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
Risk of Deception while Buying Diamond Jewellery
Antwerp: During a public event today at Antwerpen-Centraal railway station, the diamond industry body Antwerp World Diamond Centre (AWDC) raised awareness among passers-by about the risk of deception by jewelers when purchasing diamond jewelry. A lack of consumer knowledge about the difference between natural and synthetic diamonds makes them vulnerable to malpractice. During the initiative, passers-by could have their diamond
GJEPC Organized IJEX FAM Programme
Dubai: The five-day Familiarization (FAM) Program by GJEPC’s India Jewellery Exposition Centre (IJEX), Dubai, provided Indian jewellery exporters with comprehensive insights into the Middle East market, focusing on regional dynamics, consumer preferences, and retail environments across the UAE. The 6th batch of the IJEX FAM Programme, initiated and facilitated under GJEPC’s Export Mentorship Programme (EMP), delivered a structured five-day immersion
Augmont Launches SPOT 2.0 for Efficient Business
Mumbai: Augmont, India’s Gold Platform has announced the launch of SPOT 2.0 — an improved trading platform application that consolidates every Augmont product and service into a single, secure, and intuitive interface. Designed specifically for jewellers, manufacturers, and retail customers, SPOT 2.0 replaces the fragmentation of multiple tools under a unified platform that puts the entire bullion trading ecosystem offered by Augmont
Lukson Jewels Grows with 25% Month on Month Expansion
Mumbai: Lukson Jewels, India’s emerging lab grown diamond (LGD) jewellery brand founded by third generation diamantaire Anand Lukhi, is witnessing accelerated growth as demand for conscious luxury and everyday fine jewellery rises among Millennial and Gen Z consumers. Backed by the 34-year legacy of the JK Star Group, the brand continues to strengthen its position within the evolving fine jewellery
Jewelers of America Postpones Gem Awards
New York: The Jewelers of America (JA) trade group has pushed off its 2022 GEM Awards gala due to the rapid spread of the Covid-19 Omicron variant across the US. The event, which was due to take place on January 14 in New York, is now scheduled for March 18 at the same location, the JA said Wednesday. “With Omicron moving
10th Sales Cycle of De Beers Generates $332 Mln.
Gaborone: De Beers reported sales of $332 million for the 10th and final sales cycle of 2021 compared with sales of $438 million for the preceding 9th cycle and $452 million in the 10th cycle of 2020. Mr. Bruce Cleaver, CEO of the De Beers Group, said, “Rough diamond demand and midstream sentiment continued to be positive in the final
Nadja Swarovski Steps Down from the Company
London: Nadja Swarovski, a member of the Swarovski executive board and chair of the Swarovski foundation, has stepped down from the company, effective from the end of December. Having joined the family business in 1995, Nadja Swarovski became the group’s first female member of the executive board and built partnerships with more than 200 leading designers in the fields of fashion, jewellery,
India’s CPD Exports Continue to Grow
Mumbai: The overall gem and jewellery exports for November 2021 witnessed a decline of 7.65% to US$ 2384.95 million (declined 3.72 % in rupee terms to Rs. 17784.92 Crore) as compared to US$ 2582.39 million (Rs. 18471.31 Crore) in November 2019. The decline was expected due to break in manufacturing activity during Diwali. However, for the period of April to November 2021,
