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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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The Platinum BSM Sparks Fresh Thinking
Kochi: Platinum Guild International (PGI) India recently concluded the 2025 edition of its annual Platinum Buyer-Seller Meet (BSM) on a high note in Kochi, bringing together leading industry voices right from key manufacturers to major jewellery retail partners from across the country. The event hosted at the Grand Hyatt, Kochi, brought together 60 retailers & 14 manufacturers, making it one
Tabu Inaugurates Kalyan Jewellers’ Showroom in Mumbai
Mumbai: Kalyan Jewellers yesterday launched its all-new showroom at Phoenix Marketcity, Mumbai. Bollywood Actor Tabu inaugurated the showroom, which features an extensive range of designs from various collections of Kalyan Jewellers. Addressing the crowd, Tabu said, “I am delighted to be here today for the inauguration of the new Kalyan Jewellers showroom. It is a privilege to represent Kalyan Jewellers,
The ‘Game-Changer Move’ for India’s G&J Sector
Mumbai: India and the United Kingdom formalized a landmark Free Trade Agreement (FTA) on Thursday after years of negotiations. Officially titled the Comprehensive Economic and Trade Agreement (CETA), the deal is designed to significantly enhance bilateral trade and investment, with both nations aiming to double trade volume from the current $56 billion to over $100 billion by 2030. The CETA
GJSCI Celebrates 13th Foundation Day
Mumbai: series of events unfolded on this day at GJSCI worth sharing. It was GJSCI’s 13th Foundation Day along with Long Service Award distribution, JOSH Convocation Ceremony and Recognition of Centre of Excellence to IIGJ Delhi. On this auspicious occasion a ceremony was organized where the Chief Guest at the event were Mr. Dnyaneshwar B. Patil, IAS, Development Commissioner, SEEPZ-SEZ;
Cartier International Joins CIBJO
Milan: Cartier International, one of the world’s oldest and most prestigious luxury maisons, has joined CIBJO, the World Jewellery Confederation, as a commercial member. The company, which designs, manufactures, distributes, and sells jewellery, leather goods and watches was founded by Louis-François Cartier in Paris in 1847, and is today a subsidiary of the Swiss Richemont Group. It operate more than
India Extends Foreign Trade Policy for Six Months
New Delhi: The Government has received requests from Export Promotion Councils and leading exporters to continue with the current Foreign Trade Policy 2015-20, which had been extended from time to time, the Ministry of Commerce & Industry stated. In recent days, exporters and industry bodies have strongly urged the Government that in view of the prevailing, volatile global economic and
SSEF Celebrates 50-Year Anniversary
Basel: For 50 years, the Swiss Gemmological Institute SSEF has been at the forefront of scientific gemmological research and testing to support a thriving gemstone and jewellery trade. In tribute of both its mission and accomplishments, some 150 industry leaders and opinion-makers from around the world gathered in Basel on September 1 and 2 to celebrate the golden anniversary. Founded
India's Ministry of MSME Signs MoU with GJEPC
New Delhi: GJEPC was appointed as the implementation agency of the MSME Ministry’s Capacity Building scheme for First Time MSE (Micro & Small Enterprise) Exporters (CBFTE), which is part of the International Cooperation (IC) scheme. A Memorandum of Understanding (MoU) finalising the same was signed by Ms. Mercy Epao, Joint Secretary (SME), Ministry of MSME and Mr. Sabyasachi Ray, Executive
