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
IIJS Signature 2026: Setting the Tone for a Confident Indian G&J Ind.
Mumbai: (By Suresh Chotai) As the global jewellery industry navigates shifting consumer preferences, geopolitical uncertainties, and evolving supply dynamics, India continues to stand tall as a resilient, design-led, and manufacturing-driven powerhouse. IIJS Bharat Signature 2026, organized by the Gem & Jewellery Export Promotion Council (GJEPC), is poised to open the year (from 8th to 12th Jan) with renewed optimism, strategic
Paul De Wachter Named as CEO, HRD Antwerp
Mumbai: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter is to take charge as CEO from January 5, 2026. As CEO, he is tasked with
Mallikarjuna Reddy Yarabolu Named as MD of Forevermark India
London: De Beers Group has named retail veteran Mallikarjuna Reddy Yarabolu as Managing Director of Forevermark India, effective January 2026. With over 20 years of experience across fashion, retail and luxury, Yarabolu is expected to drive growth and deepen Forevermark’s presence in the evolving Indian jewellery market. De Beers Group has announced the appointment of Mallikarjuna Reddy Yarabolu as Managing
Cautious Optimism to Prevail Over the Industry in 2026
Mumbai: (By Akash Talesara): As someone closely associated with the diamond and jewellery industry, I view 2025 as a year of stabilization, recalibration and disciplined execution. While the sector demonstrated resilience across key markets, certain external factors, particularly trade-related developments had a tangible impact on overall performance. Performance in 2025: The year 2025 was largely characterized by consolidation and gradual recovery.
