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 Outlines Growth Potential of Lab-Grown Diamonds
Mumbai: Gem & Jewllery Export Promotion Council (GJEPC) officials were present at a meeting on the lab-grown diamond (LGD) industry chaired by the Union Minister for Commerce & Industry; Consumer Affairs, Food & Public Distribution and Textiles, Mr. Piyush Goyal in New Delhi on 17th May, 2022. Mr. B.V.R. Subrahmanyam, Secretary, MOC&I; Mr. Vipul Bansal, Joint Secretary, MOC&I; and Mr. R. Arulanandan,
De Beers' 4th Cycle Generates $604 Million
Gaborone: De Beers’ rough sales strengthened in May as the miner benefited from strong consumer demand, with proceeds reaching higher levels than normal for the time of year. The company grossed $604 million at its fourth sales cycle of the year, which included last month’s sight in Gaborone, Botswana, it reported Wednesday. The figure was 57% higher than the $385
GLT and Diamond Services Announce Joint Venture
Istanbul: The Gemological Laboratory of Turkey (GLT), Turkey’s leading provider of gemological services, and Diamond Services (DS), the Hong Kong-headquartered developer of technological systems and services for detecting laboratory grown, imitation and treated diamonds, have recently signed a joint venture agreement to provide comprehensive diamond identification, grading and certification services to the Turkish market. Within the framework of their agreement,
SSEF Conducts Analysis of Cobalt-Blue Spinel
Basel: For several months already a supply of blue cobalt-bearing spinel has been appearing in the gem trade, including some stones of remarkable size –up to 40 carats – and quality. According to information from reliable sources, the source of the new find is a deposit located about 20 kilometres south-east of Mahenge, Tanzania, which for more than 20 years
Distinguished Women of the G&J industry Honored with Golden Girls Awards
Mumbai: The India Bullion & Jewellers Association Ltd. (IBJA), in association with Heera Zhaveraat, the B2B trade magazine for the global Gem & Jewellery industry, recently hosted the 4th Golden Girls Award (GGA) in Mumbai. The Golden Girls Award (GGA) provided a platform to celebrate and recognize the outstanding accomplishments of women entrepreneurs in the industry, highlighting their persistent dedication
IAGES Expands Network with 50+Accredited Partners
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization (SRO) established by and for the Indian gold industry has achieved the 50 accredited members milestone, reshaping the gold sector to become more consumer-friendly and future-ready. Some of India’s leading gold retailers like Senco Gold & Diamonds, PN Gadgil Jewellers, Kalamandir Jewellers and Waman Hari Pethe Jewellers
Karnataka Minister Invited as Chief Guest at IIJS Bharat Tritiya
Bengaluru: Mr. M.B. Patil, Hon’ble Minister for Large & Medium Industries, Government of Karnataka, has been invited as Chief Guest for IIJS Bharat Tritiya 2026. The show is scheduled from 21 to 23 March 2026 in Bengaluru at the Bangalore International Exhibition Centre (BIEC). The invitation was extended by Mr. Nirav Bhansali, Co-Convener – National Exhibitions, GJEPC. The meeting was
Congolese Diamonds Tender Gets 40% Higher Sales
Antwerp: From 16 to 20 February, the Congolese diamond company SACIM SARL organised a particularly successful diamond tender in Antwerp. More than 288,000 carats of rough Congolese diamonds were sold at prices that were on average over 40% higher than those achieved in other, competing diamond trading centres. The result once again underlines Antwerp’s unique position as an international hub for rough diamond trading
