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
BDB Pays Tribute on International Holocaust Remembrance Day
Mumbai: the Bharat Diamond Bourse (BDB) solemnly paid homage yesterday to the millions of Jewish lives brutally taken during World War II, marking International Holocaust Remembrance Day at the historic Keneseth Eliyahoo Synagogue in Mumbai. This global day of remembrance commemorates the liberation of Auschwitz- Birkenau and honors the memory of the six million Jews and countless others who were
India Should Focus on Incremental Changes in KP
Mumbai (By Suresh Chotai): More than two decades after the Kimberley Process (KP) was born, the diamond industry still faces an uncomfortable truth: the global system designed to keep “Conflict diamonds” out of the market is stuck in the past. The Kimberley Process defines conflict diamonds narrowly—stones used by rebel movements to finance wars against legitimate governments. That definition made
EU Eliminates Duty on Indian G&J Imports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the elimination of import duties on Indian gem and jewellery products under the India-EU Free Trade Agreement (FTA). This removes 2-4% duties on precious jewellery, unleashing huge export potential with the 27-member EU bloc—home to the world’s elite buyers. India’s gem and jewellery (G&J) exports accounted for USD 30
Paola De Luca Holds Masterclass on Artisan Awards 2026 Theme ‘Quantum Couture’
Mumbai: Paola De Luca, a globally recognised jewellery trend forecaster and Founder of The Futurist LLC, led an online masterclass on 23 January that drew over 200 participants, helping designers interpret Quantum Couture, the theme for The Artisan Jewellery Design Awards 2026. Curated as a preparatory session ahead of submissions, the masterclass explained how the theme, Quantum Couture – Re-Engineering Beauty and Cultural Codes,
GJEPC Postpones IIJS Tritiya
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) announced to voluntarily postpone the IIJS Tritiya 2022, the third IIJS, to March, 2023. The organizer GJEPC said, “Being a responsible body and responding to the pleas from some members and trade associations in India, and in the interest of the Indian jewellery industry, we have taken the decision!” Mr. Colin
WFDB Presidents' Meeting Concluded
Dubai: The World Federation of Diamond Bourses (WFDB) concluded a very successful Presidents’ Meeting at the DMCC in Dubai last week, during which the organization adopted a resolution in support of social responsibility, transparency, compliance and full disclosure. This was also the first time that representatives of the Young Diamantaires were invited to join the Executive Committee meeting and Working
De Beers Recovers from Loss
London: De Beers turned a 2020 loss of $102m into a profit of $345m last year, as the post-Covid recovery continued. The loss in 2020 was the first since 2008. Profit in pre-pandemic 2019 was $45m. Rough production during 2021 increased by 29 per cent year-on-year to 32.3m, said parent company Anglo American in financial results announced. Total revenue increased
Angola Considering to Build Second Diamond Hub
Dubai: Angola is considering building a second diamond in Lunda Norte Province once vacancies are filled at the Saurimo hub, according to media reports. Mineral resources minister Diamantino Azevedo was quoted as saying at the just ended Dubai Diamond Conference that the hub and the country’s diamond sector were open to international investments. The Saurimo hub, also in Lunda Norte
