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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
Top News
Dhoni’s Unbreakable Legacy with Men of Platinum
Mumbai: As the IPL season kicks off, cricket fever reaches its peak and Thala gears up to don the yellow jersey once again, igniting passion in fans across the country. For every MS Dhoni loyalist, it’s more than just a game—it’s an unbreakable bond, built on faith, resilience, and moments that live forever. This season, honour the legend and wear
Concern about Irradiated Rubies and Sapphires
Milan: The World Jewellery Confederation (CIBJO), the American Gem Trade Association (AGTA) and the International Colored Gemstone Association (ICA) are once again expressing concern about the presence in the marketplace of irradiated rubies and sapphires, particularly sourced in Sri Lanka. The materials in question, which have a pleasing but temporary appearance, were earlier reported upon in a 2022 press release
Mia by Tanishq Opens in Oberoi Mall, Mumbai
Mumbai: Mia, from the house of Tanishq, one of India’s leading fine jewellery brands, strengthened its presence in Mumbai with the launch of its latest flagship store at Oberoi Mall, Goregaon. The store was launched by Mr. Sanjay Bhattacharjee, Retail Head, Mia by Tanishq. Designed to offer an immersive and elevated shopping experience, the new store reflected Mia’s commitment to making contemporary
IIJS Tritiya Opens in Bengaluru
Bengaluru: The 3rd edition of IIJS Tritiya 2025, India’s 3rd largest and most comprehensive B2B jewellery show, organized by the Gem & Jewellery Export Promotion Council (GJEPC) opened at the Bangalore International Exhibition Centre (BIEC) from 21st to 24th March 2025. Mr. M.B. Patil, Minister of Large & Medium Industries and Infrastructure Development, Government of Karnataka, inaugurated IIJS Tritiya 2025 along with Dr. Sharavana
Praveen Shankar Pandya Elected Chairman of GJNRF
Mumbai: Gem & Jewellery National Relief Foundation (GJNRF), the body that coordinates social intervention by the gem and jewellery industry in India, especially during crisis periods, recently elected its new Board of Trustees for 2023-26. The members of the Board subsequently elected Praveen Shankar Pandya as the Chairman and Sanjay A. Kothari as Managing Trustee for the three-year term. Arun
Swarovski to Stage Landmark Exhibition
Shanghai: Swarovski is to unveil a major brand exhibition in Shanghai this September celebrating almost 130 years of its storied heritage as Masters of Light across the worlds of fashion, jewelry, and pop culture. Entitled Swarovski – Masters of Light from Vienna to Shanghai, the exhibition will explore the crystal Maison’s artistry and savoir-faire as well as its unique impact on
CIBJO Publishes Diamond Commission Report
Milan: With fewer than seven weeks to go to the opening of the 2023 CIBJO Congress in Jaipur, India, on October 3, 2023, the fourth of the pre-congress Special Reports has been released. Prepared by the CIBJO Diamond Commission, headed by Udi Sheintal, the report looks at how changes in industry standards and nomenclature are affected by developing geopolitical situations,
Zimbabwe Stockpiles 300,000 Cts. of Diamonds
Harare: The Reserve Bank of Zimbabwe (RBZ) has stockpiled 300,000 carats of diamonds under new regulations which compel miners to pay half of their royalties using commodities, the state-run Sunday Mail reported. Central bank governor John Mangudya also told the Harare-based newspaper that gold reserves stood at around 350 kilograms, or around $20 million in US dollars. The value of
