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 $2 million and barring the
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Platinum Love Bands for Your Summer Wedding
Mumbai: As we enter the summer wedding season, draw inspiration from your favourite celebrities when it comes to engagement ring choices. Celebrities worldwide have long favoured engagement rings set in platinum for their memorable “I Do” moments as this naturally white metal is renowned for its elegance, durability, and timeless appeal. From A-list actors to music sensations, these celebrities have embraced platinum
GJEPC Organized InnovNXT, Forty Under 40 Leadership Summit
Mumbai: Indian diamond jewellery market will grow to US$ 17 bn by 2031 out of India’s total gem & jewellery of US$ 120 bn from $ 79 bn in 2021. 2024 is likely to be a record year for gold mine production and jewellery demand will be firm but vulnerable to gold prices. These interesting nuggets were revealed through several compelling
Global Gold Demand Stays Strong: WGC
Mumbai: The World Gold Council’s (WGC) Q1 2024 Gold Demand Trends report reveals that total global gold demand (inclusive of OTC purchases) was up 3% year-on-year to 1,238t, marking the strongest first quarter since 2016. Demand excluding OTC fell 5% to 1,102t in Q1 compared to the same period in 2023. Healthy investment from the OTC market1 , persistent central
De Beers Moving Auctions HQ to Botswana
Gaborone: De Beers is moving its auctions headquarters from Singapore to Botswana in a move designed to streamline its operations and cut costs, according to media reports. The UK-based miner sells around 10 per cent of its rough, by value, via online auctions to almost 1,000 registered buyers. The other 90 per cent is sold to sightholders. In a statement
Dubai's Challenge to Antwerp
Dubai: Dubai’s banks are extending loans to the local diamond industry, boosting the emirate’s ambitions of becoming a top trading hub as funding to rival Antwerp dries up, reports Bloomberg. Emirates NBD PJSC. (EMIRATES), Mashreqbank PSC. (MASQ), and National Bank of Fujairah PJSC., are financing diamond cutters, polishers and traders operating on the Dubai Diamond Exchange for the first time,
India's Gold Imports Rising
Mumbai: Gold imports are estimated to be 95 tonne during September, mainly on account of decline in international prices and due to the ongoing festive season, according to an industry expert. “The import of the yellow metal is estimated to be around 95 tonnes during this September. The imports rose mainly due to decline in price in the global markets,
Zimbabwe Pilot Local Diamond Auction Fails
Harare: In the beginning of October Zimbabwe opened its diamond tender in Harare. A large-scale local auction was schedule for early November to coincide with the country’s bi-annual diamond conference. The Herald newspaper reports that the gems “went for a song” after international buyers bought them at ‘half’ the international price. The daily claimed that questions had been raised on
Shanghai Mission Great Success for Antwerp
Antwerp: The Belgian city of Antwerp and the Chinese city of Shanghai celebrated the 30th anniversary of their sisterhood ties with a spectacular fashion show in Shanghai, completely accessorized with diamonds. The exclusive evening was organized by the Antwerp World Diamond Centre. Antwerp diamond traders traveled to Shanghai and seized the opportunity to network with the Chinese diamond traders present
