DHL Express, the world’s leading international express services provider, has signed a Memorandum of Understanding (MoU) with the Gems and Jewellery Export Promotion Council (GJEPC) to ship India-crafted jewellery via courier mode, leveraging DHL’s time-definite international (TDI) delivery service. As the first international logistics provider to sign an MoU with GJEPC, DHL will support local jewellery and gem makers
Swarovski to Stage Landmark Exhibition
Shanghai: Swarovski is to unveil a major brand exhibition in Shanghai this September celebrating almost 130 years of its storied heritage as Masters of Light across the worlds of fashion, jewelry, and pop culture. Entitled Swarovski – Masters of Light from Vienna to Shanghai, the exhibition will explore the crystal Maison’s artistry and savoir-faire as well as its unique impact on
CIBJO Publishes Diamond Commission Report
Milan: With fewer than seven weeks to go to the opening of the 2023 CIBJO Congress in Jaipur, India, on October 3, 2023, the fourth of the pre-congress Special Reports has been released. Prepared by the CIBJO Diamond Commission, headed by Udi Sheintal, the report looks at how changes in industry standards and nomenclature are affected by developing geopolitical situations,
Zimbabwe Stockpiles 300,000 Cts. of Diamonds
Harare: The Reserve Bank of Zimbabwe (RBZ) has stockpiled 300,000 carats of diamonds under new regulations which compel miners to pay half of their royalties using commodities, the state-run Sunday Mail reported. Central bank governor John Mangudya also told the Harare-based newspaper that gold reserves stood at around 350 kilograms, or around $20 million in US dollars. The value of
Lucara Finds 4th +1,000-ct Diamond at Karowe
Toronto: Lucara recently announced the recovery of a 1,080.1 carat diamond. It’s the fourth +1,000-ct stone from Karowe, in Botswana, since the mine opened in 2012. The Type IIa top white gem quality diamond measures 82.2m x 42.8m x 34.2mm and was recovered from direct milling of ore sourced from the mine’s South Lobe. In November 2015, a 1,109-carat stone
