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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Size of UK Jewellery Industry to Rise by 2.1%
London: A New research published by 77 Diamonds shows that the size of the United Kingdom (UK) jewellery manufacturing industry is set to increase by 2.1% by the end of 2026, with total market revenue forecast to exceed £1 billion for the first time since 2023. 77 Diamonds has analysed historical data on the estimated annual revenue of the UK
GJC Submits Jeweller-Integrated Framework for GMS
Mumbai: All India Gem and Jewellery Domestic Council (GJC) has been actively engaging with senior officials of the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) to advance a comprehensive revamp of the Gold Monetization Scheme (GMS). GJC has submitted a refined, jeweller-integrated framework for GMS, developed through structured stakeholder consultations across the banking, refining, and jewellery sectors. The
India’s New Shopping Mindset, Before You Buy Gold, #PehlaCheckIAGES
Mumbai: Indian consumers are being given the choice to make more informed decisions while buying gold. The efforts of Indian Association of Gold Excellence and Standards (IAGES), a self-regulatory organization created by the gold industry, is beginning to see the fruits of the groundwork it has put, into encouraging a shift in the gold-buying mindset of people with its pan
De Beers Diamond Output Rises 17% in Q1 2026
London: De Beers Group reported a 17% rise in rough diamond production to 7.1 million carats in Q1 2026, driven by higher volumes from Canada and South Africa. The increase was operational. Canada recorded the sharpest growth, with production rising to 1.0 million carats, up 163% on planned ore release from Gahcho Kué. South Africa output surged 53% to 0.7
Time for Expanding Conflict Diamonds Definition: WDC
Moscow: Speaking to the full assembly of delegates during the Opening Session of the 2021 Kimberley Process (KP) Plenary, World Diamond Council (WDC) President Edward Asscher has reasserted the need for Kimberley Process members to agree to expand the conflict diamond definition in order to support long-term consumer confidence. Mr. Asscher noted that the Plenary was taking place at a
Jewellery Sales of Rs 7,500 Crores on Dhanteras
Mumbai: Jewelers in India saw sales worth Rs 7,500 crores and around 15 tonnes of gold jewellery were sold on the Dhanteras festival. This includes an estimated sale of Rs 1,500 crore in Maharashtra, Rs 1,000 crore in Delhi, Rs 600 crore in Uttar Pradesh and Rs 2,000 crore in South India, besides other states of the country, as per
CIBJO Releases New Retailers Reference Guide
Milan: With the 2021 Virtual CIBJO Congress nearing the end of its first week, the World Jewellery Confederation has launched a new website, which will serve as the platform of the second edition of the CIBJO Retailer’s Reference Guide, the valuable in-store resource for sales staff in retail jewellery outlets. Comprehensively updated, the Guide is being made available in interactive
India-Thailand to Revive Bilateral G&J Trade
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) hosted the 12th India Global Connect with Thailand on 28th October with an aim of exploring the untapped potential in the gem and jewellery sector. So far GJEPC had successfully organised India Global Connect e-meetings with the UK, Colombia, Switzerland, Angola, Oman, Singapore, Morocco, Saudi Arabia, UAE, Hong Kong and Qatar.
