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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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De Beers Launches Beneficiation Project in SA
Gaborone: De Beers, the Government of South Africa and the country’s diamond cutting industry yesterday jointly launched The Enterprise Development Project for Diamond Beneficiators in Johannesburg. The launch was attended by the Deputy Minister of Mineral Resources, Godfrey Oliphant, and the Premier of Gauteng, David Makhura, amongst other dignitaries. The Project aims “to facilitate the transformation and growth of the
Women's Group of WJH with Special Task
Panama: A group of female jewelers, who first joined together during the women’s empowerment session at the Second LATAM Jewelry and Diamond Week at the World Jewelry Hub (WJH) in June, has launched a grass-roots initiative that is designed to communicate their gender’s particular perspective on the way jewelry and gemstones should be marketed. Calling themselves “Mujeres Brillantes” (“Brilliant Women”
More Relief for Indian Jewellers
New Delhi: The Indian Government has decided to increase the small scale unit (SSI) eligibility limit and exemption limit for gold jewellery manufacturers. The decision was taken on the report of the committee appointed under the chairmanship of Ashok Lahiri, former chief economic advisor, in the aftermath of jewellers’ strike last March to oppose excise duty. The SSI eligibility limit
BrilliAnt Opened for International Exhibitors
Antwerp: The Antwerp Diamond Bourse, The Antwerp Diamond Club, The Antwerp Diamond Kring and the AWDC announced that BrilliAnt®, the 8th edition of the Antwerp Diamond Trade Fair (ADTF-January 29-31, 2017), is opening its doors to international exhibitors. The Diamond Kring’s beautiful trading hall, located in the heart of Antwerp’s diamond district, will host foreign exhibitors for the first time.
PNG Jewellers Achieves Record Q1 FY27 Revenue of 24,130 Mn
Pune: P N Gadgil Jewellers Limited has announced its unaudited financial results for the quarter ended 30th June 2026. Key Financial & Operational Highlights: § Retail Contribution: Retail sales continued to strengthen, with the retail share of total revenue increasing to 78% in Q1 FY27 from 70% in Q1 FY26, reflecting the Company’s continued focus on expanding its high-margin retail business. § Strong Same-Store Performance: The Company delivered a robust Same-Store Sales Growth (SSSG) of 46.1% YoY, driven by healthy
US Tariff Could Dent Growth of India’s G&J Industry: GJC
Mumbai: The United States (US) has maintained a 10% additional tariff on Indian gem and jewellery (G&J) exports under a permanent Section 301 regime, which replaced the previous temporary Section 122 surcharge on July 24, 2026. This duty applies to natural diamonds, lab-grown diamonds, coloured gemstones, and finished jewellery, impacting India’s primary overseas market. Expressing his dissatisfaction on the move,
The Platinum Buyer Seller Meet Ends Successfully
Kochi: The Platinum Buyer-Seller Meet (BSM) 2026, hosted by Platinum Guild International (PGI) in Kochi on 8th & 9th July, brought together 10 manufacturers, more than 70 retailers and industry partners for discussions on product innovation, changing consumer demand and the future growth of platinum jewellery in India. Over the last few years, platinum jewellery has sustained double-digit growth in
New Tariff Puts India’s G&J Exports Under Pressure
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has taken note of the United States’ transition from the temporary Section 122 balance-of-payments surcharge to the new Section 301 tariff regime, effective from 24 July 2026, under which the additional tariff on Indian gem and jewellery (G&J) exports remain unchanged at 10%. The new tariff framework follows the conclusion of investigations
