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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US Jewellery Sales Rose 4.9% in Q1 2016
New York: Based on preliminary data from the US Department of Commerce, IDEX reports that total sales of fine jewellery and watches in the US market rose by a solid 4.2% in March when compared to March 2015, leading to a 4.9% overall increase US sales of fine jewelry during the first quarter of 2016, rising to $16.8 billion compared
India's SGB to Become More Investor Friendly
New Delhi: The Indian government, in consultations with banks and the Reserve Bank (RBI), is finalizing a fourth tranche of sovereign gold bonds (SGB), reports Business Standard. This one is expected to be more investor-friendly and options under consideration include selling bonds also through a stock exchange, via an offer for sale (OFS), where member-brokers can put orders on behalf
De Beers Signs Agreement with CanAlaska
Gaborone: ‘CanAlaska’ has entered into an Option-Participation Agreement with De Beers Canada Inc. De Beers for expenditures up to $20.4 million on kimberlite-style targets staked by CanAlaska in the Northwestern Athabasca basin, Saskatchewan. The claims staked by CanAlaska and optioned to De Beers cover 75 kimberlite-style targets developed from a recent high resolution airborne geophysical survey carried out on behalf
Diavik Foxfire to Headline Rough Diamond Week
Ramat Gan: Rio Tinto’s 187.7 ct. Diavik Foxfire diamond, the largest rough diamond ever found in North America, will headline the Israel Diamond Exchange (IDE) 3rd International Rough Diamond Week, opening next Sunday in IDE’s Rough Trading Hall in Ramat Gan. The Diavik Foxfire was discovered last fall in the Diavik Diamond Mine in Canada’s Northwest Territories. The stone is
CIBJO Pays Tribute to Vasant Mehta
Milan: The World Jewellery Confederation (CIBJO) mourns the passing of Vasant Mehta, a prominent leader of the Indian diamond and jewellery industry, who passed away yesterday at the age 81. A former chairman of the Gem & Jewellery Export Promotion Council (GJEPC), a position he filled from 2008 to 2010 after two terms as vice chairman, he represented the Indian
Vasant Mehta, Illustrious Leader of G&J Industry Dies
Mumbai: The Indian gem and jewellery industry has lost one of its most respected statesmen. Vasant Mehta, former Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), passed away today, leaving behind a remarkable legacy built over several decades of dedicated service to the industry. A second-generation diamantaire, Mehta graduated from Calcutta University and moved to Mumbai in 1966,
BSM Brazil 2027 Returns to São Paulo with Expanded International Presence
São Paulo, Brazil: Following the remarkable success of its previous editions, Buyer Seller Meeting (BSM Brazil) will return to São Paulo in April 2027, further strengthening its position as Latin America’s premier international B2B event for the diamond, gemstone, jewelry and precious metals industries. Organized with the mission of connecting qualified buyers and leading international suppliers, BSM Brazil 2027 will welcome an even larger number
Israel’s Diamond Industry Under Severe Pressure
Mumbai: Israel’s once-prominent diamond industry is facing one of the most difficult periods in its history, with veteran traders reportedly leaving the business and searching for alternative livelihoods. A recent report by Ynetnews has highlighted the depth of the crisis at the Israel Diamond Exchange in Ramat Gan, traditionally one of the world’s important diamond trading centres. According to veteran
