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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 Largest Platinum Experience Zone at Kalamandir Jewellers, Vadodara
Vadodara: Kalamandir Jewellers has unveiled India’s largest Platinum Experience Zone at its new flagship store in Vadodara, creating a dedicated destination for consumers to explore platinum jewellery across designs, occasions andprice points. The launch strengthens the visibility of platinum jewellery in Gujarat and complements Platinum Guild International’s (PGI) ongoing efforts to build awareness and appreciation for the metal through consumer education, design innovation
JGW Hong Kong Begins from 14th September
HONG KONG: Next month, the global jewellery industry has only one destination: Hong Kong. Organised by Informa Markets, JGW September (Jewellery & Gem World September) brings together 3,000+ exhibitors from 40+ countries and regions, all showcasing the collections that will define retail displays worldwide. This is the trade’s ultimate B2B sourcing destination: Six specialised buying experiences where attendees move beyond
GSI Issues India’s First Pigeon Blood Reports
Jaipur: Gemological Science International (GSI), one of the world’s largest gemological organizations, has begun issuing colored stone reports carrying recognized color trade names — Pigeon Blood for ruby, Royal Blue and Padparadscha for sapphire — in Jaipur and Mumbai. It is the first time such reports have been issued in India. The designations are granted only to untreated stones. Heated, diffused or otherwise enhanced material is
Sky Gold Enters MSCI India Domestic Small Cap Index
Mumbai: Sky Gold & Diamonds Ltd, one of India’s fast-growing jewellery manufacturers, has been added to the MSCI India Domestic Small Cap Index, as part of the latest index review announced by MSCI. The inclusion marks an important milestone for Sky Gold, reflecting the company’s growing presence and relevance within India’s listed small-cap universe. A key development during the current quarter
Stop Ongoing Flow of Conflict Diamonds: KPCSC
Johannesburg: The Kimberley Process Civil Society Coalition (KPCSC), which acts as an observer of the Kimberley Process on behalf of civil society, has demanded action from members of the diamond mining and jewellery industries to stop the ‘ongoing flow of conflict diamonds’.It said following a webinar held on 20 October that there are four key actions the industry can take
IIJS Signature 2022 from 6th Jan at a New Venue
Mumbai: After the tremendous success of IIJS Premiere in Bengaluru in September 2021, the Gem & Jewellery Export Promotion Council (GJEPC) now announces the dates and venue for the 14th edition of IIJS Signature. The show will be held from 6th to 9th January 2022 at JIO World Convention Centre (JWCC), a prestigious new exhibition space in Mumbai. IIJS Signature
Antwerp Renews MoU with DRC
Antwerp: Antwerp, led by umbrella organization AWDC, yesterday welcomed the new minister of mines of the Democratic Republic Congo, Mrs Antoinette N’Samba Kalambayi and the General Directors of the Ministry’s two main diamond institutes, the CEEC and SAEMAPE, on a working visit to Antwerp. The delegation was welcomed first by the AWDC leadership, before embarking on an extensive tour of
NDC Launches Definitive Tome On ‘Diamonds’
Mumbai: The Natural Diamond Council (NDC), in partnership with New York-based publishing house Assouline, is launching a coffee-table book called Diamonds later this month. Diamonds is a collection of anecdotes from a host of interesting people starring the world’s most sought-after tangible luxury good. The book features celebrities like Maria Borges, Dua Lipa, Gigi and Bella Hadid, and Shawn Mendes
