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
Alrosa Extends its Existing Rough Supply Contracts
Moscow: Alrosa extended its existing rough diamond supply contracts through Q2 2021 after a thorough analysis of the market situation and its clients’ needs, as part of the preparation of new three-year arrangements. The company said the adaptation of its supply to real demand is aimed at ensuring support for an emerging supply demand balance. During Q1 2021, Alrosa hosted
Distinguishing the Afghan Emeralds from Others
Basel: The first detailed study characterising an emerald type from Afghanistan that has recently become available in the gemstone trade has been prepared by a team of scientists from the Swiss Gemmological Institute SSEF, and published in the most recent edition of Journal of Gemmology. One of the challenges posed by such emeralds is that they are on occasion mislabeled
Jonathan Kendall Appointed Executive VP of CIBJO
Milan: CIBJO, the World Jewellery Confederation, has announced the appointment of Jonathan Kendall as the association’s Executive Vice President. His nomination was tabled by CIBJO President Gaetano Cavalieri and approved by the CIBJO Board of Directors. Long active in CIBJO, Jonathan has served for years as President of the Confederation’s Marketing & Education Commission, authoring a series of guides on
GJEPC Holds Discussions With E. Region Stakeholders
Kolkata: Mr. Colin Shah, Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC), held a series of meetings in Kolkata last week and discussed issues related to gem and jewellery exports with stakeholders from the Eastern Region. In an interactive session with Rajiva Sinha, Chairman, West Bengal Industrial Development Corporation Ltd. (WBIDC), Mr. Shah discussed the issue of placing
Gold Smuggling Arrests Jump 750% YoY in India
Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have
