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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Antwerp's Diamond Figures Drop Slightly

Antwerp: The Antwerp diamond sector’s trade figures in October decreased slightly compared to the same month last year. Figures show that slightly fewer polished diamonds were traded, but the value of diamonds traded was higher compared to the value of polished diamonds traded in October last year. Rough diamond trade figures also show a decline compared to October 2013, but

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CIBJO Moots Carbon-Free Jewellery Industry

London: CIBJO President Gaetano Cavalieri has held a meeting in London with Lord Deben, Chairman of the Independent Committee on Climate Change in the United Kingdom, during which they discussed CIBJO’s educational programme for a carbon-free jewellery industry, which was outlined at the CIBJO Congress in Moscow in May. A renowned authority on environmental sustainability, Lord Deben also chairs the

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KP Faces Fractious Battle Over '15 Vice-Chair Vote

Guangzhou: One of the biggest questions facing delegates at the plenary meeting of the Kimberley Process in Guangzhou, China which started yesterday and ends on November 14 will be which country is elected as Vice Chair for 2015. With Angola set to become Chair on January 1, Dubai and Australia are the candidates for the position of Vice Chair. However,

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Platinum is Prominent Choice of Young India

The never-ending attraction for jewellery can certainly not be measured, as it’s always been an essential part of India’s ethos through history and culture. The relationship and need that the young consumer has with jewellery today is very strong; indicates a recent Platinum Guild International qualitative research, conducted across 7 metros in India with over 250 women to understand Indian

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India Pavilion at HK Fair Features 72 Companies

Hong Kong: The Jewellery & Gem World Hong Kong (JGW) has made a return to its signature “One Fair, Two Venues” B2B format, with over 3,500 exhibitors converging to showcase their latest collections to trade buyers from around the world. Organised by the GJEPC, the India Pavilion at Asia World-Expo (AWE) from 18th-22nd September boasts an impressive 72 companies occupying

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NDC Partners with Jewellery Brands in China

Mumbai: The Natural Diamond Council (NDC) recently announced a strategic partnership with two prominent leaders in China: DR Diamond Ring (Darry Ring), the world’s leading engagement ring brand(*), and LIU GUI FU JEWELRY, a renowned Chinese jewellery brand. Together, they will produce a range of digital content, online and offline communication projects. In addition, they will also leverage their educational

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Kareena Kapoor Opens Women Entrepreneurs’ Exhibition

Mumbai: The 36th edition of the most anticipated event in the city – the Women Entrepreneurs’ Exhibition organized by the Ladies’ Wing of the IMC Chamber of Commerce and Industry opened yesterday. For over five decades, the Wing has championed women’s empowerment, fostered entrepreneurship, and promoted economic growth through its innovative initiatives. This popular event was a spectacular showcase of

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5th Bharat Diamond Week from 2nd Oct

Mumbai: The Bharat Diamond week (BDW) is an exclusive Diamond and Diamond Jewellery Exhibition organized by Bharat Diamond Bourse [BDB] within the BDB complex in Mumbai, India.  This 5th edition of BDW has confirmed Buying delegations from Diamond buying fraternity. Close to 50 large medium sized and small Diamond companies have confirmed booth space and would be showcasing exclusive high quality diamonds and

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