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
Leaders Share Ideas to Foster Economic Growth
Surat: The recently concluded B20 (Business 20) Surat Meet – the official G20 dialogue forum with the global business community, organised by the Confederation of Indian Industry (CII) on 1st July 2023 at the Diamond city of India- Surat, saw a host of sparkling stalwarts sharing their thoughts, insights and views at the closed door event. The Round Table Discussion on
Platinum Delivers Steady Q1 Performance in India
Mumbai: The latest industry review from Platinum Jewellery Business Review (PJBR) Q1 2023indicates improved sentiment and positive consumption momentum among affluent jewellery buyers in platinum’s key markets and a continued recovery from the effects of the COVID-19 pandemic. Platinum Guild International (PGI) has implemented strategic marketing initiatives and programmes specially designed for each country to take advantage of improved sentiment to boost
CIBJO and IGDA Sign an Agreement
Birmingham: The World Jewellery Confederation (CIBJO) and the International Grown Diamond Association (IGDA) have agreed to work together in protecting the confidence of consumers in both jewellery products and the jewellery industry, through the transparent development of standards, operating principles and terminology. The agreement was formalised on June 25, 2023, as a Memorandum of Understanding (MOU), signed by Gaetano Cavalieri,
Modi Gifts LGD to Jill Biden
Mumbai: India Prime Minister Mr. Narendra Modi’s gift of a lab-grown 7.5-carat “green” diamond to the US President Joe Biden and First Lady Dr. Jill Biden during his state visit to the US serves as an endorsement of India’s prowess and leadership in the lab-grown diamond sector. By selecting an Indian lab-grown diamond for such a prestigious occasion, PM Modi
Take Blood Donation Pledge on Jeweller’s Day
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is calling upon every citizen to take a Blood Donation Pledge on Jeweller’s Day and actively participate in blood donation drives that will follow, in honour of the skilled craftsmen who are the backbone of India’s gem and jewellery industry. This initiative reflects the industry’s deep commitment to social responsibility and
Elton John Reveals Golden Moments of His Life
Mumbai: The World Gold Council (WGC) has unveiled a new documentary, ‘Touched by Gold’, a powerful exploration of gold’s enduring influence on culture, creativity, and society, told through the voice and life stories of Elton John. Touched by Gold charts his pervasive connection to gold, granting audiences an exclusive look at his personal archive and revealing the intimate ways gold
Mumbai Gold Entities to Elevate Industry Standard in India
Mumbai: The dynamically growing Indian gold industry has a new custodian created by the gold industry, for the gold industry. The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization (SRO) is all set to implement the framework for the current gold ecosystem by promoting fair, transparent, and sustainable practices under a strict Code of Conduct outlining the
Gemfields Generates $32 Mln. from Emerald Auction
London: Gemstone miner Gemfields generated $32 million in revenue from an auction of high-quality rough emeralds sourced from its 75%-owned Kagem mine in Zambia. The auction, held from August 25 to September 11, saw all 38 lots successfully sold at an average realised price of $160.78/ct. Among the highlights was an exceptional 11 685 ct gemstone, named Imboo (meaning “buffalo”),
