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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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GJEPC Presented Artisan Awards ’25
Mumbai: The much-anticipated Artisan Awards 2025 concluded on a grand note, with Princess Gauravi Kumari of Jaipur gracing the occasion as the esteemed chief guest. Known for her patronage of art and culture, Princess Gauravi presented the awards to the winners, lauding their ingenuity and dedication to preserving Indian craftsmanship and design. The 8th edition of The Artisan Awards, was
New Social Media Campaign for Natural Diamonds
Antwerp: The World Federation of Diamond Bourses (WFDB) has launched a social media campaign to promote natural diamonds. Called “Moments” the campaign celebrates the emotional significance of natural diamonds in life’s most cherished memories. The first post features a mother gifting her diamond ring to her daughter, saying ‘This diamond has seen me through life’s most precious moments, and now
Jemora Gemhouse: A New Auction House
Dubai: Jemora Gemhouse, an innovative auction house dedicated to rare and valuable polished coloured gemstones, is set to redefine the gemstone market by bridging the gap between coloured gemstone owners and an exclusive network of buyers. Jemora Gemhouse (JGH), led by Dev Shetty and his team, establishes a sanctuary for the world’s rarest gems. Known for the turnaround of Gemfields,
UAE Ambassador to India Visits GJEPC Mumbai
Mumbai: H.E. Dr. Abdulnasser Alshaali, PhD, Ambassador of the UAE to India, visited the GJEPC head office and the Bharat Diamond Bourse (BDB) in Mumbai on 23rd January 2025. He was warmly welcomed by Mr. Kirit Bhansali, Vice Chairman, GJEPC; Mr. Anoop Mehta, President, BDB; Mr. Milan Chokshi, Convener – PMBD, GJEPC; Mr. Mehul Shah, Vice President, BDB; and Mr.
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
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,
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
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
