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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Top News

'Hand-Holding Makes Relationships Stronger'

New York: Americans believe hand-holding makes relationships stronger, according to a survey conducted by Forevermark as part of its Hold My Hand Forever campaign. The company launched the campaign in October, encouraging couples to share their hand-holding moments on Twitter, Facebook, and Instagram using the #HoldMyHandForever hashtag. The survey found that 94 percent of Americans in a committed relationship believe

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Zimbabwe Govt. Shuts Down 11 Gold Mines

Harare: Government has temporarily shut down 11 gold mining companies for non-compliance with mining regulations in a drastic measure to curb gold leakages and increase deliveries. Gold leakages have been cited as a major contributor to the decline in gold sales from 27 tonnes in 1999 to 12 tonnes per year now. Government’s target is to raise gold production levels

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GJEPC & US Delegation Discuss G&J Concerns

Mumbai: Mr. Charles Rivkin, Assistant Secretary, Bureau of Economic & Business Affairs, USA, along with a high level delegation held discussions with the key Gem & Jewellery Associations of India on Saturday at the Bharat Diamond Bourse (BDB). The visit aimed at interaction with key associations to understand the current state of Indo-US Gems & Jewellery Trade presented to him

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GJEPC Wins Government Award

New Delhi: India’s Gem & Jewellery Export Promotion Council was one of the winners of a prestigious award from the Ministry of Commerce, Government of India for promotion of the use of the official language of the government, Hindi, in its work during the year 2013-14. The awards were distributed by the Commerce Secretary Rajeev Kher and received on behalf

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CIBJO Blue Books to be Spotlighted

Milan: A three day course tailored for jewellery industry professionals, which will take place from August 21 to August 23, 2024, at GIT in Bangkok, Thailand, will present ethical and sustainable best practices in the various sectors of the jewellery industry, as they are delineated in CIBJO’s Blue Books. The course is being offered jointly by the recently established CIBJO

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PGI’s BSM 2024 is Shaping Industry’s Future

Kochi: Platinum Guild International (PGI) India concluded yet another successful edition of its annual ‘Platinum Buyer-Seller Meet,’ on the 4th and 5th of July 2024.  Every year, the prestigious event, brings together the leading names from across the jewellery industry and offers them a platform to collaborate and work towards collective business development for platinum. Held at the Grand Hyatt,

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Shankar Mahadevan to Enthrall IIJS Networking Night

Mumbai: Shankar Mahadevan, the celebrated Indian singer and composer will enthrall the audience at the IIJS Networking Night on 8th August, 2024. The musical event is supposed to be unforgettable experience! Work hard and party even harder as you connect with buyers and live candid moments together. Shankar Mahadevan is among the greatest Indian vocalists alive, having risen to fame

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GJEPC Targets Key Bangladesh Retailers 

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has launched an extensive visitor promotion campaign for the upcoming IIJS Premiere 2024 in Bangladesh from 6th to 13th July. Mr. Kaushik Ghosh, Assistant Director Kolkata, GJEPC, is actively engaging with executive members of the Bangladesh Jewellers Association (BAJUS) to highlight the significance of this year’s IIJS Premiere. The promotion is

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