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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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Rio Tinto Sets First-Time India Rough Auction
Mumbai: Rio Tinto Diamonds has set out plans to bring rough diamonds for the first time directly into India from its Argyle mine in Australia and Diavik mine in Canada for auction viewings. The products will be on display at the Bharat Diamond Bourse’s new Special Notified Zone at the end of November. The viewings, open only to fully registered
'Indian Consumers Need Different Strategy'
Mumbai: Diamond retailers will be required to adopt differentiated approaches to realize the significant growth opportunity in India, the world’s third-biggest consumer market for diamonds in which demand has more than trebled over the last decade, according to De Beers. Rising incomes and aspirations could afford the industry an even bigger prize over the next 10 years, the company said
Lab-Grown Diamonds Set to Fill Projected Deficit
Singapore: Technological developments in the production of grown diamonds embody a significant opportunity as researchers predict demand will double in the next ten years, according to a report from Better Diamond Initiative. Advances in the chemical vapor deposition (CVD) technology allow the creation of large synthetic stones of jewellery-quality colour and clarity, said the report published on the Better Diamond
China Gold joins WGC
Beijing: China National Gold Group Corporation (China Gold) has joined the World Gold Council (WGC) as a member, making it the only Chinese gold mining company to join the WGC. According to WGC, China’s gold market has grown exponentially over recent decades and China is now the largest market for gold, in terms of supply and demand. The growth in
HM Sarafa Bazaar Unveils Sterling Silver Jewellery Store
Mumbai: Blending 80 years of legacy with contemporary design sensibility, HM Sarafa Bazaar, a B2B jewellery platform, announced the opening of its first experiential store, iAMORY, a modern handcrafted 925 sterling silver and lab grown diamond brand in Chandivali, Powai, Mumbai. Co-founded by a husband-and-wife duo, Archit Jain and Anokhi Jain, the new store is thoughtfully designed at the confluence
Platinum Love Bands Unveils ‘Unlock with Love’ Campaign
Mumbai: This wedding season, Platinum Love Bands breaks away from traditional product launches. The brand orchestrates an emotionally charged social experiment that captures a connection invisible to most until now. Rings have long stood as symbols of love — seen by the world, but holding meaning only the couple understands. The truest parts of a relationship are often unspoken: a
WGC Launches ‘It’s Aaj ka Gold’ Campaign
Mumbai: The World Gold Council (WGC) recently announced the launch of its first India-focussed gold ETF campaign, built around the powerful core message ‘It’s Aaj Ka Gold’ (means ‘Today’s gold). The campaign is aimed at modernizing gold investment for the nation’s digital-savvy young investors. The campaign aims to address the awareness–action gap and reinforce the accessibility, liquidity and strategic relevance
GJSCI’s Initiative on Tribal Youth Empowerment
Mumbai: The Shrimad Rajchandra Skill Development Centre, set up in partnership with the Gem & Jewellery Skill Council of India (GJSCI) in September 2022, is helping tribal youth in Dharampur, Valsad, in southern Gujarat build sustainable careers in the gem and jewellery sector. The centre offers training in jewellery CAD design, a key skill in modern jewellery manufacturing. Supported by
