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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Senco Gold Opens Store in Bhubaneshwar
Bhubaneshwar: Senco Gold & Diamonds marked the beginning of the festive season with the grand launch of its flagship Janpath store in Bhubaneswar, inaugurated by actor Ms. Rakul Preet Singh. The occasion brought together festive glamour, timeless craftsmanship and contemporary design, offering customers an early glimpse into the season’s most coveted jewellery trends, from statement natural diamond creations for weddings
Ekati Diamond Mine to Close Following Unsuccessful Sale Process
Toronto: Canada’s Ekati diamond mine is set to cease operations after owner Burgundy Diamond Mines failed to secure a buyer for the asset during a court-supervised sale process. According to documents filed with the Supreme Court of British Columbia, the sale process did not attract any compliant bids, leaving the company without the funding needed to continue operations. Burgundy has
IIJS Bharat Premiere Receives Message from PM
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is organizing the 42nd edition of IIJS Bharat – Premiere from 5th to 9th August 2026 at Jio Convention Centre, BKC and from 6th to 10th August at the NESCO, Goregaon, Mumbai. On this occasion, India’s Prime Minister Mr. Narendra Modi has sent a special message to the GJEPC wishing the
IIJ Awards on 2nd October in Mumbai
Mumbai: The India International Jewellery Awards (IIJA), an initiative by IBJA (India Bullion and Jewellers Association Ltd.) & Tefla’s is back—bringing together industry excellence, inspiring stories, and a distinguished celebrity jury. A $90B+ industry — and until now, no single honour platform that recognized all of it: from the master karigar at the workbench to the global icon whose work
Eli Avidar Appointed as MD of IDE
Ramat Gan: The Israel Diamond Exchange (IDE) announced it has appointed Eli Avidar, the Managing Director of the Israel Diamond Institute Group of Companies (IDI), as its new Managing Director, effective immediately. Avidar replaces Moti Besser who completed two terms as Managing Director. Avidar, who has served as IDI’s Managing Director since January 2007, has had a rich career in
Israel’s Polished Exports Drop 20% in 2015
Israel’s polished diamond exports slumped 20 percent to $5 billion in 2015 because of a drop in demand in key markets and a mismatch between the prices of polished and rough gems, according to the Ministry of Economy. Polished exports to the U.S., Israel’s largest diamond-trade partner, dived 16 percent to $2 billion and outbound shipments to Hong Kong plummeted
Court Rejected Riddhi Siddhi’s Plea over Penalty
Mumbai: The Bombay High Court has rejected a petition filed by Riddhi Siddhi Bullion Ltd (RSBL) challenging levy of a Rs 100 crore penalty and cancellation of its Nominated Agency Certificate by the Director General of Foreign Trade (DGFT). The action was initiated after the bullion trader allegedly diverted 200 kg of gold into the domestic market instead of exporting
The Journal of Gemmology Joins Web of Science
London: The Gemmological Association of Great Britain (Gem-A) has announced that its flagship publication, The Journal of Gemmology, has been accepted for indexing in Thomson Reuters’ new Emerging Sources Citation Index (ESCI), part of the prestigious Web of ScienceTM research platform. This exciting development will allow The Journal to be fully searchable and citable by academics, authors and researchers across
