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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HRD Antwerp Announces Winners of 18th Design Awards
Antwerp: In the fully packed Teatro Palladio at Vicenzaoro, the reinvented design competition came to its conclusion with the announcement of the 3 category winners, the two runners-up and the overall competion winner. That final honor falls upon the young and new talent Wang Xuerui from China. CEO Ellen Joncheere also launched a new initiative to support young designers worldwide:
Registration Now Open for World Diamond Congress
Antwerp: The World Federation of Diamond Bourses (WFDB) has announced that registration is now open for the 40th World Diamond Congress, which will take place in Ramat Gan, Israel from March 28 – 30, 2023. The World Diamond Congress, the WFDB’s most important event, convenes representatives of the 29 member bourses as well as leaders of the world diamond community
CIBJO & Turkish Jewellery Exporters Asso. Ink MoU
Milan: The heads of the World Jewellery Confederation (CIBJO) and the Turkish Jewellery Exporters’ Association (TJEA) have concluded a Memorandum of Understanding, pledging the intent of the two organisations to cooperate closely in nurturing the development of both the Turkish and international jewellery, gemstone and precious metals industries. The MoU was signed on 21st January, 2023, in Vicenza during the
Israel International Diamond Week from Mar 27, 2023
Ramat Gan: Israel International Diamond Week, to be held from March 27–30, 2023, will feature a much-anticipated tender of polished goods held at the Israel Diamond Exchange’s (IDE) International Tender Center. The tender will be conducted by Diagurus from March 26 – 30, 2023. The tender will include a large amount of white and fancy color polished goods in a
Diamonds worth Crores Stuck in US Labs
Mumbai: An unprecedented delay by US-based Gemological Institute of America (GIA) in certifying of polished diamonds is worrying diamantaires in Surat and Mumbai, who are now facing liquidity problems due to shortage of gems to sell in the market, reports The Times of India. The diamond sized below one carat (the most popular category) that are sent to Carlsbard and
GIA Team Uncovers Gemstone Treasures in Brazil
Brasilia: Field researchers from the Gemological Institute of America (GIA) journeyed to gemstone mining areas in Brazil from March 31 to April 17 this year, gathering information on the current state of coloured stone mines in the region. Focusing specifically on emerald and tourmaline, the research team had the opportunity to visited Minas Gerais, Rio Grande do Norte and Paraiba
GJEPC Welcomes Export Promotion Mission, SEZ Revival
Mumbai:Announcing the reforms and budget for 2014-15, the Finance Minister, Mr. Arun Jaitley has maintained the populist front, announcing various small measures and state level schemes however none of them promise any major impact on the gem & jewelry sector, the Gem & Jewellery Export Promotion Council (GJEPC) has said in an official statement. “The industry is happy that our
GJF Expresses Deep Anguish over Union Budget
Mumbai: Indian gems and jewellery Industry is extremely disappointed with the Union Government Budget Proposals as the finance ministry did not consider their plea of reducing the import duty component on gold and also abolish the stringent 80:20 norms. “The union finance minister Mr. Arun Jaitley has ignored the plight of the trade in spite of several representation and meetings
