We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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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Senco Gold Appoints Two New Brand Ambassadors
Kolkata: Senco Gold & Diamonds, one of the largest organised jewellery retail players of Eastern India today roped in renowned Bengali actress Madhumita Sarcar and the popular Assamese actress and dancer, Sunita Kaushik as its regional ambassadors. As part of its ‘Hyperlocal’ approach, Senco Gold and Diamonds has chosen renowned Bengali actress Madhumita Sarcar and popular Assamese actress and dancer, Sunita Kaushik as its
NDC, Condé Nast Traveller Launch Diamond Standard List
Mumbai: The Natural Diamond Council (NDC) in collaboration with Condé Nast Traveller has released The Diamond Standard List recognising the best jewellery brands in the Indian industry. A pioneering initiative, this special index curated by the editors is a part of the magazine’s revered Gold List 2022. Celebrating extraordinary craftsmanship and remarkable experiences, this list recognises jewellers who have set the
Narendra Modi to Receive Lata D. Mangeshkar Award
Mumbai: India’s Prime Minister Mr. Narendra Modi is set to be honoured with the first Lata Deenanath Mangeshkar Award at the 80th annual Master Deenanath Mangeshkar Awards ceremony on April 24. The award was instituted in the memory and honour of legendary singer Lata Mangeshkar who passed away at the age of 92 years in Mumbai earlier this year. The
US Expands Sanctions on Alrosa
Washington: The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) last week “designated Alrosa” with the aim of cutting off additional sources of support and revenue for the Russian Government to wage its unprovoked war against Ukraine. “These sanctions will continue to apply pressure to key entities that enable and fund Russia’s unprovoked war against Ukraine,” said
Early Bird Discount for “TREASURES”
Lisbon: If you haven’t done so yet, there are still a few days to register with the reduced Early Bird rate and secure your seat for the second edition of TREASURES, an award-winning international colloquium that will take place under the patronage of the President of the Republic of Portugal at the Royal Treasure Museum, Palácio Nacional da Ajuda, in
First-Ever Sale of 100% Traceable Artisanal Diamonds from Congo
Antwerp/Kinshasa: Today, fully traceable, artisanal diamonds from the Democratic Republic of Congo were sold on the international market for the very first time in Antwerp. The diamonds, originating from the Kasai region, are part of OrigemA:a Belgian-Congolese initiative that provides artisanal miners with access to international markets, guarantees fair prices, and supports the livelihoods of more than 3 million people. During this first
New Source of Paraíba Tourmalines Reportedly Discovered in Ethiopia
Basel: Copper-bearing tourmalines—widely known in the trade as Paraíba tourmalines—have captivated gem dealers, collectors, and enthusiasts around the world since they first appeared on the market in the late 1980s. The Swiss Gemmological Institute SSEF has received credible reports from trade sources that indicate a new deposit of copper-bearing tourmaline has been discovered in Ethiopia. To date, the number of
Lukson Opens its 10th Exclusive Store in Bandra
Mumbai: Lukson, one of India’s fastest-growing lab-grown diamond jewellery brands and the D2C arm of the 34-year-old JK Star Group, announced the opening of its 10th exclusive retail store in Bandra, Mumbai, one of India’s most coveted fashion, luxury, and lifestyle destinations. The milestone opening marks a significant chapter in Lukson’s rapid retail expansion and reinforces the brand’s commitment to making
