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
Can Arvind Shah Revive Operations of SDB?
Surat: The appointment of Mr. Arvind Shah from Dhanera Diamonds as the president of the Surat Diamond Bourse (SDB) Service Co-operative Society has sparked conversations about potential repetition of history. Shah steps into a role previously occupied by Mr. Nagji Sakaria of HVK Diamond, who stepped down amid efforts to shift Mumbai’s diamond trade to Surat, hinting at possible challenges
Gemfields Emeralds Auction Fetches $17.1 Mln.
Jaipur: Gemfields said its auction of commercial quality rough emeralds at the 9th India Rough Gemstone Sourcing Show (IRGSS), organised by the GJEPC, in Jaipur, from 5th to 23rd March 2024 realised total revenues of $17.1 million. Of the 43 lots offered for sale, 40 were sold (93%) at an average price of $4.45 per carat. Adrian Banks, Gemfields’ Managing
P N Gadgil Jewellers to Launch IPO
Mumbai: P N Gadgil Jewellers Limited, the second largest among the prominent organised jewellery players in Maharashtra, in terms of the number of stores as on January, 2024, which is the largest market for BIS-registered outlets in India has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company’s initial public
Call for Direct Flights Between Belgium & India
Mumbai: Diamond traders in Antwerp are calling on Air India to introduce non-stop flights to Delhi and Mumbai, reports idexonline.com. They’ve written to the airline saying the move would save travelling time and allow them to streamline their operations. There is currently no direct service between Belgium and India, two of the world’s biggest diamond hubs. Many passengers change in
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
HK to Build an International Gold Trading Market
Hong Kong: The Chief Executive of Hong Kong Special Administrative Region (SAR) John Lee Ka-chiu has announced the establishment of an international gold trading market in the SAR, reports rough-polished.expert/en/ As he noted in his policy address, Hong Kong is one of the world’s largest gold import and export markets by volume. According to John Lee, the city’s security and
