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
U.S. Retailer Shuts 250 Stores to Move Online
New York: Women’s apparel chain The Limited has closed all 250 stores and has moved all sales to its online platform, reflecting an increasingly challenging environment for bricks-and-mortar retailers, reports Rapaport. “We’re sad to say that all The Limited stores nationwide have officially closed their doors,” the company, which counts jewellery among its products, said in a notice to customers
Millennials Still Buying Diamonds: Bruce Cleaver
Gaborone: De Beers Group CEO Bruce Cleaver says in an interview that millennials, the under-35 age group, are still purchasing diamond jewellery, albeit smaller pieces since they are typically less affluent than their parents were at the same age. Cleaver told The Associated Press that millennial diamond buyers are not as traditional as their parents. “We find that they self-purchase
Vintage Jewellery Proves Worthy Investment
London: Vintage jewellery has gained more than 80 percent in value in the past decade, with many owners not realizing how much money they are sitting on, U.K.-based auction house Bonhams said. Jewellery from the Art Deco period in the 1920s and 1930s and pieces from the Belle Epoque era from 1890 to 1915 have appreciated 88 percent since 2006,
AGS Introduces ‘Only My Diamond’ Service
New York: The American Gem Society Laboratories (AGS Laboratories) has started a new service called Only My Diamond. The interactive online tool on the AGSLab web site provides an enhancement to AGS Laboratories’ Diamond QualityDocument (DQD) by offering supplementary diamond quality information. The Only My Diamond service includes a downloadable PDF of the Diamond Quality Document (DQD), a video of
Diamonds for Development Fund Receives Initial Funding
Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance
De Beers Reports Lower Q3 Output
London: De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8
New FEMA Guidelines to Exporters Explained
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IndusInd Bank, organized a webinar on 16 October 2026 to explain the revised Foreign Exchange Management Act (FEMA) guidelines and their implications for the gem and jewellery trade. Prakash Kumar Rath, Head – Gems, Jewellery and Diamond Division, IndusInd Bank, addressed key changes under the revised framework, which
India & France Explore New Frontiers in Luxury Jewellery
Paris: India’s Gem & Jewellery Export Promotion Council (GJEPC) brought 17 curated Indian fine jewellery companies to Paris, with the India–EU trade agreement lending fresh momentum to business partnerships, creative exchange and brand-building across France’s luxury ecosystem. The pitch was partnership, not just supply. India is looking to deepen its place in the global luxury conversation—not simply as a leading
