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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Mubri Organizes BSM: Brazil on the World Stage
Sao Paulo (Brazil): On the 11th and 12th of August, the expected international event BSM (Buyer Seller Meet) Brasil 2023 will take place in Sao Paulo city bringing top leading diamond and jewelry manufacturing companies coming from India to meet and make business with the biggest retailers and wholesalers from the South American country. The goal, in addition to Brazilian companies
Manushi Chhillar is Brand Ambassador of GJEPC
Nrew Delhi: The Gem and Jewellery Export Promotion Council of India (GJEPC), apex trade body promoting Indian gems & jewellery exports, globally, organised the India Evening (An Evening of Extravaganza) in New Delhi inviting distinguished Ambassadors, High Commissioners, trade diplomats representing several countries from across the world along with leading Ministry officials and trade fraternity. Dr. Rajkumar Ranjan Singh, Union
CIBJO Emphasises Jewellery’s Positive Societal Role
New York: Gaetano Cavalieri, President of the World Jewellery Confederation (CIBJO), informed the High-Level Segment of the United Nation’s Economic and Social Council (ECOSOC) in New York about the jewellery industry’s potential as a force for positive societal development, particularly during the period following the COVID pandemic. Among the leaders in attendance during the gathering was UN Secretary General António
Red Carpet Platinum Jewellery Trend
Mumbai: Statement necklaces set in platinum are making a comeback on red carpets around the globe! Celebrities including Rosie Huntington-Whitely, Rihanna, Lily Collins, and Kirsten Dunst have been spotted wearing a variety of bold necklace styles. Platinum Guild International (PGI), the marketing association for the platinum jewellery industry, predicts that necklaces ranging from single strand chokers with pendants to multi-layered
More Than 200 Buyers Registered for Diamond Week
Ramat Gan: More than 200 foreign buyers are registered already for participation in the International Diamond Week (IDW) that will be held September 1-4 at the Israel Diamond Exchange (IDE). They will come face-to-face with more than 350 diamond firms which will exhibit their diamond stocks in the IDE’s trading hall. Since the IDW is a joint effort of the
KP Wants Firm Action on CAR Conflict Diamond Trade
Shanghai: Kimberley Process Certification Scheme members are upset by reports that conflict diamonds being extracted in the Central African Republic and are finding their way into the legitimate global diamond trade. After an inter-sessional meeting in Shanghai in June, the KPCS resolved to take action to stem the spillover of diamonds from the CAR, Israelidiamond.co.il reported. The KPCS determined that
Alrosa Diamonds Evade EU Sanctions
Moscow: Diamantaires in Russia and beyond were relieved to learn that Alrosa was not on the list of firms that the European Union has decided to slap sanctions on, JCK Online reports. In recent weeks, some diamond industry players worried that the Russian state-owned firm would be hit by trade restrictions, but these fears did not materialize. The sanctions were
Retailers Liable for Undisclosed Synthetics They Sell
New York: If a retailer sells a lab-grown diamond without disclosing its origin, it bears legal responsibility for that, even if that fact was not disclosed to the retailer, Jewelers Vigilance Committee president and CEO Cecilia Gardner said at a JA New York panel on synthetic diamonds on July 28, sponsored by the Natural Color Diamond Association (NCDIA). “A retailer
