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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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Gubelin & SSEF Agree to Harmonize Standards
Bern: The Swiss-based Gübelin Gem Lab and Swiss Gemmological Institute SSEF, recognized as the leading laboratories for coloured stone testing, have agreed to harmonize their standards for the colour terms “pigeon blood red” and “royal blue.” Their goal is to standardize the usage of these terms for the benefit of the international gemstone trade. The colour terms “pigeon blood red”
Gem-A Announce Conference 2015 Sponsors
London: The Gemmological Association of Great Britain (Gem-A) has announced the full list of Sponsors for its upcoming Conference 2015 incorporating the Federation for European Education in Gemmology’s (FEEG) 18th International Symposium of Gemmology, held at the Royal Institute of British Architects (RIBA) in Marylebone, London, from 21 – 22 November 2015. Welcoming speakers from around the globe, the Gem-A
Assocham Demands Industry Status for G&J Sector
New Delhi: The government should give industry status to the Gems and Jewellery (G&J) sector to give it the much needed boost as the sector has great potential to create new jobs and contribute to the economy through exports, industry body Assocham said on Tuesday. While releasing the study on Tuesday, Assocham’s National General Secretary D S Rawat said the
India Govt Fixes Interest Rate on GMS
Mumbai: Entities participating in Gold Monetization Scheme can earn up to 2.50 percent interest rate on their idle gold. Interest rate on Medium and Long Term Government Deposit (MLTGD) are 2.25 percent and 2.20 percent, respectively, according to a notification issued by the Reserve Bank of India (RBI) Tuesday. The tenor of medium term would be between 5-7 years while
41st World Diamond Congress Announces Programme
Singapore: The Organising Committee of the 41st World Diamond Congress, to be held July 12-15, 2026, in Singapore, announced its Congress programme. The Congress will include five discussion forums or panels. They are: The World Diamond Congress is the diamond industry’s foremost global gathering, held biennially by the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association
Lucia Silvestri is the Chief Guest at Artisan Awards 2026
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has announced 8th April 2026 as the date for the prestigious Artisan Jewellery Design Awards 2026. Official theme of the Award is “Quantum Couture – Re-Engineering Beauty and Cultural Codes.” The GJEPC team declared, “We are honoured to welcome Lucia Silvestri, the creative force behind some of Bvlgari’s most iconic masterpieces,
NDC Launches World Diamond Day on April 8
Mumbai: The Natural Diamond Council (NDC) introduces World Diamond Day on April 8, 2026, a global movement that brings people together through the stories behind natural diamonds. On this day, everyone is invited to participate, from those who work with diamonds every day to those who wear, gift, or admire them. World Diamond Day is about sharing the personal and
Winners of the Mega Lucky Draw Announced
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) announced the winners of Mega Lucky Draw on 23rd March, where registered paid visitors won a Mercedes-Benz, Thar, Maruti and many more exciting bumper prizes. The Mega Lucky Draw for paid visitors on the concluding day of the IIJS Bharat Tritiya Show, added a celebratory note to the show, with lucky winners
