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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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Take Blood Donation Pledge on Jeweller’s Day
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is calling upon every citizen to take a Blood Donation Pledge on Jeweller’s Day and actively participate in blood donation drives that will follow, in honour of the skilled craftsmen who are the backbone of India’s gem and jewellery industry. This initiative reflects the industry’s deep commitment to social responsibility and
Elton John Reveals Golden Moments of His Life
Mumbai: The World Gold Council (WGC) has unveiled a new documentary, ‘Touched by Gold’, a powerful exploration of gold’s enduring influence on culture, creativity, and society, told through the voice and life stories of Elton John. Touched by Gold charts his pervasive connection to gold, granting audiences an exclusive look at his personal archive and revealing the intimate ways gold
Mumbai Gold Entities to Elevate Industry Standard in India
Mumbai: The dynamically growing Indian gold industry has a new custodian created by the gold industry, for the gold industry. The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization (SRO) is all set to implement the framework for the current gold ecosystem by promoting fair, transparent, and sustainable practices under a strict Code of Conduct outlining the
Gemfields Generates $32 Mln. from Emerald Auction
London: Gemstone miner Gemfields generated $32 million in revenue from an auction of high-quality rough emeralds sourced from its 75%-owned Kagem mine in Zambia. The auction, held from August 25 to September 11, saw all 38 lots successfully sold at an average realised price of $160.78/ct. Among the highlights was an exceptional 11 685 ct gemstone, named Imboo (meaning “buffalo”),
Convocation Ceremony of Josh's 1st Batch Pass Outs
Mumbai: GJSCI’s Jewellery Occupational Skilling Hub (JOSH) conducted the Convocation Ceremony of its students who passed out from the first batch. The JOSH Skilling Centre was inaugurated on 3rd May, 2022 for training under the job roles Filer & Assembler, Metal Setter and Polisher & Cleaner. This centre has been set up through CSR contributions by Industry Partners from the
Anupam Kher, Sonali Bendre Grace 48th IGJA
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) hosted the 48th edition of India Gem and Jewellery Awards (IGJA), in association with World Gold Council, powered by GIA and co-partner Gold Star. A total of 35 awards were given away at IGJA 2021, one of the foremost recognition platforms for the jewellery sector in India, encouraging exports and award excellence
Deepika Padukone Graces GJEPC’s ‘Jewellers for Hope’ Charity Dinner
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organised the 7th edition of its charity dinner ‘Jewellers for Hope’ in association with World Gold Council (WGC), De Beers, and Powered by GIA. As every year, this year too, the event raised Rs. 1 Crore from Jewellers. The proceeds of the charity dinner were donated to leading Bollywood actress Deepika
Hema Malini Inaugurated the IIJS Premiere 2022
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem & jewellery trade, kick started its flagship show IIJS premiere 2022 today. The show was inaugurated by Ms. Hema Malini, Member of Parliament along with Mr. Colin Shah, Chairman, GJEPC; Mr. Vipul Shah, Vice Chairman, GJEPC; Mr. Shailesh Sangani, Convener, National Exhibitions, GJEPC; and Mr.
