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
ALROSA Rough Prices Unchanged at March Sale
Moscow: ALROSA held rough prices stable for the sixth month running at its March contract sale as demand for the miner’s goods remained strong. “ALROSA has not changed the prices for rough diamonds at the March trading session,” a company spokesperson said in an email to Rapaport News. “Thus, ALROSA prices remain unchanged since last year.” The Russia-based miner last
China’s 2015 Polished Diamond Imports -14%
Beijing: China’s polished diamond imports declined 14 percent to $6.69 billion last year as the nation’s economy slowed and consumer sentiment dropped. The country’s imports of polished fell in each of the first three quarters of 2015 from corresponding periods in the previous year, but picked up slightly in the final quarter, according to data released by the China Customs
Task Force to Assess Jewellers’ Grievances
Mumbai: Jewellery trade associations including India Bullion & Jewellers Association (IBJA) and All India Gem & Jewellery Trade Federation (GJF), took decision to call off the strike after an eight hour-long meeting with government officials in new Delhi on Saturday. Amit Shah, president of the main governing Bharatiya Janata Party, also attended the meeting. “Our demands have been accepted. The
Gem-A Appoints New CEO
London: The Gemmological Association of Great Britain (Gem-A) has announced the appointment of Alan Hart FGA DGA as the Association’s new CEO. A former member of the Gem-A Council, Hart is currently Head of Earth Sciences Collections at the Natural History Museum, London. With a wealth of experience in the gem and mineral trade, Hart started his career at the
More Indian Women are Choosing Natural Diamonds
Mumbai: The domestic natural diamond jewellery market continues to witness strong growth momentum, with the country emerging as the world’s second-largest diamond jewellery market. India contributes 12% of global diamond jewellery demand, up from 10% in 2019, surpassing both China and Japan. According to a recent study, ownership of natural diamond jewellery among Indian women has increased from 11% in
GIA Acquires 30% Shareholding in TRACR
New York: De Beers Group and GIA (Gemological Institute of America) yesterday announced the signing of a definitive agreement for GIA to acquire a 30 per cent shareholding in Tracr, the De Beers Group-backed company behind the development of the pioneering diamond provenance blockchain-driven platform. The agreement marks a significant milestone in Tracr’s evolution towards independence and reflects GIA’s confidence
De Beers Introduces Desert Diamonds Icons
Las Vegas: At the annual JCK Las Vegas Show – the largest jewellery event in the global calendar – De Beers Group yesterday set out its view on the way forward for the natural diamond sector, calling on the trade to work together to capitalize on the early success of the Desert diamonds ‘beacon’ campaign with the introduction of Desert diamonds Icons. The Desert
Dr. Akinwumi Adesina is Chairperson of Diamonds for Development Fund
Gaborone: The Government of the Republic of Botswana and De Beers Group are delighted to confirm that Dr. Akinwumi Adesina has been appointed as the Diamonds for Development Fund’s Chairperson. Dr. Adesina is a widely respected global leader and renowned development economist with close to 40 years of experience in global and African development issues. He was the 8th elected President
