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
International Diamond Week from April 1st, 2024
Ramat Gan: The Israel Diamond Exchange (IDE) will once again host a professional diamond conference and international diamond exhibition during International Diamond Week, to be held from April 1 – 4, 2024. The events will include the second annual Israel Diamond Conference on April, 2024, which will feature talks and panels by major international personalities in the diamond world, including key diamond
New Committee Elected for Bharat Diamond Bourse
Mumbai: Post the recently held election to appoint office bearers for the year 2023 -24, the Managing committee of Bharat Diamond Bourse [BDB] has been formed. The Managing Committee members of Bharat Diamond Bourse [BDB] are as follows: Mr. Anoop Mehta – President Mr. Mehul Shah – Vice President Mr. Kiran Gandhi – Hon. Secretary Mr. Anup Zaveri – Treasurer
World Gold Council India CEO to Step Down
Mumbai: The World Gold Council (WGC) has announced that Mr. Somasundaram PR, Regional CEO, India, will step down from his current position next year when his successor has been appointed. Mr. Somasundaram PR joined the WGC in January 2013 and during the last decade has played an instrumental part in supporting many of the India gold market’s structural reforms, from
Augmont Partners with Leading Brands
Mumbai: Augmont, India’s Gold Platform has forged strategic partnerships with some of the most esteemed brands like Home Credit, Kalyan Jewellers, PNG, ONeCode, and EbixCash to promote Digital Gold as a product. These collaborations are a significant step towards Augmont’s vision of revolutionising how customers engage with Digital Gold investments. Augmont has always been committed to innovation, and its belief
India's Gold Curbs Likely to Stay Till Next Year: WGC
Mumbai: Indian gold demand in 2014 will fall below last year’s record levels as import restrictions are expected to remain in place, despite an improvement in demand in the second half of the year, the World Gold Council (WGC) said. Indian demand in 2014 will be 850-950 tonnes, the industry body said, down 50 tonnes from its earlier forecast. China’s
Global Gold Jewellery Demand Sank by 30%
London: U.S. demand for gold jewelry rose 15 percent in the second quarter of 2014, even as overall worldwide demand took a nosedive, according to the World Gold Council’s latest report on the sector. The increased U.S. demand was fueled by lower price points and increased consumer confidence, as well as the fashion business increasingly using yellow gold, says Alistair
Mbada Diamonds Cuts Salaries, 4 Executives Resign
Harare: Workers at Zimbabwe’s leading diamond producer, Mbada Diamonds, staged a sit-in last week after its management slashed their salaries by 50 percent, claiming there had been a massive decline in production. The decision to reduce salaries also resulted in four senior managers tendering their resignations in protest. Workers told New Zimbabwe that they were also not happy with management’s
Tanzanite Foundation Shutting Down
New York: The New York City–based Tanzanite Foundation will cease operations on Aug. 31. Tanzanite Foundation executive director Hayley Henning confirmed to JCK this week that the 11-year-old promotional agency for tanzanite will close at the end of August. Formed by miner TanzaniteOne, the nonprofit foundation has served all ethical and socially responsible operators and partners in the tanzanite industry,
