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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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JNA Awards 2014: Deadline for Entries Extended to 8th May
Hong Kong: JNA Awards, the annual industry-wide event that honors the innovators and leaders of the international jewellery industry, with a focus on their achievements and contribution in Asia, has now extended the deadline for accepting entries up to 8th May, 2014, an official press release issued by the organizer says. Individuals or companies may submit their entries or on behalf
CIBJO Releases Colored Stone Special Report
Milan: With fewer than five weeks to go to the opening of the 2014 CIBJO Congress in Moscow on May 19, 2014, the fourth of the CIBJO commissions Special Reports has been released, as stated in a press brief. Prepared by the CIBJO Colored Stone Commission, headed by Nilam Alawdeen, the report focusses on the proper disclosure of gemstone treatments and
Indias Silver Jewellery Exports Double
Mumbai: A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India, reports Mineweb. Indias silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gem
AGL Celebrates Five Years under New Management
New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did
GJEPC Signs MOU with NSIC
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) signed a Memorandum of Understanding (MoU) on 29th January, 2021, with the National Small Industries Corporation (NSIC) for the mutual benefit of their members. The MoU was signed by U.K. Kohli, General Manager (BD- Machine Selling) and Colin Shah, Chairman, GJEPC in the presence of Director (Planning & Marketing) The NSIC,
India’s Gold Demand Down by 35% in 2020
Mumbai: India’s gold demand for 2020 hit levels last seen in 1995 due to a devastating combination of Covid-related lockdowns and all-time high prices. The country’s gold demand last year was 446.4 tonnes compared to 690.4 tonnes in 2019, a year-on-year decline of 35%, the World Gold Council’s (WGC’s) latest Gold Demand Trends report states. Somasundaram PR, Managing Director of
PGI Showcases Platinum Bands for Valentines Day
Mumbai: Platinum Days of Love by Platinum Guild India (PGI) showcases exquisitely crafted Platinum Love Bands as a fitting tribute to growing #StrongerInLove this Valentine’s Day! To couples who have displayed values of strength, resilience, patience, and optimism through a tough whirlwind of a year. Each set of love bands pays an ode to the unique journey of the one who adorns it. While
Khimji Jewels Ventures into E-Commerce Market
Mumbai: Khimji Jewels has ventured into the online ecosystem with the launch of its new and intuitively responsive e-commerce platform – khimjijewels.com. A leading and highly trusted name in the gold jewellery and precious stone segment and with a legacy of over 84 years, the brand is now offering an online jewellery buying experience for buyers across India through the
