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
De Beers Reports Lower Q3 Output
London: De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8
New FEMA Guidelines to Exporters Explained
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IndusInd Bank, organized a webinar on 16 October 2026 to explain the revised Foreign Exchange Management Act (FEMA) guidelines and their implications for the gem and jewellery trade. Prakash Kumar Rath, Head – Gems, Jewellery and Diamond Division, IndusInd Bank, addressed key changes under the revised framework, which
India & France Explore New Frontiers in Luxury Jewellery
Paris: India’s Gem & Jewellery Export Promotion Council (GJEPC) brought 17 curated Indian fine jewellery companies to Paris, with the India–EU trade agreement lending fresh momentum to business partnerships, creative exchange and brand-building across France’s luxury ecosystem. The pitch was partnership, not just supply. India is looking to deepen its place in the global luxury conversation—not simply as a leading
GJEPC Partners with The Leela: Offers Benefits to Members
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has entered into a strategic alliance with The Leela Palaces, Hotels and Resorts to provide exclusive hospitality benefits to its members, marking the Council’s first partnership with a hotel group. The association is designed to support members’ business and personal travel needs, offering special pricing, room upgrades, hotel credits, dining and
India’s H1 G&J Exports Drop 43% to $8.48 Billion
Mumbai: India’s overall gross exports of gems and jewellery during April-September 2020 declined 43% to $8.48 billion compared with $14.87 billion in the corresponding period a year ago. In the same six-month period, the overall gross imports of gems and jewellery dropped 52% to $4.23 billion as compared to $8.89 billion in the previous year, reports Gem and Jewellery Export
IDE to Hold Rio Tinto Tender from 25th Oct
Ramat Gan: The Israel Diamond Exchange (IDE) will hold a tender of rough diamonds by Rio Tinto from October 25 – 28, 2020 in the IDE International Tender Center. On offer are a unique collection of large (+10.8 Ct), high quality Specials and Fancy Colored rough diamonds, originating from the Argyle, Diavik and Murowa mines. The goods will be offered
Rio Tinto Diamonds Dazzle in Rough Diamond Tender
Perth: A selection of the finest rough diamonds from Rio Tinto’s Canadian and Australian mines will be tendered to diamond specialists from around the world in October and November. Headlining Rio Tinto’s forthcoming “Specials” Tender, which showcases rough diamonds greater than 10.8 carats, is Lot number 1, Diavik Helios, a 74.48 carat Fancy yellow diamond. The Diavik Helios takes its
AG&J Responds to GIA Decision to Grade LGD
New York: Analytical Gemology and Jewelry head Mr. Dusan Simic has launched a response to the decision of the GIA to grade laboratory-grown diamonds in what he calls a standardized fashion. “It is also unfortunate that the GIA only made its decision regarding LGDs after the recent publication of the third edition of Laboratory-Grown Diamonds – Information guide to HPHT
