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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
Top News
SDB Booking to Start from June
Surat: Diamantiares from Surat and Mumbai are set to make a beeline for Surat diamond bourse (SDB) as the core committee has decided to open booking for office spaces in the bourse from the first week of June. They will be booking space for a token amount of Rs 600 per square feet, according to a report published in The
RJC Re-Certifies Rosy Blue
New York: Responsible Jewellery Council (RJC) announced that Rosy Blue NV, Belgium-based diamantaire and one of its founding members, has achieved re-certification by meeting the highest ethical, social and environmental standards established by the RJC. “RJC warmly congratulates Rosy Blue NV on its certification,” says Catherine Sproule, RJC’s Chief Operations Officer. “We are thrilled to see our Founding Members achieving
GHI Gemological Laboratory Launches at JCK
Las Vegas: GHI Gemological Laboratory has officially launched at JCK Las Vegas. The lab will provide complete analyses, as well as additional findings such as preliminary results, light performance reports and cut grade reports for round, princess, and all major stone shapes. The lab said each diamond it receives for grading will be examined and verified by at least three
“A Diamond Is Forever” Slogan Coming Back
Las Vegas: De Beers is bringing back its classic “A Diamond Is Forever” slogan for its Forevermark advertising, the company announced at its annual Forevermark breakfast at the Four Seasons resort in Las Vegas on May 28. First coined in 1947 by a bleary copywriter at 3 a.m., the slogan was used for decades and spawned books, songs, and movies.
Zoya-Alice Cicolini Craft Limited-Edition Capsule
Mumbai: In a defining moment for Indian luxury jewellery, Zoya- India’s leading luxury jewellery atelier from the Tata Group—unveils a limited-edition capsule in collaboration with globally acclaimed British designer and curator Alice Cicolini, marking the first international creative partnership for an Indian luxury jewellery atelier. Born out of deep mutual admiration of Indian craft, the capsule pays homage to enamel—one
Candere Unveils New Store in Navi Mumbai
Mumbai: Candere, the lifestyle jewellery brand by Kalyan Jewellers celebrated for its modern, trend-led designs, has unveiled its newest retail store in Navi Mumbai, this time in the bustling commercial hub of Vashi. Located Sector 30A, the Platinum Techno Park, this new outlet marks Candere’s 8th store in Mumbai and 79th nationwide, underscoring its commitment to accessible, stylish jewellery for
India–UK BSM Builds Trade Momentum
London: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of India’s gem and jewellery industry, successfully organised the India–UK Gem & Jewellery Buyer-Seller Meet (BSM) in London, strengthening commercial ties between the two nations and paving the way for deeper engagement through the soon-to-be-signed India–UK Free Trade Agreement (FTA). Bringing together 26 leading Indian manufacturers from key
Guests of Honour at Inauguration of IIJS Premiere
Mumbai: The countdown has begun for the 41st edition of IIJS Premiere, the most anticipated B2B gem & jewellery show of the year! With preparations in full swing, the show is all set to unlock new growth, new partnerships, and your biggest breakthrough to success. The show is being organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) from
