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
Eminent Jury for Artisan Awards 2023
Mumbai: The second round of Artisan Awards 2023 that ensued recently, was on actual bejewelled pieces based on design replicability and category relevance. The theme was India Moderne, divided into 3 sub-categories – Abstraction, Print, and Sculpture. The first round was on the technical screening of the illustrated designs. 28 jewellery designs were up for evaluation, of which 10 were from
2nd IGJS Buyer-Seller Meet Inaugurated in Jaipur
Jaipur: The unveiling of the second edition of International Gem & Jewellery Show’s (IGJS) Jaipur Buyer Seller Meet was marked with a grand opening in the August presence of the Chief guest Mr. Sugrive Meena, Commissioner, Customs, Jaipur. From India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership team Kirit Bhansali, Vice Chairman, Nirmal Bardiya, Regional Chairman Rajasthan, Krishna Behari
Hallmark: More Time Given to Jewellers
New Delhi: A day ahead of the sale of gold jewellery having mandatory hallmarking with six-digit alphanumeric HUID coming into force, the government on Friday gave another three months time till June-end to 16,000-odd jewellers to sell the “declared” old hallmarked gold jewellery stock that existed prior to July 2021. A gazette notification in this regard has been issued by
Largest Israel Diamond Exhibition Ever Opens
Ramat Gan: The 10th Israel Diamond Exhibition 2023 opened on 28th March to a record number of participants: 450 buyers from over 40 countries, on the trading floor of the Israel Diamond Exchange (IDE). This is the first Israel Diamond Exhibition since 2020. The opening ceremony held in the Rough Trading Hall of the IDE featured greetings by IDE President
Now Polygon Bans EGL Reports From Network
New York: The Polygon trading network will no longer list diamonds with European Gemological Laboratory (EGL) International reports on its service—although another platform, IDEX, says EGL reports remain welcome. The announcements come in the wake of trading network RapNet’s decision to ban all EGL reports. “We have been closely following the current discussions regarding EGL International, both on and off
De Beers Held Talks with Dubai Diamond Exchange
Dubai: A delegation of senior executives from De Beers visited the Dubai Diamond Exchange (DDE) on September 14, with the sides discussing future collaboration, the increasing role that the producing nations play along the New Silk Route and the opportunities this shift is bringing. DDE Chairman Peter Meeus hosted the delegation along DMCC Chief Executive Officer Gautam Sashittal. The De
Gemfields to Explore Gemstones in Sri Lanka
Colombo: Colored gemstone miner, Gemfields Plc formed a joint venture East West Gem Investments Ltd. (EWGI) to explore sapphire and gemstones in Sri Lanka. Under the agreement, the joint venture will operate through three Sri Lankan subsidiaries. Gemfields will hold a 75 percent stake in the project with EWGI holding the remaining 25 percent stake. Gemfields said it acquired a
First Texas-Israel Diamond Show Sparks Great Interest
Ramat Gan: The first Texas-Israel Diamond Show, taking place later this month in San Antonio, promises to be an exciting event for both sides. The show, sponsored by the Texas Jewelers Association (TJA) and the Israel Diamond Institute (IDI), is an unprecedented opportunity for Israeli diamond exporters and Texas jewelers to meet face to face and to do business. The
