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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Russian Ruble Falls to Record Low
Moscow: The Russian ruble fell to its weakest level ever against the dollar on Thursday even as top officials tried to play down the significance of the depreciation, reports The Wall Street Journal. The ruble hit 86 to the dollar, pressured by weak oil prices, just days after having broken through the psychologically crucial threshold of 80. “Today we saw
PNG Jewellers Adopts Shillim Village
Mumbai: PNG Jewellers has collaborated with Aadkvasi Vikas Prabodhini and adopted Shillim Village of Mawal Taluk as a part of their Corporate Social Responsibility activity on 19th January. The goal is to dveleop Shillim Village by all means and as the first step, the executive director of PNG Jewellers Mr. Parag Gadgil and Mrs. Vaishali Gadgil inaugurated an E-Learning center
Rio Tinto’s 4Q Production +50%
Perth: Rio Tinto reported diamond production surged 50 percent year on year to 4.3 million carats in the fourth quarter that ended December 31 as output from the Argyle mine in Australia almost doubled. The Argyle pit in the remote East Kimberley region of Western Australia produced 3.4 million carats in the three months, an 86-percent jump from a year
Angola Projects 9M Carat Output This Year
Luanda: Angola expects to produce 8.9 million carats compared with 8.8 carats produced in 2015, according to a document from the Ministry of Geology and Mining cited by allafrica.com. Of that figure, industrial production will account for 8.1 million carats, while artisanal output is forecast to be 860,424 carats. Meanwhile, Angola last month sold 880,115 carats for $104.7 million with
IIGJ Udupi Centre Inaugurated by India’s FM
Udupi, (Karnataka): Marking a significant milestone in India’s gem and jewellery skill development landscape, the Indian Institute of Gems & Jewellery (IIGJ), Udupi was unveiled yesterday as a new centre of excellence by India’s Finance Minister (FM) Mrs. Nirmala Sitharaman, reaffirming the government’s continued focus on skilling, innovation and employment generation for the sector. The ceremony was attended by Mr.
India and New Zealand Sign Strategic FTA
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the signing of the India–New Zealand Free Trade Agreement (FTA) on 27 April 2026, calling it a timely and strategic step that opens a high-potential market for Indian gem and jewellery exporters. India’s current gem and jewellery exports to New Zealand stand at approximately USD 16.61 million. With zero-duty
Suresh Hathiramani Elected as Chairman of WDHB
Singapore: The World Diamond Heritage Board (WDHB) has announced the appointment of Mr. Suresh Hathiramani as Chairman and Mr. Alex Popov as Vice-Chairman, of the Selection Committee of the World Diamond Heritage List (WDHL). A Historic Initiative for the Diamond Industry: The World Diamond Heritage List is an initiative designed to identify and document the 100 diamonds that have shaped
Antwerp’s Diamond Trade Increased by 20% in Q1
Antwerp: According to figures from the Antwerp World Diamond Centre (AWDC), the total volume of diamonds traded in Antwerp increased by nearly 20% in the first quarter of 2026 compared to the same period last year. The import of rough diamonds in particular saw strong growth, with a 35.7% increase in volume. In terms of total trade value, the trading
