We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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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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GIA to Join De Beers' Tracr Blockchain Platform
London: The Gemological Institute of America (GIA) will join De Beers’ Tracr, the world’s first distributed diamond blockchain platform. The diamond group said GIA’s participation in Tracr will enable the world’s leading diamond grading laboratory to include an immutable record of the provenance of polished diamonds in its diamond grading reports for the first time, as the industry moves towards
GIA Reintroduces Paper Certs after Backlash
New York: GIA has bowed to pressure and says it will re-introduce paper certificates, at no extra cost, as of Sunday (9 April), reports idexonline. The move to digital-only Diamond Dossiers, for stones up to 1.99-cts, provoked widespread criticism from retailers, who said some customers were refusing to buy a diamond without one. In a message to clients, GIA (Gemological Institute of America) said it “did
Bharat Diamond Week Inaugurated
Mumbai: The 4th edition of Bharat Diamond Week (BDW) was launched yesterday at Bharat Diamond Bourse (BDB). Dr. M’zée Fula-Ngenge, Chairman, African Diamond Council was the chief guest along with Mr. CP Singh Chauhan, IRS, Jt Development Commissioner SEEPZ and Mr. Senthilnathan, Chairman ECGC. Dr. Ngenge in his inaugural address spoke on the strong bond that the Indian Diamond Industry
NDC's Report Reflects Changing Consumer Behaviour
Mumbai: The Natural Diamond Council (NDC) has released the third edition of their Jewellery Trend Report that highlights the upcoming natural diamond trends for the season, with a focus on how these trends bring a new opportunity to start conversations and create consumer desire for these billion-year-old wonders of nature. The report has been compiled with inputs by ‘The Style
Concern about Irradiated Rubies and Sapphires
Milan: The World Jewellery Confederation (CIBJO), the American Gem Trade Association (AGTA) and the International Colored Gemstone Association (ICA) are once again expressing concern about the presence in the marketplace of irradiated rubies and sapphires, particularly sourced in Sri Lanka. The materials in question, which have a pleasing but temporary appearance, were earlier reported upon in a 2022 press release
Mia by Tanishq Opens in Oberoi Mall, Mumbai
Mumbai: Mia, from the house of Tanishq, one of India’s leading fine jewellery brands, strengthened its presence in Mumbai with the launch of its latest flagship store at Oberoi Mall, Goregaon. The store was launched by Mr. Sanjay Bhattacharjee, Retail Head, Mia by Tanishq. Designed to offer an immersive and elevated shopping experience, the new store reflected Mia’s commitment to making contemporary
IIJS Tritiya Opens in Bengaluru
Bengaluru: The 3rd edition of IIJS Tritiya 2025, India’s 3rd largest and most comprehensive B2B jewellery show, organized by the Gem & Jewellery Export Promotion Council (GJEPC) opened at the Bangalore International Exhibition Centre (BIEC) from 21st to 24th March 2025. Mr. M.B. Patil, Minister of Large & Medium Industries and Infrastructure Development, Government of Karnataka, inaugurated IIJS Tritiya 2025 along with Dr. Sharavana
Augmont Gets 4 Prestigious Awards
Mumbai: Augmont Enterprises Pvt. Ltd. and Augmont Goldtech Pvt. Ltd. have been recognized for their prominent contributions to the bullion and digital gold industry at the 10th India International Bullion Summit (IIBS), hosted by the India Bullion and Jewellers Association (IBJA). The group secured honors across four key categories, reaffirming its leadership and commitment to innovation, transparency, and proficiency in the sector.
