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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IIGJ Introduces Origin Certification Service for Emeralds
Jaipur: IIGJ-Research & Laboratories Centre (IIGJ-RLC) is the new brand identity after the merger of two well-established laboratories operated by India’s Gem & Jewellery export Promotion Council (GJEPC), the Gem Testing Laboratory (GTL, Jaipur) and the Indian Gemmological Institute – Gem Testing Laboratory (IGI-GTL, Delhi). The laboratory has now emerged as the leading facility in the country for certification of loose
Rs. 18,000 Crore Returned to Banks from Defaulters
New Delhi: The Centre informed the Supreme Court yesterday that banks got back Rs. 18,000 crore from absconding businessmen Vijay Mallya, Nirav Modi and Mehul Choksi after proceedings were initiated under the Prevention of Money Laundering Act (PMLA), 2002. Solicitor General Mr. Tushar Mehta told a three-judge bench led by Justice A M Khanwilkar that 4,700 cases are being investigated by the
JGT Dubai Gets Started
Dubai: Her Excellency Mona Ghanem Al Marri, Director General of the Government of Dubai Media Office, yesterday officially opened Jewellery, Gem & Technology Dubai (JGT Dubai) at the Dubai World Trade Centre (DWTC), kicking off 2022’s sourcing calendar for professional buyers eager for the full in-person experience and a return to business following a two-year hiatus. Running through Thursday, the
Anglo Platinum Recorded 161% Increase in EBITDA
Toronto: Anglo Platinum recorded a 161% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to R108.4 billion in 2021 compared with R41.6 billion, a year earlier despite increases in costs and higher wages. It said this, in turn, led to an increase in headline earnings to R79 billion. Anglo Platinum’s return on capital employed also increased to 183%
Namibia Joins Luanda Accord: GJEPC, DMCC to Become Members of NDC
Cape Town: The Luanda Accord held its second high-level meeting at the African Mining Indaba 2026, marking an expansion of collective action in support of global generic marketing for natural diamonds, led by the Natural Diamond Council (NDC). The Accord brings together diamond-producing governments and industry stakeholders committed to sustained investment in protecting and promoting the natural diamond category. Its
When Love is the Feeling, Gift must be Platinum!
Mumbai: When love is intentional, enduring, and deeply felt, it deserves a symbol that reflects its significance. Platinum stands apart as the metal of love – resilient and lasting, naturally white, with jewellery that is uncompromisingly pure. This Valentine’s season, Platinum Love Bands spotlights women’s platinum rings – each designed to convey what makes ‘her’ special…celebrating your love for her, and the woman that she
India-US Reach Framework for an Interim Agreement
Mumbai: India’s gem& jewellery (G&J) industry is elated by the announcement of zero-duty access for diamonds and coloured gemstones to the US under the Interim Agreement framework — a decisive turning point that breathes new life into the sector. The diamond sector had taken a severe hit over the past year, with India’s cut and polished diamond exports to the
De Beers Declares 35% Fall in Diamond Production
Mumbai: De Beers Group has reported a big fall of 35% in diamond production for Q4 of 2025, mainly due to maintenance shutdowns at its Jwaneng and Orapa mines. In its Q4 report for the year, the diamond mining major revealed it recovered 3.78 million carats between October and December, down from 5.83 million carats during the same period in
