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
Land Allocated for Worker Housing Near IJPM
Mumbai: Maharashtra’s Minister of Industry Mr. Uday Samant during his visit to GJEPC and Bharat Diamond Bourse (BDB) announced that the State has taken a decision to allocate additional land adjacent to the Park for India Jewellery Park workers’ residence. India’s first-ever Jewellery Park in MHAPE (Navi Mumbai), spread over 21 acres is expected to create one lakh new jobs. Mr.
IDE to Hold Special Sales Event in NY with DDC
Ramat Gan: The Israel Diamond Exchange (IDE) has announced that it will hold a special sales event in New York, in collaboration with the New York Diamond Dealers Club, under the headline STAND WITH ISRAEL. The event will be held from November 27 – 30, 2023, on the new trading floor of the DDC. Due to the war with Gaza, the Israeli
Exclusive Ukrainian Jewellery at GemGenève
Geneva: For the fourth time in a row, the Strong & Precious Art Foundation (S&P) showcases emerging Ukrainian jewelry brands at GemGenève, a small but prestigious biennial gemstone and high-end jewelry exhibition held in Geneva, Switzerland. At GemGenève’s upcoming edition, of November 2 -5, 2023, S&P’s lineup includes jewelry brands Nomis, Drutis Jewellery, Yuval Studios, Inesa Kovalova, and Zhernov Artifactory, all of which participated in previous editions of
India’s Gold Demand in Q3 2023 up by 10%
Mumbai: The World Gold Council’s (WGC) Q3 Gold Demand Trends report reveals that support for the asset continues as central bank buying maintains a historic pace, bringing quarterly gold demand (excluding OTC) to 1,147t, 8% ahead of its five-year average. According to the WGC’s data series, central banks saw the third strongest quarter of net buying, reaching 337t. Although shy
CIBJO Recommends New Definition of ‘Recycled Gold’
Milan: The World Jewellery Confederation (CIBJO) is recommending a new definition of “recycled gold״ to be used in the jewellery and watch sectors, so as to provide greater clarity and consistency both within the industry and marketplace. CIBJO will henceforth include the definition in the guidance documents it produces. The definition, which covers recycled materials recovered during manufacturing and fabrication
SEZ Conclave Stresses Ways to Boost G&J Exports
Mumbai : India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully hosted the 2nd SEZ Gem & Jewellery Conclave 2025 at Bharat Ratnam Mega CFC, SEEPZ, reinforcing its commitment to advancing Technology, Branding, and Investment in India’s gem and jewellery sector. Held under the theme ‘SEZ: The Future of Indian Exports,’ the conclave brought together industry leaders and experts to explore strategies for boosting
G7 Postpones Diamond Traceability Requirement
Mumbai: The Group of Seven (G7) nations have postponed the enforcement of stringent traceability requirements for polished diamond imports, moving the deadline from March 2025 to January 1, 2026. This delay provides significant relief to India’s diamond cutting and polishing industry, which faced challenges in complying with the new regulations within the original timeframe. The G7 countries—comprising the US, UK,
GJEPC Seeks Govt Intervention on US’ Reciprocal Tariff Proposal
New Delhi: Top representatives of India’s gems and jewellery sector have urgently briefed Commerce Secretary Mr. Sunil Barthwal, IAS, on the potential repercussions of the United States’ recent notice regarding reciprocal tariffs. The delegation, led by Mr. Shaunak Parikh, Vice Chairman, GJEPC, along with Mr. Adil Kotwal, President, Seepz Gem & Jewellery Manufacturers’ Association (SGJMA), and Mr. Sabyasachi Ray, Executive
