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
GJS 2024 from 25th Sep in Mumbai
Mumbai: The jewellery industry is set to dazzle as the much-anticipated India Gems and Jewellery Show 2024 (GJS2024) #HumaraApnaShow, a premier retail jewellery exhibition, opens its doors at Jio World Convention Centre, Mumbai, from 25th to 28th September 2024. Organized by All India Gem and Jewellery Domestic Council (GJC), this prestigious event brings together the finest jewellery brands, artisans, designers, and retailers
Positive Outlook for Natural Diamonds: GJEPC
Mumbai: The natural diamond market is showing signs of resilience and recovery as prices begin to stabilize and inventory reaches manageable levels. The natural diamond market is experiencing a positive shift, characterised by price stabilisation and a growing sense of optimism. The industry’s resilience is evident in the recent decline of rough diamond imports relative to polished diamond exports, indicating
GJEPC & Exim Bank Explore Cluster Strategy for Export Push
Mumbai: GJEPC hosted a meeting with Ms. Rupa Dutta, Advisor, Exim Bank and the former Principal Advisor, Department of Industrial Policy & Promotion, along with key Exim Bank officials to discuss the potential of cluster development and export facilitation in the Indian gems and jewellery sector. GJEPC and Exim Bank are collaborating on a joint study to explore strategies for
Linneys Unveils Exclusive Argyle Pink Diamond Quokka
Perth: Renowned Australian jeweller Linneys has unveiled a remarkable creation: The Argyle Pink Quokka. This sculpture, crafted from rare Argyle Pink Diamonds and 18-karat gold, is a tribute to two of Western Australia’s most beloved icons – the quokka, known as the world’s happiest animal, native to the shores of Rottnest Island, and the now-closed Argyle Diamond Mine. Limited to
Sixth Antwerp Diamond Trade Fair kicks-off
Antwerp: The Sixth Edition of the Antwerp Diamond Trade Fair (ADTF), the world’s exclusive by-invitation-only diamond trade show, kicked-off yesterday, welcoming many hundreds of buyers, among them not only delegations from existing, leading jewellery markets, but also from markets that until recently had remained unexplored. The fair, which is held in the trading halls of the Antwerp Diamond Bourse (Beurs
Pure Gold Group to Invest $150 Million in India
Dubai: The UAE-based Pure Gold Group has announced plans to invest $150 million in India in three major business sectors – retail, manufacturing (diamond and gold jewelry) and hospitality over the next three years. The group currently has 25 retail jewelry outlets in India under its flagship brand Pure Gold Jewellers. “We believe in Indian economy’s strong long-term outlook. This
Zimbabwe to Set up Diamond Cutting Centre
Harare: Zimbabwe’s ruling party Zanu-PF is reportedly planning to set up a diamond cutting and polishing centre in the eastern town of Mutare. The Daily News quoted the party’s Manicaland acting provincial chairperson Samuel Undenge as saying that a holding company was in the process of being registered. “As a party, we have decided to have a diamond cutting and
Maharashtra CM Assures Full Support to G&J Ind
Mumbai: The Chief Minister of Maharashtra Mr. Devendra Fadnavis has assured the gem and jewellery industry of complete support from his government and promised a speedy solution that will allow exporters to provide bank guarantees instead of upfront payment on VAT charged on gold. He was speaking as Chief Guest at the 41st India Gem and Jewellery Awards (IGJA 2014)
