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 $2 million and barring the
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GJSCI Creates Pathway for World Skills Comp.
New Delhi: Sanjoy Pramanik, Asrof Jamal and Sweta Singh won the India Skill 2016 for Gems and Jewellery category that was hosted at Pragati Maidan, New Delhi. The winners who were trained and coached by GJSCI won the prize money of Rs. 1,00,000 , Rs. 75,000 and Rs. 25,000 respectively and the prize was given away by Mr. Rajiv Pratap
Willful Defaulters Owe INR 76,685 Crore to Banks
New Delhi: As many as 8,167 willful defaulters owe banks Rs 76,685 crore and 1,724 FIRs (first information report) have been filed against them last year, union finance minister Arun Jaitley told Rajya Sabha yesterday. Replying to a question on poor conviction rate of willful defaulters by Congress leader Digvijay Singh, Jaitley said that a Joint parliamentary committee (JPC) is
Forevermark Targets 210 Doors by 2016
Mumbai: “India is one of the most important, growing markets for De Beers and Forevermark – with doors currently at 170 with an end of year growth target of 210. Over the past 5 years Forevermark has expanded its presence to 28 cities across India. We are proud to say that our offering has been well received by the educated,
India’s Polished Diamond Exports Flat in June
Mumbai: Exports of cut and polished diamonds from India remained virtually flat in June 2016, dropping by a marginal 0.38%, year-on-year. The country exported US$ 1.846 billion worth of goods as compared to the US$ 1.853 bn in the same month a year ago, according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). Gold
IIJS Bharat Premiere 2026 Strengthens Nepal Buyer Outreach
Kathmandu: India’s Gem & Jewellery Export Promotion Council (GJEPC) expanded its international buyer outreach for IIJS Bharat Premiere 2026 with a comprehensive roadshow across Nepal, engaging leading jewellery associations, trade bodies and retailers to drive visitor registrations for the show. Led by Ajay Purohit, Deputy Head – International Events, GJEPC, the outreach programme covered Kathmandu, Lalitpur, Pokhara and Chitwan, where
First Pre-CIBJO Congress Special Report
Milan: With nine weeks to go to the opening of the 2026 CIBJO Congress in Vicenza, Italy, on September 4, 2026, the first of the pre-congress Special Reports has been released. Prepared by the CIBJO Sustainable Development Commission, headed by John Mulligan, the report considers both the challenges and opportunities presented to the jewellery industry as government regulations concerning social
Gold Faces Pivotal H2 as Geopolitical Risk
New York: After a volatile start to the year, gold now faces a pivotal second half that will be shaped by unpredictability from geopolitics, rates, and investor sentiment, according to the Gold Mid-Year Outlook 2026 released by the World Gold Council (WGC) recently. Gold set more than 12 all-time highs and reached a record US$5,405/oz in late January before pulling
Nearly 80% of Belgian Diamond Traders Pass First-Ever Anti-Money Laundering Exam
Antwerp: For the very first time, the Belgian FPS Economy and the Antwerp World Diamond Centre (AWDC) organized a large-scale anti-money laundering (AML) exam for Belgian diamond traders. The sector delivered strong results, with nearly 80%of the 196 participants passing the test. The exam, which assesses knowledge of Belgian AML obligations, is part of broader efforts to further strengthen compliance
