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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Sierra Leone Optimistic about Diamond Trade
Ramat Gan: Sierra Leone President Ernest Bai Koroma spoke optimistically of the nation’s future in the diamond industry on a visit to the Israel Diamond Exchange (IDE). “Even though the alluvial diamond deposits [in Sierra Leone] are shrinking, there are still diamonds in kimberlite pipes which could be mined,” President Koroma was cited as saying in a note on the
ALROSA’s Diamond Resources Decline
Moscow: ALROSA’s rough diamond resources fell 4 percent to 1.03 billion carats as at July 1, 2016, the Russia-based miner reported. Back on January 1, 2015, the resources stood at 1.08 billion carats. Both assessments were carried out in accordance with a code outlined by the Joint Ore Reserves Committee (JORC), the Australasian guidelines for reporting mineral resources and ore
GJEPC Wishes 5% Import Duty on Gold
Mumbai: To curb grey market and boost the organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is expecting Finance Minister Arun Jaitley to reduce the import duty on gold to around 5 per cent in the upcoming Union Budget. “We are expecting the Finance Minister to reduce the import duty on gold to up to 5 per cent
PNG Jewellers Inaugurates Science Lab
Mumbai: Parag Gadgil, Executive Director, PNG Jewellers along with other dignitaries inaugurated science labs in the Secondary school of the Ajivali village in Mawal taluka of Pune District on 6th January, 2017. Additionally, PNG Jewellers has also constructed toilets for the primary school in Shillim village. The corporate social responsibility initiative by PNG Jewellers Pvt Ltd was started last year
IAGES Brings Together Accredited Gold Ind. Stakeholders at Trust Circle
New Delhi: The Indian Association for Gold Excellence and Standards (IAGES) hosted its Trust Circle 2026 event at The Oberoi, New Delhi, bringing Accredited Partners and stakeholders from across the gold value chain together for an evening centred on trust, transparency and responsible practices in the sector. The event drew representatives from diverse segments of the gold ecosystem, including refining,
NGS, De Beers Renew Okavango Eternal Partnership
New York: The National Geographic Society (NGS) and De Beers Group have announced the renewal of the Okavango Eternal partnership for an additional five years, reaffirming their commitment to the long-term protection of the Okavango River Basin (“the Basin”) and to conservation-related livelihood opportunities for the people who live there and help steward it. One of Africa’s most vital wetland
Anera Silver Opens its First Store in Bengaluru
Bengaluru: Anera Silver by Kushals announced the opening of its first store in Bengaluru’s HSR Layout on 26thSeptember, marking the beginning of an ambitious retail journey for the newly launched jewellery brand. Founded by Kalpesh Gulechha, Anera Silver has been createdwith a clear point of view to build a jewellery destination where design, craftsmanship, collections and the overall experience take
Natural Diamond Council Becomes ‘The Diamond Collective’
Mumbai: The Natural Diamond Council (NDC) now becomes ‘The Diamond Collective’ unveiling a new global strategy to reconnect natural diamonds with culture, strengthen consumer confidence and drive long-term relevancy. Shaped by new CEO Amber Pepper following six months of consultation with producers, retailers, brands, creatives and consumers, the strategy responds to a fundamental shift in how people discover, value and
