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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Argyle Mine in Australia will exhaust by 2020
Perth: The Argyle mine in Australia, which accounts for over 90% of world production of pink diamonds, will be exhausted by 2020, online resource Businesswire reported. According to the assessment carried out by the resource, the price of pink diamonds in the past 10 years increased annually by an average of 20%. As for the cost of yellow diamonds, over
India’s E-Commerce Ind. to Cross $38 Bln. in 2016
Mumbai: India’s e-commerce market is likely to touch $38-billion-mark in 2016, a 67 per cent jump over the $23 billion revenue it clocked last year, according to the Associated Chambers of Commerce and Industry (Assocham). “Increasing internet and mobile penetration, growing acceptability of online payments and favourable demographics has provided the e-commerce sector in India the unique opportunity to companies
PAN Provision Becomes Effective in India
New Delhi: According to a newly imposed rule by India’s Finance Ministry, any transaction exceeding the two lakh INR barrier will require one to show the Permanent Account Number (PAN) card, starting from 1st Jan, 2016. Mr. Arun Jaitley, India’s Finance Ministry had earlier said during a Parliamentary session that it is a move to curb down India’s black money.
IDE Institutes Presidents' Consultative Council
Ramat Gan: Israel Diamond Exchange President Yoram Dvash has taken another step to ensure that his administration’s policies will gather the widest possible support from the membership of the Israel Diamond Exchange (IDE) by appointing the IDE’s three Honorary Presidents, the President of the Israel Diamond Manufacturers Association (IsDMA) and the Chairman of the Israel Diamond Institute (IDI) as members
Surat to Have India's First Diamond SEZ Soon
Surat: The State of Gujarat in India is now proposing to set up a SEZ (Special Economic Zone) exclusively for diamonds in Surat, possibly the first of its kind in India. According to Gujarat’s Finance Minister Saurabh Patel, the SEZ will be set up in a month or two, as reported in Economic Times. The state government is keen that
India, China Sign MoU on Gem Trade
Jaipur: The gemstone councils of China and India recently signed a memorandum of understanding (MoU) to help facilitate seamless jewellery trade between the two countries, the Times of India reported. The MoU was inked between India’s Gems and Jewellery Export Promotion Council (GJEPC) and China Gems Centre (CGC) on the sidelines of the Jewellers Association Show in Jaipur. Panyu City Vice
International Diamond Week Postponed
Ramat Gan: The Israel Diamond Exchange announced today it is postponing the summer edition of the Israel Diamond Week, originally scheduled for September 1-4. The exchange quoted the continuing tensions in the region as the chief reason for the postponement. In a statement IDE President Shmuel Schnitzer said that “in view of the recent events in our region, the board
Limited-Edition Gold and Diamond Ingots for Sale
Toronto: Ouroboro Diamonds of Rare Color has announced the release of the “Oro,” a limited-edition gold and diamond ingot. The “Oro” is made from one troy ounce of 24-karat (99.99% or .9999) pure yellow gold. Each ingot has a round, brilliant-cut, D-color, Internally Flawless diamond of at least 0.25 carats – certified by the GIA – embedded at its center.
