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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Top News

U.S. Adds 211,000 Jobs in Nov

New York: The U.S. economy added 211,000 jobs in November; a solid boost that likely means the Federal Reserve will raise interest rates later this month. The jobs gains exceeded expectations. Economists surveyed by CNNMoney predicted there would be 192,000 jobs added. The unemployment rate stayed steady at 5%, its lowest level since 2008. Strong hiring is a reassuring sign

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May ‘Lord Tirupati’ Rescue India’s GMS!

New Delhi: The richest Hindu temple in the world could soon come to the rescue of Prime Minister Narendra Modi’s plan to recycle tonnes of idle gold and cut economy-hurting imports, according to Reuters and media reports. The gold monetization scheme, aimed at persuading individuals, institutions and rich temples to deposit some of their gold stash with banks to recycle,

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JNA Awards Presents 2016 Award Categories

Hong Kong: Celebrating its fifth anniversary next year, the JNA Awards, the jewellery and gemstone industry’s premier platform for recognizing innovative and high-achieving individuals and enterprises, has announced changes to its award categories in 2016. The organizer of the event, JNA (Jewellery News Asia), has made adjustments to a few award categories to encourage greater participation from more regions and,

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SSEF Releases Upgraded Version of ASDI

Basel: The Swiss Gemmological Institute SSEF has announced the release for international export of an upgraded version of its Automated Spectral Diamond Inspection (ASDI) device. The system is designed to support the diamond industry against the threat of small synthetic diamonds mixed into parcels of natural colourless melée diamonds. ASDI is able to conclusively identify colourless natural diamonds, by sorting

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IDPL Unites Natural Diamond Community

Hong Kong: The third edition of the International Diamond Premier League (IDPL), a cricket tournamentcreated by and for the global natural diamond community, will take place in Hong Kong from 19–22 March 2026. Following earlier editions in Belgium and India, IDPL 3.0 will bring together leading diamantaires and industry partners from Belgium, India, and Hong Kong for four days of

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De Beers Partners with Cricketer Abhishek Sharma

De Beers Group, the world’s leading diamond company has announced its association with Indian cricketer Abhishek Sharma to celebrate natural diamonds in India, bringing together two forces defined by character, authenticity and enduring excellence. Abhishek Sharma has emerged as one of the most exciting voices in Indian cricket, known for his fearless style of play and strong personal identity. His

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Risk of Deception while Buying Diamond Jewellery

Antwerp: During a public event today at Antwerpen-Centraal railway station, the diamond industry body Antwerp World Diamond Centre (AWDC) raised awareness among passers-by about the risk of deception by jewelers when purchasing diamond jewelry. A lack of consumer knowledge about the difference between natural and synthetic diamonds makes them vulnerable to malpractice. During the initiative, passers-by could have their diamond

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GJEPC Organized IJEX FAM Programme

Dubai: The five-day Familiarization (FAM) Program by GJEPC’s India Jewellery Exposition Centre (IJEX), Dubai, provided Indian jewellery exporters with comprehensive insights into the Middle East market, focusing on regional dynamics, consumer preferences, and retail environments across the UAE. The 6th batch of the IJEX FAM Programme, initiated and facilitated under GJEPC’s Export Mentorship Programme (EMP), delivered a structured five-day immersion

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