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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ALROSA Started to Sell 10.9%
Moscow: On Wednesday, Sberbank CIB and VTB Capital (coordinators of the transaction to float the diamond miner’s state-owned shares) opened an order book for purchasing 802,780,000 shares in ALROSA (10.9% of the state-held stock) after yesterday’s trading on the Moscow Stock Exchange closed, according to the company’s report released on the Exchange. Thus, ALROSA became the first company with state
Chow Tai Fook Among Top 10 Luxury Goods Cos.
Hong Kong: Hong Kong-based Chow Tai Fook Jewellery Group Ltd is still among the world’s top 10 luxury goods companies, earning US$8.29 billion in revenues in financial year 2014, data from the 2016 Global Powers of Luxury Goods report showed. The report, released by global business consultancy firm Deloitte, examined the 100 largest luxury goods companies globally based on the
Russia Overtakes Botswana as Rough Producer
Moscow: Russia extended its lead over Botswana as the world’s largest rough diamond producer, according to data released by the Kimberley Process (KP). Russia’s output leaped 9.4 percent to 41.9 million carats worth $4.24 billion last year while that of Botswana eased 16 percent to 20.8 million carats valued at to $2.99 billion. Diamonds from the southern African nation recorded
“HRD Antwerp Certified" Flagship Store in Paris
Paris: In the presence of the Belgian Ambassador in France, H.E. Vincent Mertens de Wilmars and Peter Macken, CEO HRD Antwerp, HRD Antwerp’s first flagship store was inaugurated on 23 June 2016 in Paris. An exclusive partnership between HRD Antwerp, Europe’s leading authority in diamond certification and selected retailers. The “flagship” designation is liberally applied to stores in prestigious locations,
Natural Diamond Council Becomes ‘The Diamond Collective’
Mumbai: The Natural Diamond Council (NDC) now becomes ‘The Diamond Collective’ unveiling a new global strategy to reconnect natural diamonds with culture, strengthen consumer confidence and drive long-term relevancy. Shaped by new CEO Amber Pepper following six months of consultation with producers, retailers, brands, creatives and consumers, the strategy responds to a fundamental shift in how people discover, value and
GJEPC Reviews FY2025-26 Performance & Priorities
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) held its 60th Annual General Meeting (AGM) on 23rd September, 2026, at the Bharat Diamond Bourse, Mumbai, in hybrid mode. The meeting was presided over by Mr. Kirit Bhansali, Chairman, GJEPC, in the presence of Mr. Shaunak Parikh, Vice Chairman; Mr. Anil Virani, Convener, Audit & Finance; Mr. Sabyasachi Ray, Executive
India’s Studded Gold Jewellery Export Rises 51.22%
Mumbai: India’s gem and jewellery exports continued their positive momentum in August 2026, with gross exports increasing 3.14% in US dollar terms and 12.52% in rupee terms year-on-year to US$ 2.30 billion (Rs. 21,945.87 crore), compared to US$ 2.23 billion (Rs. 19,503.52 crore) in August 2025, according to figures declared by Gem & Jewellery Export Promotion Council (GJEPC). A notable
JGW September Gets 4.5% Jump in Attendance
Hong Kong: JGW September (Jewellery & Gem World Hong Kong September) wrapped up yesterday shattering post-pandemic records, welcoming 57,632 “unique” buyers during its week-long run across two locations − a 4.5% increase over the previous edition, show organizer Informa Markets announced today. Staged as a massive dual-venue showcase, the B2B event ran from 14 – 18 September at the Asia
