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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IDI Launches Rock en’Roll Campaign to Spur Sales
Ramat Gan: The Israel Diamond Institute (IDI) launched a campaign on 1st December that offers discounts of up to $200 to buyers of Israeli diamonds from qualified sellers. Titled Rock en’Roll, the campaign is intended to boost the already robust Israeli diamond sales during the holiday period, as per a press release from IDI. The program offers buyers a discount
Physical Show of Vicenzaoro Planned in Jan 2022
Vicenza: Italian Exhibition Group S.p.A. (IEG) is organising Vicenzaoro January at the Vicenza Expo Centre from 21st to 26th January 2022. With the support of the Ministry of Foreign Affairs and International Cooperation and ITA, the Italian Trade Agency, the show will welcome international visitors, exhibitors, buyers and traders from various countries around the world, especially from Europe and the
BIS-Registered Jewellers Nearly Triple in India
Mumbai: Since the Government of India made gold jewellery hallmarking mandatory in mid-June this year, the number of jewellers registered with the Bureau of Indian Standards (BIS) has nearly tripled (+187%) from 43,153 in June 2021 to 1,24,034 as of 15th November, according to data available with the Gem & Jewellery Export Promotion Council (GJEPC). This compares with a 3%
WGC Members Contributed $38bn to Local Economies
Mumbai: A new report by the World Gold Council (WGC) highlights the role of its members, many of the world’s most forward-thinking gold mining companies, in contributing to socio-economic development in the countries and communities where they operate. Collectively, WGC member companies contributed$37.9bn to the GDP of the countries where they operate in the form of taxes, salaries and payments
‘Advanced Leadership Programme in Gold Entrepreneurship’
Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), announced the launch of the Advanced Leadership Programme in Gold Entrepreneurship, developed jointly with SPJIMR (Bharatiya Vidya Bhavan’s S. P. Jain Institute of Management & Research). The six-month executive programme is designed to build a new generation of professionally trained leaders for India’s gold and jewellery industry, combining SPJIMR’s academic
Did Natural Diamond Ind. Misjudge LGD Threat?
The natural diamond industry is finally confronting a question it perhaps should have asked much earlier: Did it underestimate the speed, scale and nature of the laboratory-grown diamond (LGD) revolution? For years, laboratory-grown diamonds (LGDs) were treated by much of the natural diamond industry as a niche product—an inexpensive alternative with limited appeal to serious jewellery consumers. The assumption was
India’s G&J Exports Rise 2.44% in April–July 2026
Mumbai: India’s gross gems and jewellery (G&J) exports for the April–July 2026 period stood at US$ 9.17 billion (Rs. 87,078.01 crore), registering 2.44% growth in US Dollar terms and 13.58% growth in Rupee terms over the corresponding period last year, according to figures provided by Gem & Jewellery Export Promotion Council (GJEPC). The growth has been led by value-added segments.
Russia Plans Europe’s Largest Diamond Cutting Cluster
Moscow: Russia is planning to create the largest cluster of diamond-cutting facilities in Europe, in a move aimed at retaining more value from its stones. The cluster will combine Alrosa’s Kristall cutting plant in Smolensk with facilities in the Republic of Sakha (Yakutia), Russia’s main diamond-producing region. President Vladimir Putin formalized the plan in an executive order signed August 6.
