We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
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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
Resilient Growth for Platinum Jewellery in 2025
Mumbai: Platinum Guild International (PGI) presented its annual Platinum Jewellery Business Review (PJBR) in an online presentation, themed “A year of resilience”. The review set out platinum jewellery demand across key markets in 2025 and the outlook for 2026, describing an exceptional year for platinum jewellery that was best characterized as a year of resilience. Mr. Tim Schlick, CEO of PGI, reviewed
GJEPC Charts $100 Bln. Export Vision for India’s G&J Sector
New Delhi: Mr. Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), was invited to attend the meeting organized with selected representatives of various industry sectors that contribute majorly to India’s merchandise exports chaired by Hon’ble Prime Minister Mr. Narendra Modi at New Delhi, on 3rd November 2025. Mr. Kirit Bhansali was representing the Gems & Jewellery sector that contributes 7%
Registrations for CIBJO Congress Now Open
Milan: Registrations for the 2026 congress of the World Jewellery Confederation (CIBJO) via the dedicated congress website located at: www.cibjo.org/congress-2026/ are now open. The congress will take place in Vicenza, Italy, from Friday, September 4, 2026, through Monday, September 7, 2026. The milestone event has been declared the Centenary Congress, and it will mark 100 years since CIBJO’s establishment in 1926.
World Diamond Congress from 12 to 15th July in Singapore
Singapore: As the Organizing Committee of the 41st World Diamond Congress (WDC) is finalizing the preparations for World Diamond Congress to be held for the second time in the Island City. The Congress venue has been moved from Marina Bay Sands to the iconic, eco-chic PARKROYAL COLLECTION Marina Bay hotel . “This venue offers a more intimate, sophisticated, and beautifully sustainable setting for our
Lucara Recovers Historic 1,111 Carat Diamond!
Vancouver: Lucara Diamond Corp. has announced the recovery of a 1,111 carat gem quality, Type IIa diamond. According to their press release, “The magnificent stone, which originated from the south lobe of Lucara’s Karowe Mine [in Botswana], is the world’s second largest gem quality diamond ever recovered and the largest ever to be recovered through a modern processing facility. The
UAE Responds to KP Civil Society Boycott
Dubai: The United Arab Emirates (UAE) has responded to yesterday’s announcement by the Kimberley Process Civil Society Coalition that it will be boycotting the Kimberley Process (KP) in 2016 owing to the chairmanship of the UAE. According to a press release from Partnership Africa Canada, the 11 Coalition members said the chairmanship crossed a “red line” due to widespread concerns
DPA Announces Marketing Agency
Gaborone: The Diamond Producers Association (DPA) has appointed Mother New York as its global strategic marketing partner. Mother New York will work with the DPA and recently appointed managing director of marketing Sally Morrison on a new campaign that will make diamonds relevant to the next generation, a statement said. “We were impressed with Mother New York’s deep understanding of
Gemfields’ 1Q Emerald Production Jumps 10%
London: Colored gemstone miner Gemfields reported emerald and beryl production from its Zambian subsidiary Kagem Mining Limited jumped to 7.5 million carats in the first quarter to September 30, a 19 percent surge from a year ago. The average grade rose 11 percent to 237 carats per tonne. Revenue from its predominantly higher-quality rough emerald auction in Singapore in September
