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
India Gets only Rs. 1,400 cr. via Gold Bonds
New Delhi: The Centre managed to raise just Rs 1,400 crore through the sovereign gold bonds or only 9% of the target of Rs 15,000 crore in the current fiscal year, sources said. The third and final tranche of the bonds fetched about Rs. 400 crore in March 8-14 as against Rs 1,050 crore in second tranche in January and
Portuguese Co. Makes First Export of Diamonds
Lisbon: Portuguese company Portdiamonds / Numerplatina Ida has announced its first-ever export of rough diamonds with Kimberley Process (KP) certificates to Dubai. The Lisbon-based rough diamond trading company, which has been operating for more than four years, exported the KP-approved diamonds to AIC Diamonds which is a member of the Dubai Multi-Commodities Centre, and will be exporting rough diamonds on
ALROSA's Revenue +8% in 2015 on Weaker Rouble
Moscow: ALROSA reported revenue jumped 8.4 percent to $3.28 billion (RUB 224.5 billion) last year as the rouble’s depreciation against the dollar boosted the Russian miner’s sales in local currency. As a result, the company swung to a profit of $470.9 million from a loss of $246.2 million in a year ago, overcoming a 24 percent slide in the volume
De Beers Launches Diamond Reselling Business
Gaborone: The De Beers Group of Companies yesterday formally launched the International Institute of Diamond Valuation (IIDV) in the US to provide an enhanced diamond jewellery reselling solution, suited to the needs of both retailers and consumers. IIDV will provide an improved consumer experience by offering more accurate and attractive prices, as well as greater transparency in the reselling process.
India’s G&J Exports to the US Fall by 44.42%
Mumbai: India’s gem and jewellery (G&J) exports to the United States witnessed a sharp contraction during April–December 2025, declining 44.42% year-on-year to US$ 3.86 billion, compared to US$ 6.95 billion in the corresponding period last year. In December 2025, exports to the US declined by 50.44% year-on-year, reflecting the continued impact of tariff-related pressures and subdued discretionary demand. Commenting on
Divine Solitaires Seeks $10 mln Fund for Expansion
Mumbai: Divine Solitaires, India’s loose solitaire brand that is exclusively focused on natural diamond solitaire jewellery, has opened its first round of seed funding seeking an investment of $10 million. The Mumbai-based company is gearing up to aggressively scale its business to become a $250–300 million enterprise over the next 3-4 years. Launched in 2006 by brothers Jignesh Mehta and Shailen Mehta,
IIJS Bharat Signature Closes with Rs. 75,000 Cr. Orders
Mumbai: The 18th edition of IIJS Bharat – Signature 2026, organized by GJEPC, concluded in Mumbai, marking a strong start to the global gems and jewellery trade calendar for 2026. As the first major B2B trade show of the year, the event set a bullish tone for the industry, with an estimated ₹75,000 crore in business expected to be realised
BIS Reserves “Diamond” for Natural Diamonds
Mumbai: The Indian gem and jewellery industry has long faced challenges arising from the use of multiple, inconsistent, and often ambiguous terms to describe diamonds and their alternatives—particularly in digital and e-commerce environments. This lack of formal guidance has contributed to consumer confusion and inconsistent disclosure practices across the market. The Natural Diamond Council (NDC) welcomes the adoption of IS
