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
Israel Wraps Up Successful Rough Diamond Week
Ramat Gan: The 3rd International Rough Diamond Week, which ended today, was judged a success by both rough sellers and buyers. Participating rough producers – De Beers Auctions, Rio Tinto and Alrosa, as well as Israeli importer Tzoffeys 1818 – reported a high level of interest in their tenders. In addition, leading Israeli rough importers who took part in an
WDM Makes Strong Impression at 37th WDC
WDMHong Kong: The presentations of the World Diamond Mark (WDM) given during the biennial 37th World Diamond Congress gave participating officials and delegates plenty to talk about in the meeting rooms and the corridors of the three-day event that was held in Dubai’s Almas Tower, the home of the Dubai Multi Commodities Centre (DMCC) and the Dubai Diamond Exchange. Here,
Registration for CIBJO Congress 2016 Opens
Milan: Registration for the 2016 congress of CIBJO, the World Jewelry Confederation, is now open. Delegates and other participants may register for the congress and its social programme, as well as book hotel rooms, via a dedicated congress website located at: http://www.cibjo.org/congress2016/. The 2016 CIBJO Congress will take place in Yerevan, Armenia, October 26-28, 2016, with pre-congress meetings on October
What Difference a Year Makes! DiaCam360 to Show
New York: DiaCam360, the smallest, fully-automatic, portable, effective and affordable scanning device that within a few months after its launch in 2015 became the diamond market’s most popular device for creating high quality, 360-degree photos and interactive videos of polished diamonds, will be welcoming new customers to the upcoming Las Vegas JCK Show, at booth B43122. “What a difference a
Diamond Mfrg. Industry Fighting for Survival: IDMA
Antwerp: “Diamond manufacturers worldwide are fighting for their survival. They are caught between – and battered by – the proverbial hammer, a rough diamond supply system that is foul and faulty – and the anvil, a vertically integrated financial structure that basically continues to bleed them,” Maxim Shkadov, president of the International Diamond Manufacturers Association (IDMA), the representative body of
Gold Prices Unlikely to Settle due to Iraq Tensions
Mumbai: With the turmoil in Ukraine almost gone from the headlines, gold’s status as a hard asset and storer of wealth in times of trouble lost some of its shine. But as Iraq spirals into all-out war and the US looks in danger of being pulled back into a conflict it has spent the last six years extricating itself from,
122.52 Carat Blue Diamond Found at Cullinan
Johannesburg: In what is shaping up to be one of most the amazing diamond finds in recent times, a 122.52 ct. blue diamond—the size of a walnut—has been discovered at the Cullinan mine in South Africa, said mine owner Petra Diamonds. Blue diamonds are ultrarare, as are stones weighing more than 100 cts.—making this, as Petra puts it, a “truly
KP Should Focus on Conflict-Torn Regions only
Shanghai: The newly elected president of the World Diamond Council (WDC) Edward Asscher, put a chill Tuesday on the movement to expand the scope of the Kimberley Process and so cover general human rights abuses, stating the trade body should focus exclusively on diamonds proceeding from conflict zones. Speaking at the Intercessional Meeting of the Kimberley Process in Shanghai, Asscher
