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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GSI Takes Students on a Trip to Elahera Gem Mine
Mumbai: Gemological Science International (GSI) recently organized an insightful mine visit for students enrolled in its prestigious Colored Stone Professional (CSP) programme. The visit to the Elahera Gem Mine in Sri Lanka, a world-renowned source of high-quality sapphires, provided students with invaluable real-world experience as part of their holistic learning journey. GSI’s CSP programme is known for its blend of
Submit Scatches for Artisan Awards by 25th Oct
The 2025 Artisan Awards presents the following theme for designers to create, play & push the limits of design: Mumbai: Indian jewellery craft techniques have long been revered for their intricacy, cultural significance, and timeless beauty. In the global contemporary jewellery landscape, these techniques are being revived and reimagined by designers both in India and abroad, highlighting the versatility of
IGJA: Application Date Extended
Mumbai: The 51st India Gem & Jewellery Awards (IGJA) nominations are still open, with the last date to apply being extended now to 5th November, 2024. The IGJA is an award given by the Gem and Jewellery Export Promotion Council (GJEPC) to recognize the best gem and jewelry exporters. The awards also recognize banks and other entities that contribute to the growth
Jignesh Mehta Honored with Vyapaar Ratna Award
Mumbai: Mr. Jignesh Mehta, Founder and Managing Director of Divine Solitaires, has been honored with the esteemed Vyapaar Ratna Award 2024 – Changemaker of the Year. This prestigious recognition highlights Mr. Mehta’s remarkable contributions to the MSME sector and his visionary leadership in the diamond industry. The Vyapaar Ratna Award celebrates individuals who have demonstrated exceptional innovation, leadership, and commitment
Gemfields’ May Emeralds Auction Sets Record
Mumbai: Gemfields sold 208,990 carats of high-quality emeralds mined at its 75%-owned Kagem Mine in Zambia for total auction revenues of $35 million. The stones were sold at an average price of $167.51 per carat. It said the 48 auctions of Kagem gemstones held since July 2009 have generated just above $1 billion in total revenues. “We are very pleased
India Pavilion at JCK Las Vegas 2024
Las Vegas: The Gem & Jewellery Export Promotion Council (GJEPC) organised India Pavilion at the 2024 JCK Las Vegas trade show, continuing its presence at this key event for the 19th consecutive year. Scheduled from 31st May to 3rd June 2024, at the Sands Expo & The Venetian, this year’s event promises to be a spectacular showcase of the finest
Lab Grown Threat to Botswana Economy
Gaborone: Lab grown diamonds (LGDs) are a threat to Botswana’s economic lifeblood, says the country’s president Mokgweetsi Masisi. He was speaking to reporters on 29th May, ahead of the first phase in a $6bn project to extend the life of Jwaneng, its flagship diamond mine. “If lab grown diamonds take our space, then you and I are finished,” he said.
GJEPC Expanding Market Horizons in LAC
Mumbai: As part of their mission, the GJEPC delegation recently visited Panama to assess market needs, identify business opportunities, and network with industry associations and leading companies. The aim is to solidify India’s presence in the Latin America and Caribbean (LAC) region’s gems and jewellery sector and encourage greater participation in international trade events. During their visit, the Indian Ambassador
