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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Rio Tinto Launches Icon Partner Program
Perth: Rio Tinto has launched the new Icon Partner program, as part of its strategy for the future development of the Argyle Pink Diamonds brand. Following the November 2020 closure of the Argyle mine in Western Australia, Rio Tinto has retained and managed the Argyle Pink Diamonds brand and has been working with its exclusive distribution network to ensure it
IDE Holds Successful Blue & White Fair
Ramat Gan: The Israel Diamond Exchange (IDE) held one of its most successful internal shows yesterday on the huge trading floor of the bourse complex. The Blue & White Fair, which filled the trading floor and was buzzing with activity, included 53 exhibitors and presented diamonds, precious gems and jewelry worth tens of millions of dollars. For the first time
Fabergé Celebrates Pride Month
New York: Fabergé is delighted to celebrate ‘A Love in Colour’ this June, with the Colours of Love Yellow Gold Diamond and Sapphire Trans Flag Fluted Eternity Ring, with proceeds from sales donated to the Trans Wellness Center. This vibrant creation is set in 18k yellow gold and decorated with pink and blue sapphires and diamonds, recreating the colours of
PGI Releases Platinum Jewellery Business Review
London: The high performance of platinum as a metal and the emotional connections it builds with consumers make it an optimal choice for differentiation within the fine jewellery industry. Platinum Guild International (PGI) released the annual Platinum Jewellery Business Review (PJBR), highlighting platinum’s prestigious image among jewellery retailers and their customers. Platinum’s unique qualities continue to support consumer demand and
GJEPC Urges RBI to Ease Banking Norms to Boost G&J Exports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to strengthen the competitiveness of India’s gem and jewellery (G&J) exports. The Council’s recommendations focus on improving exporters’ access to working capital, reducing compliance bottlenecks, streamlining banking procedures and creating a more facilitative regulatory
GJEPC Highlights Key Policy Priorities at Meeting with CIM
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) highlighted the industry’s key policy priorities during a meeting chaired by Mr. Piyush Goyal, the Union Minister of Commerce & Industry, with Export Promotion Councils (EPCs) and industry associations in New Delhi on 24 June to review the Export Promotion Mission (EPM). Ashish Borda, Convenor – PMBD, GJEPC, and Sabyasachi
Thangamayil Jewellery, Receives IAGES Accreditation
Madurai: Gold buyers in Tamil Nadu can now purchase their favourite precious metal with complete trust and transparency from Thangamayil Jewellery Limited (TMJL), one of the most recognized chain of jewellery stores in the state. TMJL has officially received its IAGES accreditation, further cementing its commitment to serve its consumers in the most ethical, responsible and sustainable manner. The Indian
Russia to Levy 8% Duty on Rough from Sep.
Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had
