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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New Export Opportunities for India’s G&J in Saudi Arabia

Jeddah: The Saudi Arabia Jewellery Exposition (SAJEX 2025), the first-ever dedicated B2B gems and jewellery (G&J) exhibition in the Kingdom, was inaugurated yesterday at the iconic Jeddah Superdome. Organized by the Gem & Jewellery Export Promotion Council (GJEPC) with the support of the Ministry of Commerce & Industry, Government of India, the Embassy of India in Riyadh, and the Consulate

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IFJA, a Design School for Jewellery Launched

Milan: The International Fine Jewellery Academy (IFJA), a jewellery craftsmanship and design school that will be based in Milan, Italy, was officially launched on September 6, during a presentation about the new institution that was a highlight of the CIBJO seminar series at the September 2025 edition VICENZAORO jewellery show in Vicenza. As described by its founders, the International Fine

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BDB Shines at Secure India Summit 2025

New Delhi: The Bharat Diamond Bourse (BDB) has been shortlisted and ultimately crowned the Winner of the Safe and Secure Corporate of the Year 2025 Award.  The event was organized by the Times Group at the inaugural ‘Secure India Summit 2025’ at the iconic Bharat Mandapam, New Delhi. This incredible achievement underscores BDB’s unwavering commitment to maintaining the highest standards

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WGC Launches “The Moment is Gold” Campaign

Mumbai: The World Gold Council (WGC) yesterday unveiled its new gold jewellery campaign in India. ‘The Moment is Gold’ campaign aims to enhance the relevance and aspiration of gold jewellery amongst Gen Z and Millennials. The campaign showcases gold jewellery as an integral part of everyday moments and fosters a deeper emotional connection with gold, while positioning it as a

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First CFC for Jewellery Inaugurated in Rajkot

Ahmedabad: Chief Minister of Gujarat Mr. Bhupendrabhai Patel, along with Mr. Dinesh Navadia, Regional Chairman, Gujarat, GJEPC inaugurated the first Common Facility Centre (CFC) for Jewellery in Rajkot on 13th May. The CFC is set up by the Gem & Jewellery Export Promotion Council (GJEPC) with the support of Ministry of Commerce and Industry. The objective of CFC is to

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Diamond Prices Rising due to Sanctions against Alrosa

Mumbai: Diamond prices are on the rise as sanctions on one of the world’s two mining giants spread throughout the supply chain. In the past, the industry could turn to giant De Beers to get extra gems when supply was tight, but not this time. According to Bloomberg, citing sources, the price of a small rough diamond has jumped by

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China to Hold LGD Ind. Development Congress

Beijing: Panyu, an urban district of the prefecture-level city of Guangzhou in China will welcome the First China International Laboratory-Grown Diamond Industry Development and Innovation Congress (LGD-IDIC) to be held on May 18-19, 2022. The Congress is organized by the Guangzhou Diamond Exchange (GZDE) and will be focused on sustainability, new opportunities, and building an ecosystem for the laboratory-grown diamond

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PGI Launches New Campaign for Platinum Season of Love

Mumbai: Platinum Guild International (PGI) India announces the of launch of its signature annual retail activation– Platinum Season of Love, a month-long initiative from 6th May 2022 to 5th June 2022. Emboldened by the immense success of its previous editions, this fifth edition of Platinum Season of Love, brings together all 3 brands of platinum to celebrate choosing love first as we

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