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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GJEPC Organized 3rd Member Outreach Program
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organised its 3rd Member Outreach program and initiated Discussions on the Way-Forward in Mumbai on 22nd June. This was organised in association with World Gold Council and supported by Jewellers Youth Forum. The exclusive program aimed to create awareness among industry members about the Council’s many initiatives to facilitate business and
WDC Warns KP against Risking a Two-Tier Market
Kasane: Highlighting the proven ability of natural diamond resources to serve as a driver for the development of sustainable economies and societies, World Diamond Council (WDC) President Edward Asscher warned that this potential is threatened if the Kimberley Process (KP) doesn’t evolve to address the challenges of today. He was speaking during the opening day of the KP Intersessional, which
De Beers Diamond Sales Up by 7.6% in 5th Cycle
Gaborone: The De Beers has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for its fifth sales cycle of 2022, amounting to $650 million, which is 7.6% higher compared with $604 million earned in the fourth sales cycle. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De
"KP is Not Fit for the Porpose": KPCSC
“The fact that the KP is unable to even discuss whether it should continue certifying Russian diamonds as conflict-free, reaffirms what we have been denouncing for years: That the world’s conflict diamond scheme is no longer fit for purpose,” Michel Yoboue, KPCSC coordinator, told KP delegates at a meeting in Botswana yesterday. “The silence of the KP over the Ukraine
Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million
London: Gemfields recently announced revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats
D. P. Abhushan Q4 2026 PAT Jumps 101% YoY
Bhopal: DP Abhushan Limited (NSE: DPABHUSHAN, BSE: 544161), a company marking golden legacy of 86 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 12 different geographics in India, announced its financial results for the fourth quarter and full year ended 31st March 2026. The company reported a strong performance with Q4FY26
WFDB Concludes the International Summit
Gaborone: The World Federation of Diamond Bourses (WFDB) has concluded its International Summit in Gaborone, Botswana, bringing together senior government representatives, industry leaders and stakeholders from across the global natural diamond value chain to examine the sector’s future amid shifting market dynamics and evolving consumer expectations. Held from 18-19 May in collaboration with Botswana’s Ministry of Minerals and Energy under
WDHB Opens Nominations for World Diamond Heritage List
Singapore: The World Diamond Heritage Board (WDHB) has announced the official opening of the public nomination phase for the World Diamond Heritage List (WDHL); an inaugural selection of 100 natural diamonds of outstanding historical importance. Nominations are open from May 18 to June 18, 2026. Every person — from industry professionals to diamond lovers — is invited to nominate up
