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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GJEPC Hosts Gem & Jewellery BSM
Mumbai: India’s Gem and Jewellery Export Promotion Council of India (GJEPC), the apex trade organization dedicated to promoting Indian gem and jewellery exports worldwide, organised the Gem and Jewellery Buyer Seller Meet (BSM) at ITC Grand Maratha, Andheri, Mumbai, on September 29th and 30th, 2023. This event is specifically designed to cater to international buyers from the U.S., the U.A.E., Egypt, Germany,
G7 Delegation Ends India Diamond Ind. Visit
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) welcomed a high-level G7 delegation that came to India from 27th to 29th September 2023. The delegation comprised members from the U.S. State Department, U.S. Department of Treasury, European Commission, Prime Minister’s office of Belgium, Foreign Trade Department of Belgium, and the Japan Embassy in India. The delegation visited Mumbai and
International Participation Roars Back at JGW
Hong Kong: The 40th edition of Jewellery & Gem WORLD Hong Kong (JGW) wrapped up on a triumphant note this past Sunday, 24 September – setting records as the city’s first event since the pandemic to witness the full resurgence of international participation. Widely recognised as the largest jewellery fair globally, with 3,417 exhibitors hailing from 44 countries and regions, JGW attracted 53,879
Call to Voluntarily Halt Imports of Rough
Mumbai: The Indian gem and jewellery industry has taken a unanimous decision to voluntarily halt the import of natural rough diamonds from 15th October to 15th December, 2023. This strategic move is aimed at addressing imbalance in demand and supply. This voluntary cessation of importing natural rough diamonds will not affect the processing and manufacturing activities within the industry. Additionally,
Reports about Diamond Discount Baseless: GJEPC
Mumbai: The GJEPC issued a strong rebuttal of media reports that Indian diamond companies were offering discounts of between 5 % to 20% as a fall-out of the closure of the Antwerp Diamond Bank (ADB) saying that the reports were “not only false but also baseless with news being reported without substantial understanding of the functionary guidelines of bank’s trade
Tendulkar Presents Cricket Kits to Kids on Behalf of Jewellers For Hope
Mumbai: Iconic cricketer Sachin Tendulkar today presented complete cricket kits to six children suffering from life threatening medical conditions on behalf of Jewellers for Hope and Make a Wish Foundation, India. The presentation took place at the residence of the cricketing legend on October 9. Colin Shah and Ashish Kothari represented the Jewellers for Hope and Deepak Bhatia, CEO attended
Zimbabwe Diamond Conference from 6th Nov 2014
Harare: The Second Zimbabwe Diamond Conference to take place next month will present the progress made by the country’s diamond industry following its admission as a member of the Kimberley Process Certification Scheme (KPCS) in 2011. The inaugural Zimbabwe Diamond Conference took place at Victoria Falls in November, 2012. The importance to the global diamond industry of the developing Zimbabwe
GJEPC Urges Gujarat Govt. For Trade Facilitation
Surat: A delegation under the leadership of Shri Vipul Shah, Chairman GJEPC met Mr. Saurabh Patel, Hon. Minister of Finance, Government of Gujarat to represent the Diamond trade issue on 8th October, 2014. The delegation consisted of Shri Chandrakant Sanghavi, Regional Chairman, Gujarat, Shri Ajesh Mehta, Co-Convenor, Diamond Panel Committee of GJEPC, Shri Aagam Sanghavi, Chairman, IDI, Shri Sabyasachi Ray,
