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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Antwerp’s Diamond Trade Increased by 20% in Q1
Antwerp: According to figures from the Antwerp World Diamond Centre (AWDC), the total volume of diamonds traded in Antwerp increased by nearly 20% in the first quarter of 2026 compared to the same period last year. The import of rough diamonds in particular saw strong growth, with a 35.7% increase in volume. In terms of total trade value, the trading
India Govt. Includes Jewellery in FTWZ
New Delhi: In a significant policy clarification, the Government of India has brought jewellery under the ambit of Free Trade Warehousing Zones (FTWZ), extending the scope of the existing framework governed by the SEZ Rules, 2006. Under a Circular dated 3rd March 2016, FTWZ units were already permitted to undertake storage and vaulting of precious commodities such as gold, silver,
Sennes Launches its 1st Exclusive LGD Store in Noida
Noida: Backed by the legacy and trust of Senco Gold & Diamonds, Sennes – Senco’s lab-grown diamond (LGD) focused lifestyle brand – announced the launch of its first exclusive store in Noida at Gaur City Mall. This marks Sennes’ 12th store in the country and its debut in the Noida market, further strengthening its presence across key urban centres. Positioned
Botswana Leadership Takes its Place on The World Stage
Gaborone: The Government of Botswana in collaboration with the Diamond Sector, has launched the 60 Years of Diamond Leadership Initiative and unveiled the diamond embedded medals for the Debswana World Athletics Relays Gaborone 26 at the Botswana National Museum. This moment marks a defining shift in Botswana’s diamond journey: from resource extraction to global reputation; from mineral value to public
IDE President Announces New Team
Ramat Gan: Yoram Dvash, the newly elected President of the Israel Diamond Exchange (IDE) announced this week that he had completed his round of appointments of functionaries on the board and of the heads of the IDE committees. The make-up of the IDE Presidium and Board is: Yoram Dvash, President; Yehezkel Blum, Executive Vice President; Shalom Papir, Senior Deputy President;
Dubai Signs MoU
Abu Dhabi: The Ministry of Economy, MoE, and the Dubai Multi-Commodities Centre, DMCC, have signed a Memorandum of Understanding, MoU, to support and enhance cooperation and coordination between the two sides concerning the supervision of import, export and transit of rough diamonds to and from the country, in line with the Kimberly Process Certification Scheme on the international trade of
Russia’s Rough Exports -18% in First 9 Months ’15
Moscow: The Russian Federation exported 20.38 million carats of rough in the first 9 months of 2015, which is 17.6% lower than in the same period of 2014, according to the data based on Kimberley Process certificates published by the Ministry of Finance. Russia’s rough exports reached 5.416 million carats in the third quarter of 2015 (down 28% year-on-year). In
India Set to Have Silver Standard
Mumbai: India is set to have a silver standard, with the launch of the World Silver Council (WSC) by the apex bullion dealers body India Bullion and Jewellers Association (IBJA), reports Business Standard. Despite having millions of silver jewellery and artefacts manufacturers across the country, there has been no benchmark standard till now. This led to ambiguity in trade, as
