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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IDE Mulls Creating Large Diamond Factory

Ramat Gan: The Israel Diamond Exchange (IDE) is considering opening a manufacturing plant for the polishing of large diamonds, according to information posted on its website. The IDE’s Industry Committee has invited members of the bourse to a discussion of the facility on September 7. Plans calls for converting 400 square meters of currently unused space into a factory. The

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ALROSA Releases Social & Environmental Report

Moscow: ALROSA published Social & Environmental Report. The Report was prepared in accordance with the “core” level of the new GRI G4 Sustainability Reporting Guidelines. The Report is to inform a wider audience about ALROSA’s major contribution to three areas of sustainable development: economy, environment and social systems. The Company’s social and environmental performance, commitments to the shareholders, clients and

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India Has No Plans to Amend FTA with ASEAN

New Delhi: India is not likely to amend its free trade agreement (FTA) with the 10-member Association of South East Asian Nations (ASEAN) to curb the sharp increase of gold jewellery imports from the region. The Indian Commerce Ministry, which has been alerted by the country’s Revenue Department about the sudden spurt in gold jewellery imports at preferential duties through

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Tanzanite Mines May Become Tourist Destinations

Dar-Es-Salaam: The Tanzanian government is considering turning the country’s tanzanite mines into “thrilling” tourist destinations, according to media reports. Energy and minerals minister George Simbachawene was quoted by Chinese news agency Xinhua as saying that the move was part of the East African nation’s efforts to diversify its tourist products. He said tanzanite mines were “popular” as Tanzania was the

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Celebrate Rakshabandhan with Platinum

Mumbai: Rakshabandhan has always been about celebrating the quirks, chaos and quiet strength that defines sibling relationships. Over the years, gifting has become an integral part of the festival – a way to celebrate love, spark new memories and cherish old ones. As this exchange becomes more thoughtful, platinum jewellery is stepping into the spotlight as the go-to choice for

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Hari Krishna Exports Wins Sustainability Award

Hong Kong: Seven enterprises demonstrating the global jewellery industry’s commitment to positive change have emerged victorious in the Sustainability Awards 2025 by JWA (Jewellery World Awards). Representing a truly international showcase of excellence, the winning companies from China, Hong Kong, India, Italy, the US and Vietnam will be honoured during the Fair Reception of Jewellery & Gem WORLD Hong Kong

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GJSCI Conducts ‘Train the Trainer’ Program

Mumbai:   Skilling being at the core of GJSCI’s activities, a Special Program was curated by the institute to Train the Trainer.   It was a 3 day long Training Program which commenced on 31st July upto 2nd August, 2025.  Imitation Jewellery Maker & Artificial Jewellery Maker jobroles were shortlisted for this program.  A total of 12 Trainers participated in this intensive

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GJEPC Celebrates 60th Anniversary in Grand Style

Mumbai: india’s Gem & Jewellery Export Promotion Council (GJEPC) has completed 60 years of its inception. It was a full house at Innov8 Launchpad, Hall No. 1, IIJS Premiere 2025, on 4th Aug. The occasion was graced by all former Chairmen and esteemed veteran members of the Council, making it a truly memorable gathering. The event concluded with an employee

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