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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RBI Increases Gold Loan Availability

Mumbai: The Reserve Bank of India (RBI) has eased rules for gold loans. Those who are seeking loan against gold can now get up to 85% of the gold value as a loan, up from 75%. This new Loan-to-Value (LTV) cap applies to total loan amounts up to ₹2.5 lakh, including interest. For example, if your gold is worth ₹1

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De Beers Launches ‘Ombré Desert Diamonds’ Jewellery Beacon

Las Vegas: De Beers Group yesterday unveiled compelling new downstream propositions focused on driving desire for natural diamonds as a category and on differentiating polished diamonds sourced from De Beers Group, according to a press release published on the Group’s website. At the annual JCK Las Vegas Show – the largest jewellery event in the global calendar – De Beers

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SAJEX ’25:Where the World of Luxury Jewellery Unites

Jeddah: SAJEX 2025 is the definitive B2B jewellery exhibition, bringing together the finest jewellers, designers, manufacturers, and industry leaders from around the world. As the premier trade platform in Saudi Arabia, SAJEX 2025 serves as a gateway to the thriving Middle Eastern jewellery market, fostering business opportunities, innovation, and global collaborations. Explore Sajex- 2025, the world gem and jewellery fair

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GSI Launches B2B GSI Stock Exchange Platform

Mumbai: Gemological Science International (GSI), one of the gemological organizations, has introduced the cutting-edge B2B GSI Stock Exchange. This platform is meticulously crafted to aid jewellery manufacturers in efficiently sourcing goods for their GSI certified jewelry programs, providing a vital resource for seamless transactions within the industry. The GSI Stock Exchange offers both natural and lab-grown diamonds in its diverse

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IIGJ Launches Pearl Identification Service

Jaipur: IIGJ-Research & Laboratories Centre (IIGJ-RLC), a unit of the Gem & Jewellery Export Promotion Council (GJEPC) has launched the much awaited service of pearl identification in Jaipur on 7th March 2024. Mr. Vipul Shah, Chairman of the GJEPC, along with Mr. Kirit Bhansali, Vice Chairman (GJEPC), Mr. Nirmal Kumar Bardiya, Regional Chairman (GJEPC Rajasthan Region), Dr. Nawal Kishore Agrawal,

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India’s 1st Mega CFC for G&J Ind. Opens

Mumbai: India’s first Mega Common Facility Centre opens in SEEPZ SEZ Mumbai for the gem & jewellery industry. Shri Piyush Goyal, Hon. Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Govt of India, graced the commencement ceremony of Bharat Ratnam, India’s pioneering Mega Common Facility Centre (CFC) situated in SEEPZ SEZ, Mumbai. Bharat Ratnam

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Devendra Fadnavis Inaugurates G&J Training & Skilling Centre

Ratnagiri: Mr. Devendra Fadnavis (Hon’ble Deputy Chief Minister of Maharashtra) and Mr. Uday Samant (Hon’ble Minister of Industries) inaugurated a gem and Jewellery (G&J) training & skilling center in Ratnagiri. This initiative has been spearheaded by the apex trade body Gem & Jewellery Export Promotion Council (GJEPC) sponsored by the Union Ministry of Commerce & Industry. As India is being

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