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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GJSCI Launches First Digital Course
Mumbai: The Gem and Jewellery Skill Council of India (GJSCI) has launched its first ever digital course based on the highly sought-after job role of “Jewellery Retail Sales Associate”. Digitalisation of courses has become the need of the hour as every sector is pivoting to digital solutions, GJSCI said. The course will be conducted in Hindi language. It is designed
WDC Proposal Helps Break Impasse in KP
Gaborone: The 2022 Kimberley Process Meeting ended successfully in the early hours of November 5, after a compromise proposal offered by the World Diamond Council managed to break an impasse that could have prevented the gathering dispersing without issuing a Final Communiqué. For several hours during the final session, when the Communiqué had to be ratified by consensus, the delegates
UAE to Chair Kimberley Process in 2024
Dubai: DMCC has announced that the UAE will be appointed Chair of the Kimberley Process in 2024, assuming the role as Vice-Chair in 2023. The decision follows the deliberations at the Kimberley Process Plenary meeting in Gaborone, Botswana that concluded on 5 November, 2022, says a press release from DMCC. The Kimberley Process (KP) is an international group tasked with
KP Forms Ad Hoc Reform & Review Committee
Gaborone: The Kimberley Process Certification Scheme (KPCS) Plenary held from 1st to 4th November 2022 in Gaborone, Botswana, continued its commitment for maintaining a conflict-free natural diamond supply chain with constructive and fruitful discussions between participants. The Working Group achieved desired outcomes and conclusions on various matters through consultations and consensus. As per the rules and procedures of the Core
GJEPC Hosted IIJS Bharat Retailer Connect Session
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully hosted the IIJS Bharat Retailer Connect session at the PHD Chamber of Commerce, Delhi, on 19th Feb 2026, in association with the Maliwara Jewellers Association, Delhi Jewellers Association, Greater Kailash Jewellers Association and East Delhi Jewellers Association. Mr. Antarpal Singh Sawhney, Regional Chairman–North, inaugurated the seminar, which saw participation
US & Japan to Invest $550 bln. on Synthetics
New York: The governments of the United States and Japan are reportedly considering directing a portion of a proposed $550 billion investment package toward establishing synthetic diamond production in the U.S., as part of a broader effort to strengthen critical technology supply chains. At the heart of the initiative is a planned synthetic diamond manufacturing facility in the United States,
The Tariff is Illegal: US Supreme Court
Washington: US trading partners, including India, that have reached tariff deals with Donald Trump’s administration before the Supreme Court verdict, will now face a 10 per cent duty, despite higher levels they may have agreed on previously, the White House has said. The certification came after the US Supreme Court struck down Trump’s sweeping and often arbitrary duties, delivering a
PNG Jewellers Receives IAGES Accreditation
Mumbai: India’s gold industry is set to achieve the highest standards of ethical and responsible business practises followed, as more gold entities receive their Indian Association for Gold Excellence and Standards (IAGES) accreditation. Joining the fast-growing pan India network of verified gold retailers is the leading legacy brand PNG Jewellers (PN Gadgil Jewellers Ltd) that has received its IAGES accreditation.
