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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WFDB Calls for Further Debate on Over-Grading

Antwerp: World Federation of Diamond Bourses (WFDB) President Ernie Blom has expressed his support for the industry-wide debate on the issue of over-grading taking place. He said it will be one of the issues on the agenda of the Presidents Meeting, a biennial gathering of the leaders of the 30 Presidents of the WFDB-affiliated exchanges around the world and of

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Development Plans for WJH Announced

Panama: Eli Izhakoff, Chairman of World Jewelry Hub (WJH), shared his views on the development of Latin America’s first specialized jewelry trading center. Situated in Panama, WJH represents much more than just another business or property development. According to Izhakoff, WJH is a $200 million mega-project that is aimed at elevating Latin America to the status of the world’s next

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Global Gold Market Remains Steady in Q1 2015

London: The first three months of 2015 saw stable gold demand, according to the latest Gold Demands Trends report from the World Gold Council (WGC). Total demand for Q1 2015 was 1,079 tonnes (t), down just 1% on the same period last year. Conditions differed from market to market, but at an aggregate level, these differences broadly balanced each other

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Zimbabwe’s Diamond Exports Fell 34% in 2014

Harare: Diamond exports fell by 34 percent to 5.9 million carats last year from the eastern Marange region after a slump in production, a junior government minister said. Zimbabwe is one of the world’s top diamond-producing countries, and is believed to hold 25 percent of the world’s reserves of opencast extractable diamonds, with Marange fields its major diamond source. The

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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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40 Under 40: Honouring the Next Generation of Industry Leaders

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) recognized 40 of the most promising young professionals under the age of 40 through its prestigious ‘Forty Under 40’ initiative at the IIJS Premiere 2025. This forward-looking recognition celebrates the dynamic new wave of leadership driving the future of India’s gem and jewellery industry. Launched to promote Ease of Doing Business

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