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
WFDB Warns about the Recent Certificate Scam
Antwerp: The World Federation of Diamond Bourses (WFDB) has been informed that a vendor on the world’s leading online global wholesale trading platform, Alibaba, has offered CVD lab grown (synthetic) diamonds inscribed with the numbers of genuine GIA graded natural diamond reports. The seller on Alibaba, a New Delhi (India) based company called International Trading Corporation (ITC), which only deals
De Beers to Cut 366 Jobs in S.A. Mines
Gaborone: Anglo American-owned De Beers has announced plans to cut 366 jobs in its South African mines as part of its retrenchment process, reports mining-technology.com. As part of its plans, the company will axe 152 posts at its Venetia Mine outside Musina, with a further jobs going at some of its other South African mines. The latest decision comes as
Responsible Sourcing Protocol for Diamonds
New York: Signet Jewelers Limited has launched an initiative to commit to improvement and increased transparency in the integrity of the global diamond supply chain. The Responsible Sourcing Protocol for Diamonds (D-SRSP) is a collaborative effort, having gathered expert opinions from within the diamond industry, civil society and governments. These included the De Beers Group, Rio Tinto, Dominion Diamond Corporation,
Leaders Discuss How to Market Diamonds
Ramat Gan: The first day of the International Diamond Week in Israel (IDWI) featured a panel discussion on how to market diamonds. The speakers included IDWI Guest of Honor, the British jewelry designer Stephen Webster; Jean Marc Lieberherr, the newly appointed CEO of the Diamond Producers Association; Alex Popov, Chairman of the World Diamond Mark Foundation; and Patricia Syvrud, Executive
End of Diamond Production at Diavik Mine
Toronto: Diamond production at the Diavik mine, in Canada’s Northwest Territories, came to an end last week after 23 years. It produced over 150 million carats during its lifetime, more than either of NWT’s other mines – Ekati (owned by Burgundy) and Gahcho Kue (joint venture, De Beers and Mountain Province ). The closure on Thursday, 26 March 2026, also
GJEPC to Organize ‘Design Inspirations’ on 9th April
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has organized ‘Design Inspirations’ event on 9th April, 2026 at Bharat Ratnam Mega CFC, Mumbai. The design seminar invites a galaxy of eminent speakers to share their insights on a wide range of topics. The workshop aims to provide the industry with relevant updates, enabling them to plan their designs and
IIJS Bharat Tritiya 2026 Ends with Great Success
Bengaluru: The 4th edition of IIJS Bharat Tritiya 2026, organized by India’s Gem & Jewellery Export Promotion Council (GJEPC), concluded on a triumphant note at the Bengaluru International Exhibition Centre (BIEC), solidifying its position as India’s third-largest B2B jewellery exhibition. The show witnessed a massive scale-up, hosting over 1,100 exhibitors and 1,900 stalls, while attracting 15,000 trade buyers from 500
GJEPC Team Meets Nirmala Sitharaman
New Delhi: A GJEPC delegation met Union Finance Minister Mrs. Nirmala Sitharaman in New Delhi on 27th March 2026 to discuss matters concerning the industry. The Council delegation, led by Mr. Kirit Bhansali, Chairman, GJEPC, also included Mr. Shaunak Parikh, Vice Chairman, GJEPC; Mr. Sabyasachi Ray, Executive Director, GJEPC and Mr. K.K. Duggal, Director – Policy, GJEPC. A key focus
