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Israel’s Diamond Industry Under Severe Pressure
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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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‘Quantum Couture’ is the Theme for Artisan Awards 2026
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has officially announced the theme for the prestigious Artisan Jewellery Design Awards 2026, “Quantum Couture – Re-Engineering Beauty and Cultural Codes.” Launched as a call to push boundaries, the 2026 edition invites designers to move beyond convention and create wearable art for a radically evolving world—where jewellery design, legacy and technology
GJEPC Proposes Pre-Budget Recommendations
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body representing India’s gem and jewellery sector, has proposed its pre-Budget recommendations to Hon’ble Finance Minister Smt. Nirmala Sitharaman, outlining key policy measures to boost India’s export competitiveness, enhance ease of doing business, and support the industry’s resilience amid global headwinds. India’s gem and jewellery exports, valued at USD
Platinum Jewellery Shines at Golden Glob Awards
Mumbai: Platinum jewelry played a defining role in many of the most memorable red-carpet looks at the 83rd Annual Golden Globe Awards. Chosen for its naturally white luster, exceptional strength, and ability to securely showcase diamonds and colored gemstones, platinum once again proved why it remains the foundation of fine jewelry at the world’s top awards shows. Celebrities and their
Forevermark Diamond Jewellery Opens Store in Mumbai
Mumbai: Forevermark Diamond Jewellery marked a defining milestone in its India journey with the grand opening of the world’s largest flagship store by De Beers Group in Mumbai. Located at Crest Link, Khar West, at the heart of Linking Road, the nearly 5,000 sq. ft. store reflects the brand’s long-term commitment to Indian consumers seeking meaningful, design-led luxury. The marquee
Dubai Diamond Conference on 21st Feb
Dubai: The Dubai Multi Commodities Centre (DMCC) announced that it would be hosting the 5th edition of its Dubai Diamond Conference (DDC 2022) with the support of leading industry organisations on 21 February 2022 at Atlantis, The Palm, Dubai, with the theme ‘The Future of Diamonds’. The DDC 2022 will be held with the support of three Platinum Sponsors –
Israeli Diamond Trade Sees Rapid Recovery in 2021
Ramat Gan: The Israeli diamond industry (IDI) showed an impressive recovery during 2021, and even surpassed the figures for 2019, according to import and export data published by the Israel Diamond Controller of the Ministry of Economy and Industry. During 2021, net polished diamond exports totalled $3.65 billion, an increase of 54% compared to 2020, and 7.5% compared to 2019.
CIBJO General Assembly in Vicenza Postponed
Milan: CIBJO, the World Jewellery Confederation, has announced that the gathering of its General Assembly, which had been scheduled to take place in Vicenza, Italy, on January 24 and 25, has been postponed to Thursday, March 17, and Friday, March 18. It will be held at the same venue. The announcement comes after the Italian Exhibition Group (IEG), which will
New Method of Setting Diamonds Invented
Saskatoon (Canada): A diamond cutter based in Prince Albert believes he has developed a new method of setting diamonds that will revolutionize the jewellery industry, according to a report published in ckom.com. Ten years ago, Mike Botha and New Zealand jeweller Ian Douglas set out to develop a new design to hold solitaire diamonds without the use of prongs and
