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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European Natural Diamonds Exempted from US Tariffs
Antwerp: Natural diamonds cut in Europe will once again be exempted from US import tariffs. This brings an end to the 10% import tariff that had been in effect for the past six months. The restored exemption is significant news for the Antwerp diamond sector: Antwerp is Europe’s leading diamond-cutting centre, and the United States is a major trading partner
De Beers’ Rough Production Rises 88% in Q2 2026
London: De Beers has reported that its rough diamond production was 88% higher at 7.8 million carats, reflecting the impact of the extended maintenance shutdown in the comparative period at Orapa in Botswana, as well as the planned mining of higher-grade ore at both Jwaneng in Botswana and Gahcho Kué in Canada. Planned plant maintenance at Orapa and Jwaneng during
Only Natural Diamonds Should be Graded with 4Cs: CIBJO
Milan: The Diamond Commission of the World Jewellery Confederation (CIBJO) has insisted that the 4C polished diamond grading system (cut, color, clarity, and carat weight) should only be used for natural stones, but not synthetic ones. In the Special Report prepared for the upcoming 2026 CIBJO Congress, the Commission’s head Udi Sheintal also urged the industry’s stakeholders to use the
Forevermark Diamond Jewellery Enters East India
Kolkata: Forevermark Diamond Jewellery from De Beers Group has strengthened its presence in East India with the launch of its new store at South City Mall, Kolkata, marking the opening of its 10th store in India and another significant milestone in the brand’s retail expansion journey. Inaugurated by filmstar Raima Sen, the store brings Forevermark’s signature collection of natural diamond jewellery to one of the
Shanghai Gold Exchange Launched
Shanghai: The Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange, launched a yuan-denominated benchmark price on Tuesday in Shanghai, a measure that will benefit both China’s domestic gold market and the global precious metals market. SGE said in a circular that the launch of the Shanghai Gold Benchmark Price will be useful as it adequately reflects the gold
Naturally White Platinum for this Akshaya Tritiya
Mumbai: Akshaya Tritiya also known as Akha Teej, is one of the most auspicious days of the Vedic calendar. Akshaya means “Eternal” or which never diminishes hence buying or giving gifts on this day is considered inexhaustible. Precious platinum is an eternal metal which stands the test of time and considered auspicious for this festival. It is believed that on
Israel’s Polished Diamond Exports -17% in 1Q
Ramat Gan: Israel’s polished-diamond exports dived 17 percent to $1.44 billion in the first quarter as shipments to key trade partners such as the U.S. slumped, according to Rapaport. Exports of cut diamonds to the U.S. after returns slid 21 percent to $499.2 million over January to March. In volume terms, polished exports dropped 15 percent to 528,310 carats, resulting
Russia’s Rough Diamond Exports -29.9% in Q4
Russia’s exports of rough diamonds in the fourth quarter of 2015 decreased by 29.9% compared to the same period of 2014, reaching 7.556 million carats, while the country’s imports grew by 61.7% to 16,870 carats, as it follows from the materials published by the Ministry of Finance. In value terms, exports fell by 38.6% to $ 727.043 million, while imports
