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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Botswana Diamonds Loss Widens to £274,000
Gaborone: Botswana Diamonds, which is currently exploring for diamonds in Botswana, recorded a £274,000 loss during the six months to 31 December 2015 from £174,000 recorded a year earlier. The increase in loss was, however, due to an exchange difference on translation of foreign operations. Operating losses dropped to £155,000 during the same period under review compared to £166,000 recorded
UAE for Standardization of Rough Prices
Dubai: Kimberley Process (KP) chairman UAE has sponsored an initiative aimed at standardizing rough diamond prices, due to be launched later this year, according to a report in The National. It comes as a response to NGO criticism of transfer mispricing practices in the diamond trade, which have allegedly deprived diamond producer states of tax revenue. “We feel that should
Alrosa to Open Vladivostok Branch
Moscow: The ALROSA Supervisory Board has approved the recent decision to open a branch in Vladivostok, as the company seeks to capitalize on rough and polished trade with the Asia-Pacific region. It is thought that the decision will pave the way for the creation of a Russian Diamond Centre in the Primorye Territory. The Vladivostok branch will be responsible for
Petra Sells Exceptional Pink Diamond for $15m
Dar Es Salaam: Petra Diamonds says it has recently recovered what it describes as an “exceptional” 32.33 carat pink diamond from a mine in Tanzania and has sold it for $15m, which equates to a price of $463,965 per carat. The diamond was bought on behalf of Israel-based diamond manufacturer, M.A. Anavi Diamond Group. Petra said it has also retained
Dassani Brothers to Launch New Collections at IIJS Premiere 2026
Mumbai: Dassani Brothers, a pioneer in the manufacturing of exquisite Polki and Jadau jewellery, will unveil two signature collections GATSBY and RAAGINI at IIJS Premiere 2026. Inspired by the brand’s Heritage Meets Modern philosophy, the collections showcase four generations of craftsmanship, blending timeless artistry with contemporary design. The GATSBY Collection draws inspiration from the bold geometry and glamour of the Art Deco era,
Grow Your Business, Attend ‘Innov8’ at IIJS Bharat Premiere
NATURAL DIAMONDS: DESIRE, CONFIDENCE, COLLABORATION & LEADERSHIP: Mumbai: The Count down for IIJS Bharat Premiere 2026, being organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) has begun. At IIJS Bharat Premiere 2026, GJEPC × GIA presents Innov8 Talks, powered by IGM (India Gold Metaverse), bringing together global leaders from the natural diamond industry to explore the future of
India’s CG, Dubai, V V Reddy, Interacts with BDB Committee
Mumbai: India’s Consul General (CG) to Dubai, Mr. Vishnu Vardhan Reddy, visited the Bharat Diamond Boure (BDB) complex on July 24. He engaged with members of the BDB Committee. The visit enabled the CG to gather better insights into the functioning of the diamond trade, the operations within the Bourse. He also observed the smooth functioning of import-export trade in
Dhoni Joins Malabar Gold as Brand Ambassador
Mumbai: Malabar Gold & Diamonds, a responsible jeweller, recently announced MS Dhoni as its Brand Ambassador, marking the beginning of a long-term association centred around The Responsible Jeweller, the brand’s philosophy of taking responsibility beyond jewellery. At a time when consumers are placing greater emphasis on transparency, authenticity and trust, Malabar Gold & Diamonds is reinforcing its commitment to responsibility across every
