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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Customs Export-Import Facilitation Centre at SEEPZ-SEZ Inaugurated
Mumbai: India’s Minister of State for Commerce & Industry Mr. Jitin Prasada inaugurated the Customs Export-Import Facilitation Centre (CEIFC) at SDF-VIII in SEEPZ-SEZ, Mumbai, on 19 June 2026, marking a significant step towards strengthening trade facilitation within the export zone. The inauguration was hosted by Mr. Dnyaneshwar B. Patil, IAS, Zonal Development Commissioner, SEEPZ-SEZ. Senior officials present included Mr. Mayur
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
DPA Announces Senior Positions
New York: The Diamond Producers Association (DPA) has announced the appointments of Stephen Lussier as Chairman, Jim Pounds as Vice Chairman and Jean-Marc Lieberherr as Chief Executive Officer, all with immediate effect. Stephen is Executive Vice President of Marketing at The De Beers Group of Companies, as well as Chief Executive Officer of its Forevermark brand. Jim is Executive Vice
Venezuela May Resume Diamond Trading
Caracas: The UAE is thought to be likely to back Venezuela’s potential return to diamond trading, after DMCC chairman Ahmed Bin Sulayem held a number of meetings in the country, according to a report in The National newspaper. Bin Sulayem, the current chairman of the Kimberley Process, has been in Venezuela to examine ways that the country can resume diamond
Botswana Diamond Exports Fall by 38%
Gaborone: Diamond exports from Botswana mines fell 38 percent to a seven-year low in 2015 as a slump in global market impacted both demand and prices. According to statistics published by the Bank of Botswana yesterday, the value of exports from the major diamond mines in Botswana fell to $2.4 billion (P28.5 billion) in 2015 from $3.9 billion (P45.6 billion)
GJSCI Signs MOU with Maharashtra Government
Mumbai: Gem & Jewellery Skill Council of India (GJSCI) has signed a Memorandum of Understanding (MOU) with Maharashtra State Skill Development Society (MSSDS) on 8th February 2016. The MOU was signed in the presence of Chief Minister of Maharashtra Mr. Devendra Fadnavis. Through this MOU the signatories Mr. Prem Kumar Kothari, Chairman – GJSCI and Mr. S. S. Sandhu, Principal
