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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
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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Amit Pratihari Named MD, GIA India Laboratory
Mumbai: The board of directors of GIA India Laboratory Pvt. Ltd. (GIA India) has appointed Amit Pratihari as managing director, responsible for all aspects of GIA India’s gemological laboratories in Mumbai and Surat, as well as the GIA India school in Mumbai. Reporting to the board of directors of GIA India, he assumed his responsibilities on October 1. Amit’s deep experience
GJC Welcomes Formation of Dakshata Samiti
Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, has welcomed the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers. For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In
Augmont Enterprises Files for Rs. 800 Crore IPO
Mumbai: Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The IPO comprises of a Fresh issue of equity shares of face value ₹ 5
Paul De Wachter Appointed CEO of HRD Antwerp
Antwerp: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter will assume the role in January 2026. As CEO, he is tasked with strengthening HRD’s position
China to Hold LGD Ind. Development Congress
Beijing: Panyu, an urban district of the prefecture-level city of Guangzhou in China will welcome the First China International Laboratory-Grown Diamond Industry Development and Innovation Congress (LGD-IDIC) to be held on May 18-19, 2022. The Congress is organized by the Guangzhou Diamond Exchange (GZDE) and will be focused on sustainability, new opportunities, and building an ecosystem for the laboratory-grown diamond
PGI Launches New Campaign for Platinum Season of Love
Mumbai: Platinum Guild International (PGI) India announces the of launch of its signature annual retail activation– Platinum Season of Love, a month-long initiative from 6th May 2022 to 5th June 2022. Emboldened by the immense success of its previous editions, this fifth edition of Platinum Season of Love, brings together all 3 brands of platinum to celebrate choosing love first as we
IGJS 2022: Reaffirming India as Jeweller to the World
Jaipur: The Gem & Jewellery Export Promotion Council (GJEPC) successfully kickstarted the IGJS 2022 in association with Gemfields in India’s colored gemstone capital, Jaipur today. It is the first ever gem and jewellery physical event hosted exclusively for international buyers in India to increase exports and to exemplify India’s strong hold on the G&J industry. The show was graced with the
GJEPC Organised Outreach Program
Surat: India’s Gem & Jewellery Export Promotion Council (GJEPC), the nodal agency appointed by the Ministry of Commerce & Industry to organise state outreach programs for the gem & jewellery industry on the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and India-Australia Economic Cooperation and Trade Agreement (ECTA), held the first such outreach program in Surat on 5th May, 2022. The objective
