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
JNA Awards 2016 Honourees Revealed
Hong Kong: Jewellery News Asia (JNA), the organizer of the prestigious JNA Awards has announced the list of Honourees or finalists across 10 categories at a press conference held on the sidelines of the June Hong Kong Jewellery & Gem Fair. The JNA Awards, now in its fifth year, is a premier awards programme that recognises and celebrates excellence and
Britain Leaves European Union
London: Britain has voted to leave the European Union (EU) to take greater control of its economy and its borders, shattering the stability of the continental unity forged after World War II. The decision launches what will be years of negotiations over trade, business and political links with the E.U., which will shrink to a 27-nation bloc. Official results released
De Beers Opens Rough Selling Platform to Trade
Gaborone: De Beers will allow businesses to sell rough diamonds from its online auction platform in a pilot scheme announced Thursday. The service is available for single stones of more than 5 carats or fancy-color diamonds. The limited service will only be available to businesses that adhere to standards set by De Beers covering integrity of diamond sellers, product disclosure
Guangdong Gems & Jade Ex'ge. Joins JNA Awards
Hong Kong: The Guangdong Gems & Jade Exchange has joined the ranks of distinguished enterprises and organizations that are proud partners of the JNA Awards. Organized by JNA (Jewellery News Asia), the prestigious awards programme recognizes and honours individuals and companies that have demonstrated innovation, sustainability, excellence and best business practices in the jewellery and gemstone industry. The event is
De Beers Signs $37M Deal for BT Networking
Gaborone: The De Beers Group selected BT for a range of IT and networking services with a six year contract and at a cost of $37 million. BT will orchestrate IT services across 70 De Beers locations, including exploration and mining sites, drawing on capabilities of the BT Connect portfolio that provides fiber optic, microwave and satellite linkages, as well
Chaim Zohar Awarded Life Membership of DDC
Johannesburg: Renowned diamond industry journalist Chaim Even-Zohar has been awarded an Honorary Life Membership of the Diamond Dealers Club of South Africa (DDC) for his lifetime dedication and contribution to the diamond industry. Ernie Blom, Chairman of the DDC and World Federation of Diamond Bourses President, presented Even-Zohar with the membership certificate. “We, as the Diamond Dealers Club of South
ALROSA and DDC Sign MoU
Las Vegas: ALROSA and Diamond Dealers Club of New York signed a Memorandum of Understanding (MoU) aimed to develop the diamond industries of Russia and the USA.The document was signed at an official ceremony in Las Vegas on 30 May by Reuven Kaufman, President of the DDC, and Alexander Malinin, Director of “Brillianty ALROSA” (ALROSA’s cutting and polishing division). The
Surat to Set Diamond Bourse in 2 Lakh Sq. Yards
Surat: Surat, known as a hub for processing of rough diamond is readying itself to set up a world class diamond bourse having trading facilities which will integrate processing and house all those interested in diamond business at one place, reports The Times of India. The proposed bourse may be of the size of the one existing in Mumbai. Mumbai’s
