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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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India's Platinum Demand Rose 25% in 2014
Mumbai: India is emerging as one of the key platinum markets of the world. According to World Platinum Investment Council (WPIC), the country accounted for 38% of the global platinum demand in 2014. The platinum jewellery and industrial use demand increased significantly during the year. The rising demand trend is expected to continue in 2015, WPIC stated. As per statistics,
Forevermark Hosts Fourth Partner Forum
Orlando: Forevermark’s CEO, Stephen Lussier, and Forevermark U.S.’s president, Charles Stanley, addressed a Forevermark partner audience of over 400 people on the challenges facing the diamond industry at the fourth annual Forevermark Forum in Orlando, Florida. Invited speaker Peter Sheahan noted, “The fact that the world of retail diamond sales is changing is not new to anyone. Whether you be
IBJA May Receive ‘Gold Council’ Status
Mumbai: The India Bullion and Jewellers Association (IBJA) may receive ‘Gold Council’ status, with the Prime Minister’s Office sending a representation to this effect to the Ministry of Trade and Commerce. The Gold Council status will make IBJA an apex body and enable it to represent the industry with the Government on policy issues. Suresh Jain, past president, IBJA, said
WFDB Exco Meeting and Asia Summit Ended
Shanghai: The World Federation of Diamond Bourses (WFDB) Executive Committee (Exco) Meeting and Asia-Pacific Presidents’ Summit held in Shanghai on March 9 and 10 have ended after two days of intensive discussions on a range of crucial issues affecting the global diamond industry. Regional WFDB presidents, along with WFDB President Ernie Blom, were hosted by the Shanghai Diamond Exchange. Among
Arvog Opens First Gold Loan Branch in Chennai
Chennai: Arvog, a smart-tech-enabled diversified finance company that provides financial products and services, particularly focusing on digital lending for personal and gold loans, announced the launch of its first Gold Loan Branch in Chennai, marking a strategic milestone in the company’s expansion into South India. The setting up of the branch will serve as a physical touchpoint for consumers to
Aupulent Jewellery Marks Milestone in Ethical Luxury
Mumbai:: Aupulent Jewellery, India’s lab-grown diamond brand, is redefining modern luxury with a powerful blend of legacy craftsmanship and sustainable innovation. Founded in 2021 by Surya Jain, a 5th-generation jeweller with a 150-year family heritage, the brand has quickly emerged as a frontrunner in the lab-grown diamond sector—championing a future where fine jewellery is both ethical and accessible. From its inception,
Rosy Blue Foundation Launches Scholarship
Mumbai: The Rosy Blue Foundation, the philanthropic arm of Rosy Blue, a global leader in the diamond and jewellery industry, proudly announces the official launch of the Arunkumar & Ramniklal Mehta (ARRA) Scholarship, following a successful pilot phase in 2024. Established in memory of Late Shri Ramniklalbhai Rajmalbhai Mehta and Late Shri Arunkumar Ramniklalbhai Mehta, this flagship initiative aims to
Candere Signs Shah Rukh Khan as Brand Ambassador
Mumbai: Candere, the lifestyle jewellery brand from the House of Kalyan, has appointed Shah Rukh Khan as its brand ambassador, marking a pivotal moment in its national expansion strategy. This partnership underscores Candere’s commitment to redefining jewellery for a new customer category – celebrating individuality, meaningful gifting, and everyday self-expression. With his global appeal and timeless charm, Shah Rukh Khan
