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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WDC’s 2020 AGM Focuses on Latest KP Developments
New York: Members of the World Diamond Council (WDC) assembled for the organization’s Annual General Meeting on October 19, 2020, joined by invited guests, among them representatives of the governments involved in the Kimberley Process and members of civil society. In contrast to previous WDC AGMs, this gathering was not held in person but rather by videoconference, a consequence of
India’s H1 G&J Exports Drop 43% to $8.48 Billion
Mumbai: India’s overall gross exports of gems and jewellery during April-September 2020 declined 43% to $8.48 billion compared with $14.87 billion in the corresponding period a year ago. In the same six-month period, the overall gross imports of gems and jewellery dropped 52% to $4.23 billion as compared to $8.89 billion in the previous year, reports Gem and Jewellery Export
IDE to Hold Rio Tinto Tender from 25th Oct
Ramat Gan: The Israel Diamond Exchange (IDE) will hold a tender of rough diamonds by Rio Tinto from October 25 – 28, 2020 in the IDE International Tender Center. On offer are a unique collection of large (+10.8 Ct), high quality Specials and Fancy Colored rough diamonds, originating from the Argyle, Diavik and Murowa mines. The goods will be offered
Rio Tinto Diamonds Dazzle in Rough Diamond Tender
Perth: A selection of the finest rough diamonds from Rio Tinto’s Canadian and Australian mines will be tendered to diamond specialists from around the world in October and November. Headlining Rio Tinto’s forthcoming “Specials” Tender, which showcases rough diamonds greater than 10.8 carats, is Lot number 1, Diavik Helios, a 74.48 carat Fancy yellow diamond. The Diavik Helios takes its
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
