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 $2 million and barring the
Top News
Nadja Swarovski Steps Down from the Company
London: Nadja Swarovski, a member of the Swarovski executive board and chair of the Swarovski foundation, has stepped down from the company, effective from the end of December. Having joined the family business in 1995, Nadja Swarovski became the group’s first female member of the executive board and built partnerships with more than 200 leading designers in the fields of fashion, jewellery,
India’s CPD Exports Continue to Grow
Mumbai: The overall gem and jewellery exports for November 2021 witnessed a decline of 7.65% to US$ 2384.95 million (declined 3.72 % in rupee terms to Rs. 17784.92 Crore) as compared to US$ 2582.39 million (Rs. 18471.31 Crore) in November 2019. The decline was expected due to break in manufacturing activity during Diwali. However, for the period of April to November 2021,
Banks Recover ₹ 13,100 Crore from Wilful Defaulters
New Delhi: Finance Minister Nirmala Sitharaman yesterday said that banks have recovered ₹ 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi. She said this while replying to a discussion on the second batch of Supplementary Demands for Grants which was approved by the Lok Sabha amid uproar by the Opposition over various issues. The Supplementary
Piyush Goyal Lays Foundation of Mega CFC at Seepz
Mumbai: Honourable Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles Mr. Piyush Goyal laid foundation stone for Mega Common Facility Centre (CFC) at Santacruz Electronic Export Processing Zone Special Economic Zone on Saturday in the presence of Mr. Colin Shah, Chairman GJEPC and Mr. Shyam Jagannathan, The Zonal Development Commissioner SEEPZ, SEZ along with
‘Know Your Diamonds-From Basics to Boosting Sales’
Chandigarh: HRD Antwerp, in collaboration with the Johari Association Chandigarh, successfully hosted an exclusive retailer seminar recently titled “Know Your Diamonds – From Basics to Boosting Sales” at The Piccadily Chandigarh. The seminar witnessed strong participation from jewellery retailers across Chandigarh, who gathered to gain deeper insights into diamonds, certification, and modern retail selling strategies.3 Key Takeaways from The Seminar:
Size of UK Jewellery Industry to Rise by 2.1%
London: A New research published by 77 Diamonds shows that the size of the United Kingdom (UK) jewellery manufacturing industry is set to increase by 2.1% by the end of 2026, with total market revenue forecast to exceed £1 billion for the first time since 2023. 77 Diamonds has analysed historical data on the estimated annual revenue of the UK
GJC Submits Jeweller-Integrated Framework for GMS
Mumbai: All India Gem and Jewellery Domestic Council (GJC) has been actively engaging with senior officials of the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) to advance a comprehensive revamp of the Gold Monetization Scheme (GMS). GJC has submitted a refined, jeweller-integrated framework for GMS, developed through structured stakeholder consultations across the banking, refining, and jewellery sectors. The
India’s New Shopping Mindset, Before You Buy Gold, #PehlaCheckIAGES
Mumbai: Indian consumers are being given the choice to make more informed decisions while buying gold. The efforts of Indian Association of Gold Excellence and Standards (IAGES), a self-regulatory organization created by the gold industry, is beginning to see the fruits of the groundwork it has put, into encouraging a shift in the gold-buying mindset of people with its pan
