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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Israel-Iran War: Impact on India’s G&J Industry
Mumbai (By Suresh Chotai): The escalating tensions between Iran and Israel could have several direct and indirect impacts on India’s Gem & Jewellery (G&J) industry, which is one of the largest in the world, particularly focused in Surat. Here’s a look at potential effects: The ongoing conflict is likely to benefit India’s exports of cut and polished diamonds due to
Rio Tinto Launches 2024 Beyond Rare Tender
London: Rio Tinto has launched its 2024 Beyond Rare™ Tender, the second in its Art Series offering, showcasing 48 lots of extraordinarily rare masterpieces of nature from its diamonds business. Titled Colour Awakened, this collection is headlined by seven “Old Masters”, notable historic diamonds from the Argyle Diamond Mine that operated from 1983 to 2020. The Old Masters comprise seven
Gemfields Partners with Guild for Aurora Awards
Mumbai: On 25 September, responsible miner and marketer of coloured gemstones, Gemfields partnered with Guild – the first international gemmological institute in China – to host the gala ceremony of the third Aurora Awards International Gem and Jewelry Competition. Held at the IBC International Business Centre in Shenzhen, China, the event brought together elite representatives from across the global jewellery
PNG Jewellers to Unveil 9 Stores in 9 Days this Navratri!
Mumbai: In a momentous celebration of tradition, culture, and expansion, PNG Jewellers, a 192-year-old legacy brand synonym with trust, purity, commitment, and Maharashtrian tradition is set to launch nine new stores across Maharashtra this Navratri. Boasting sizes ranging from 2500 to 6500 sq. ft., each store will offer an extensive array of jewellery, comprising rings, earrings, exquisite bracelets, and bridal
300 Israeli Exhibitors at Int'l Diamond Week
Ramat Gan: Around 300 members of the Israel Diamond Exchange will be exhibiting their diamond stocks on the trading floor of the Israel Diamond Exchange (IDE) at the International Diamond Week (IDW) in February. They will be joined on the IDE trading by members of the Diamond Dealers Club of New York, the Antwerp Diamond Bourse (Beurs voor Diamanthandel). The
Gem-A Offers New Coloured Stones Grading Course
London: The Gemmological Association of Great Britain (Gem-A) has announced the official introduction of its brand new Coloured Stones Grading Course as launched at their annual Conference from 1 -4 November 2014, at the Business Design Centre, Islington. The new course, run in association with colour communication and gem grading specialists, Gemewizard, is designed to provide jewellers, gemmologists and enthusiasts
India may Announce Budget Sops
Mumbai: India’s gems and jewellery sector, one of the focus areas of the government’s ambitious ‘Make in India’ programme, may get incentives in the Union Budget next month. The sector contributes significantly to growth in the country’s overall exports and has been identified by the government as one of the 25 focus segments for ‘Make in India’ campaign. Commerce and
DDE to Host Second Diamond Conference
Dubai: The Dubai Diamond Exchange (DDE) has announced that it will host the second Dubai Diamond Conference. The agenda will include panel discussions on business development in Africa, ethics, finance and synthetic diamonds. The two-day event will include speakers from Africa, the Middle East and Asia, including several ministers of Mines and Mineral Resources from leading African diamond producing countries.
