Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
PGI Expects 50% Growth Rate in India: Pallavi Sharma
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
The Week the Indian Gold Market Changed: A Rupee Crisis Meets a Duty Shock
Macro Snapshot: The week ending May 15 was the most consequential week of the year for the Indian gold and silver trade, not because of what happened to international prices, but because of what happened in India. Two simultaneous shocks reshaped the domestic market: a near 1.6% rupee depreciation to a fresh record low of 95.98 per dollar on Friday, and a Wednesday government decision to raise the gold and silver import duty from 6% to 15%, followed by a
The Week the Indian Gold Market Changed: A Rupee Crisis Meets a Duty Shock
Macro Snapshot: The week ending May 15 was the most consequential week of the year for the Indian gold and silver trade, not because of what happened to international prices, but because of what happened in India. Two simultaneous shocks reshaped the domestic market: a near 1.6% rupee depreciation to a fresh record low of 95.98 per dollar on Friday, and a Wednesday government decision to raise the gold and silver import duty from 6% to 15%, followed by a
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RBI Allows Global Trade Settlements in Rupees
Mumbai: The Reserve Bank of India (RBI) has allowed trade settlements between India and other countries, including Sri Lanka and Russia, in rupees. “In order to promote the growth of global trade with emphasis on exports from India and to support the increasing interest of the global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement of
Kunming Diamonds Appoints Rahul Jauhari as Director – Sales & Marketing
Hong Kong: Kunming Diamonds, a global leader in natural fancy-colored diamonds, is pleased to announce the appointment of Mr. Rahul Jauhari as Director – Sales and Marketing. Mr. Jauhari, an enterprising leader, has an impeccable track record of 17 years in the Gem & Jewellery industry. Business Development, branding, and strategy are some of his core expertise. He is a firm believer
18th Edition of HRD Design Awards
Antwerp: HRD Antwerp has announced the launch of the 18th edition of the HRD DESIGN AWARDS, in partnership with VicenzaOro, the largest Show in Europe for the Gold and Jewellery Industry. This year’s edition is unique, as HRD Antwerp introduces ‘THE YOUNG JEWELLERY DESIGN COMMUNITY.’ This initiative aims at supporting the industry by promoting young innovative ideas. Being part of
Global Rough Diamond Production +51.4% in 2021
Johannesburg: Statistics published by the Kimberley Process (KP) indicate that global rough diamond production grew 11.9% by volume to 120.04 million carats in 2021, and jumped 51.4% in value to $13.98 billion on a year-on-year basis. Russia was the biggest diamond producer by volume in 2021, with an output of 39.11 million carats, while Botswana was the largest producer in
RBI Allows Global Trade Settlements in Rupees
Mumbai: The Reserve Bank of India (RBI) has allowed trade settlements between India and other countries, including Sri Lanka and Russia, in rupees. “In order to promote the growth of global trade with emphasis on exports from India and to support the increasing interest of the global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement of
Kunming Diamonds Appoints Rahul Jauhari as Director – Sales & Marketing
Hong Kong: Kunming Diamonds, a global leader in natural fancy-colored diamonds, is pleased to announce the appointment of Mr. Rahul Jauhari as Director – Sales and Marketing. Mr. Jauhari, an enterprising leader, has an impeccable track record of 17 years in the Gem & Jewellery industry. Business Development, branding, and strategy are some of his core expertise. He is a firm believer
18th Edition of HRD Design Awards
Antwerp: HRD Antwerp has announced the launch of the 18th edition of the HRD DESIGN AWARDS, in partnership with VicenzaOro, the largest Show in Europe for the Gold and Jewellery Industry. This year’s edition is unique, as HRD Antwerp introduces ‘THE YOUNG JEWELLERY DESIGN COMMUNITY.’ This initiative aims at supporting the industry by promoting young innovative ideas. Being part of
Global Rough Diamond Production +51.4% in 2021
Johannesburg: Statistics published by the Kimberley Process (KP) indicate that global rough diamond production grew 11.9% by volume to 120.04 million carats in 2021, and jumped 51.4% in value to $13.98 billion on a year-on-year basis. Russia was the biggest diamond producer by volume in 2021, with an output of 39.11 million carats, while Botswana was the largest producer in
