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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India Pavilion Dazzles at Watch & Jewellery Show

Sharjah: The India Pavilion shined bright on the opening day of the Watch and Jewellery Show Middle East 2025 with 12 exhibitors (Badalia Gems Private Limited, Rajesh Gems, Diarah Jewels Private Limited, Sejal Exports (India), N K Jewels, Fine Colour Gems Private Limited, N.J. Gems, Shubham Motiwala & Jewellers Pvt. Ltd, Manoj Ornaments Pvt. Ltd.) The Pavilion is being organized

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Botswana President to Headline WFDB Meeting

New York: The World Federation of Diamond Bourses (WFDB) Presidents’ Meeting, June 10–11 in New York, will feature an illustrious list of speakers, led by Botswana President Duma Boko and U.S. Secretary of Commerce Howard Lutnick and including Angolan Minister of Mineral Resources, Petroleum, and Gas Diamantino Azevedo and Botswana Minister of Minerals and Energy Bogolo Kenewendo. The meeting, which

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Platinum Love Bands Unveils ‘Wedding Edition’

Mumbai: As the summer wedding season reaches its vibrant peak, Platinum Love Bands unveils ‘The Wedding Edition’, a thoughtfully curated collection of couple bands designed to mark a once-in-a-lifetime love story. Rooted in the insight that real commitment comes from emotional clarity, these platinum bands are more than symbols — they are promises. Crafted in 95% pure platinum – Platinum

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Civil Society Questions the “Breakthrough”

Dubai: The Kimberley Process Civil Society Coalition (KP CSC) attended the Kimberley Process (KP) intersessional meeting in Dubai from 12–16 May. Statements made at the close of the meeting declared a breakthrough in the long-standing debate over revising the KP’s notoriously narrow definition of conflict diamonds. From the KP CSC’s perspective, it is unclear where such a breakthrough occurred—unless the

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Gold Recycling to Gain Ground in Asia: WGC

Boston: Gold recycling in Asia is expected to gain ground as China and India continue to be major centres of global gold demand, according to a recent report by the World Gold Council (WGC) and the Boston Consulting Group. The report, “The Ups and Downs of Gold Recycling,” discussed market drivers and challenges in the global gold recycling industry. According

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AWDC Renews Support of DDI

Antwerp: Antwerp World Diamond Centre (AWDC) has made an important contribution to the Diamond Development Initiative (DDI), announced the AWDC and DDI. This year’s grant will be the third donation from the Centre in support of DDI’s work in bringing development to artisanal mining communities. Ari Epstein, CEO of the Antwerp World Diamond Council, said, “AWDC supports DDI because it

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Miners Urged to Start Generic Promotion

Surat: The Gem and Jewellery Export Promotion Council (GJEPC) of India has urged the diamond mining companies of the world, including De Beers, to embark upon generic promotion to sustain the diamond dream. GJEPC office-bearers said generic promotion is extremely important because of huge competition from luxury items, not necessarily jewellery. Generic promotion will position diamond as a valuable product

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EGL Rights Holders Reorganize Israel Operations

Ramat Gan: The holders of EGL rights in Israel and Guy D. Benhamou announced on Wednesday that the Eurogem laboratory in Israel (also known as EGL International), located in the Noam Building, Tuval Street 21, in Ramat-Gan, will be ending its operations as an EGL laboratory as of April 2, 2015. EGL thanks Benhamou for his 23 years of service

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