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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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

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GJSCI Launches Digital Learning Platform

New Delhi: The Gem & Jewellery Skill Council of India (GJSCI), under the aegis of National Skill Development Corporation (NSDC)  recently launched the new digital learning platform in Delhi, to skill and upskill 1 lakh Jewellery Retail Sales Associates across India by end of 2016. The programme, developed by Tech Partner – Qustn Technologies, was launched by Chief Guest –

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CIBJO to Sponsor Jewelry Industry Summit

New York: The World Jewelry Confederation has signed on as the latest sponsor of the Jewelry Industry Summit. As well as giving financial support, the organization said it will urge its members to participate in the event. “CIBJO’s mission is fully aligned with the goals of the Jewelry Industry Summit,” said president Gaetano Cavalieri. “Engaging in responsible sourcing is a

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Rough October Fest at IDE Announced

Ramat Gan: The Israel Diamond Exchange (IDE) will be hosting multiple rough diamond tenders and sales events during the month of October, in the Ramat Gan diamond trading complex.  In addition to rough diamond tenders and auctions held by Rio Tinto, De Beers Auction Sales and Tzoffey’s 1818, a ‘Blue-White’ Diamond Dealing Day will be held in the IDE trading

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GJEPC Hosted IIJS Bharat Retailer Connect Session

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully hosted the IIJS Bharat Retailer Connect session at the PHD Chamber of Commerce, Delhi, on 19th Feb 2026, in association with the Maliwara Jewellers Association, Delhi Jewellers Association, Greater Kailash Jewellers Association and East Delhi Jewellers Association. Mr. Antarpal Singh Sawhney, Regional Chairman–North, inaugurated the seminar, which saw participation

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US & Japan to Invest $550 bln. on Synthetics

New York: The governments of the United States and Japan are reportedly considering directing a portion of a proposed $550 billion investment package toward establishing synthetic diamond production in the U.S., as part of a broader effort to strengthen critical technology supply chains. At the heart of the initiative is a planned synthetic diamond manufacturing facility in the United States,

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The Tariff is Illegal: US Supreme Court

Washington: US trading partners, including India, that have reached tariff deals with Donald Trump’s administration before the Supreme Court verdict, will now face a 10 per cent duty, despite higher levels they may have agreed on previously, the White House has said. The certification came after the US Supreme Court struck down Trump’s sweeping and often arbitrary duties, delivering a

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PNG Jewellers Receives IAGES Accreditation  

Mumbai: India’s gold industry is set to achieve the highest standards of ethical and responsible business practises followed, as more gold entities receive their Indian Association for Gold Excellence and Standards (IAGES) accreditation. Joining the fast-growing pan India network of verified gold retailers is the leading legacy brand PNG Jewellers (PN Gadgil Jewellers Ltd) that has received its IAGES accreditation.

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