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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Laboratory Grown Diamond Sales Triple

New York: NPD Group, a well-recognized market research firm releases findings from its recent project ‘Diamond Tracker’, which gathers data from a representative cross section of U.S. Speciality jewellers, 3950 doors in total. The study shares interesting data about how lab-grown diamonds are selling at retail, Madestones reported. The percentage of total sales of laboratory grown diamonds has tripled from

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ALROSA to Set Up Think Tank to Analyze Market

Moscow: ALROSA president Andrey Zharkov said that the Russian diamond giant will create an analytical center tasked with targeting diamond prices and monitoring market development environment, reports Rough-Polished. The decision to set up such a center is a result of the situation in 2015, when a wrong forecast that market stakeholders made with regard to jewelry demand in China had

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One More PIL to Get Back Kohinoor Diamond

New Delhi: The Supreme Court of India on Thursday agreed to hear another PIL seeking a directive to the Centre to try and bring back the Kohinoor diamond from the United Kingdom, reports tribuneindia. A Bench headed by Chief Justice TS Thakur said it would hear the fresh plea by Heritage Bengal and another organization along with a pending petition

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‘Lesedi la Rona’ Fails to Attract Buyers

London: The 1,109-carat ‘Lesedi la Rona’ is the second-largest gem-quality rough diamond ever found, but bidding didn’t reach the Sotheby’s reserve price, reports theguardian. Turns out the largest diamond discovered in over a century may not be worth that much after all. The tennis ball-sized “Lesedi la Rona” failed to find a buyer on Tuesday, a disappointing result for a

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