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
De Beers Shares Latest Research on US Consumer Trends
London: Natural diamonds are the most desired luxury jewellery product, average purchase prices have increased 25%, Gen Z is now the second largest generation buying diamonds, and non-bridal occasions account for three-quarters of overall US demand. These are some of the key findings of De Beers Group’s latest US Diamond Acquisition Study, featuring responses from 18,500 women aged 18 –
FTAs Offer Immense Export Opportunity for Indian Jewellery
Jaipur: The Department of Commerce, Ministry of Commerce & Industry, Government of India recently organized a focused outreach programme on “Leveraging FTAs for the Gems & Jewellery (G&J) Sector” in Jaipur, in partnership with the Gems & Jewellery Export Promotion Council (GJEPC). Exporters, manufacturers, MSMEs and other industry stakeholders participated in the programme. The workshop is part of the Government’s
Golconda & Ancient Diamonds: A Historical Perspective
Singapore: On the third day of 41st World Diamond Congress, on July 15, distinguished jewellery historian and author, Dr. Usha Balakrishnan, of Mumbai, India, will be presenting a lecture entitled “Golconda and Ancient Diamonds – A Historical Perspective. ” “For nearly 2,000 years, every diamond the world had ever seen came from a mystical land, now known as India. These
Call for African Unity to Defend Natural Diamond Industry
Freetown, Sierra Leone: Against a backdrop of mounting concern over the future of Africa’s diamond sector, ministers from leading diamond-producing nations convened in Freetown, Sierra Leone, on May 20, 2026, to address a challenge that is rapidly transforming the global jewellery landscape—the growing dominance of laboratory-grown diamonds. A key voice at the Council of Ministers meeting of the African Diamond
Baselworld Cancels 2022 Show
The show last took place in 2019, has been hit by the wholesale departure of high-profile names exhibitors, the launch of a rival event by Rolex, Patek Philippe, and others, and Covid-related postponements and cancelations. The show, which dates back to 1917 has also flip-flopped on its identity, ditching the Baselword name in favor of HourUniverse, then switching back to
Diamond Output to be 25% Below Pre-Pandemic Levels
Moscow: Alrosa said revenue in Q3 2021 amounted to RUB 77 billion, down 18% quarter-on-quarter (qoq) driven by a 20% lower diamond sales volumes and changes in the sales mix. This was partially offset by a higher price index (+10% qoq). The company’s Q3 revenue grew 55% year-on-year due to the low base of Q3 2020 (rough diamond sales of
India's Policy will Make India Gold Trading Hub: GJEPC
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has been spearheading brainstorming and multi stakeholder discussions at structural policy reforms of India’s bullion sector. It helped the Govt. to understand the opinion of the stakeholders from three previous editions of its annual India Gold & Jewellery Summit (IGJS). In the backdrop of the same, the 4th edition of IGJS
Russia, Belgium Sign MoU on KP Certificates
Moscow: Russia and Belgium signed a memorandum of understanding (MoU) on the electronic exchange of the Kimberley Process (KP) Certificates. The signing took place on the sidelines of the KP Plenary session, attended by the Federal Customs Service of Russia and the Federal Public Service Economy of Belgium. The memorandum will accelerate the turnover of diamond products between business partners
