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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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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CIBJO Centenary Congress Calls for Standards, Sustainability & Consumer Confidence

Vicenza: The 2026 CIBJO Centenary Congress opened in Vicenza with welcome addresses from Italian government and industry leaders, who congratulated the World Jewellery Confederation on its first 100 years and highlighted the importance of standards, sustainability and consumer confidence to the global gems and jewellery industry. The congress, being held at the Fiera di Vicenza during the VICENZAORO jewellery show,

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Empower Africa to Host 9th Peace Diamond Trade Mission

Freetown (Sierra Leone): Empower Africa will welcome an international delegation of diamond and jewelry professionals to Sierra Leone for the 9th Peace Diamond Trade Mission, October 11–16, 2026, reconnecting the global diamond industry with the people and communities at the source of the natural diamond supply chain. The six-day mission will bring together diamantaires,manufacturers, retailers, designers, traders, mining professionals, investors,

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Belgian PM Visited Bharat Diamond Diamond Bourse

Mumbai: Bharat Diamond Bourse (BDB), on behalf of the entire Indian diamond industry, was honoured to welcome H.E. Mr. Bart De Wever, Prime Minister of the Kingdom of Belgium and his official delegation on their visit to the Bourse at BKC, Mumbai, yesterday. It marked a historic new milestone in the over 100-year partnership between the diamond industries of the

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IIJS Bharat Premiere-the Show that Broke all Records

Mumbai: 42nd edition of IIJS Bharat Premiere 2026, organized by the Gem & Jewellery Export Promotion Counci (GJEPC), concluded in Mumbai on 10th August, the strongest B2B edition in the show’s 25year history. The numbers tell all. Spanning 135,000 sq. metres across the Jio World Convention Centre (JWCC) and the Bombay Exhibition Centre (BEC), the show hosted 2,100+ exhibitors across

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CIBJO President Reports on its CSR Programme

Milan: CIBJO President Gaetano Cavalieri has reported on the World Jewellery Confederation’s Corporate Social Responsibility (CSR) and sustainability programme to the High-Level Segment of the United Nations Economic and Social Council (ECOSOC), which currently is taking place in New York. CIBJO was one of only a handful of NGOs invited to make an oral statement at the session. The High-Level

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Namibia Discovers New Diamond Deposits

Windhoek: Discoveries of diamonds on land along Namibia’s coastline in the southern Atlantic may extend ground-based mining operations by another 50 years, said the country’s Finance Minister, Calle Schlettwein, according to a report published in Bloomberg. Namibia is the world’s largest producer of marine gems. Namdeb Diamond Corp., jointly owned by the Namibian government and De Beers, came across diamond

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Zim Diamond Production Plummets 76%

Harare: In a further blow to the Zimbabwean diamond industry, the latest figures show that the country’s diamond production declined by 76 percent since the government’s acquisition of the Marange fields, according to a report in the Daily News. Zimbabwe’s central bank released information that showed diamond output declined to 152,475 carats in the first quarter of the year, compared

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Foreign Buyers Invited to Blue & White Fair

Ramat Gan: The Israel Diamond Exchange (IDE) is extending a special invitation to buyers from abroad to participate in the local Blue & White Diamond Fair taking place on August 2, 2016 on the bourse trading floor. The Blue & White Fair, which was originally established as an internal event on a monthly basis, provides a marketplace for Israeli diamond

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