We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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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
India Revises Nov Gold Import Data by $5 Billion
New Delhi: The India Government has revised downwards the gold import data for November to $9.8 billion, a sharp reduction from the earlier announced figure of $14.8 billion, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) released on Wednesday. The $5 billion revision is attributed to a ‘calculation error’ caused by the alleged double counting
‘INDRA’ Launched to Promote Natural Diamonds
Mumbai: De Beers Group, the world’s leading diamond company, and the Gem & Jewellery Export Promotion Council (GJEPC), India’s apex jewellery trade body, yesterday announced the commencement of a strategic collaboration to strengthen the natural diamond narrative within the Indian gem and jewellery trade. The collaboration titled, INDRA – Indian Natural Diamond Retailer Alliance, will focus on supporting independent retailers in India
CIBJO Seminars at Vicenzaoro
Milan: CIBJO’s long-running Jewellery Industry Voices webinar and seminar series will kick off its sixth season in typical fashion, at the VICENZAORO show in Vicenza, Italy. As was the case last year, seven hybrid seminars will take place – in person at the Fiera di Vicenza exposition centre, and simultaneously live streamed. They will be held over two days, on Saturday,
Kumar Mangalam Birla Graces IIJS Signature 2025
Mumbai: Industry luminary Mr. Kumar Mangalam Birla, Chairman of the Aditya Birla Group, visited IIJS Signature on 6th January 2025. During his visit, Mr. Birla was briefed by Mr. Nirav Bhansali, Convener of National Exhibitions, GJEPC and Mr. Sabyasachi Ray, Executive Director, GJEPC, about the Council’s key initiatives and activities aimed at driving growth and development of the Indian jewellery
Call for Direct Flights Between Belgium & India
Mumbai: Diamond traders in Antwerp are calling on Air India to introduce non-stop flights to Delhi and Mumbai, reports idexonline.com. They’ve written to the airline saying the move would save travelling time and allow them to streamline their operations. There is currently no direct service between Belgium and India, two of the world’s biggest diamond hubs. Many passengers change in
Gems and Jewellery Show from 2 to 5 April
Mumbai: All India Gem and Jewellery Domestic Council (GJC) announced on Friday that it is organising the 5th edition of its flagship event India Gem and Jewellery Show (GJS April 2024) from 2nd to 5th April 2024 at the Jio World Convention Centre in Mumbai. GJS events are known as the Indian jewellers’ #HamaraApnaShow, and have become a ‘must to attend’ for future
Bookmark These Platinum Jewellery Trends
Mumbai: With the onset of spring, it’s time to take the style game a notch higher with jewellery trends that have the runways blazing! 2024 is all experimenting with these new style trends and letting your jewellery take centre stage! This year jewellery isn’t simply about accentuating a look or just following but about adapting that trend to express your
MoU to Recognize Artisans, Goldsmiths as ‘Vishwakarmas’
New Delhi: A Memorandum of Understanding (MoU) was signed between the Ministry of Skill Development and Entrepreneurship (MSDE) and the apex trade body, Gem & Jewellery Export Promotion Council (GJEPC) appointing GJEPC as implementing agency for Prime Minister PM Vishwakarma Scheme. The MoU was signed on 14th March in the august presence of Mr. Dharmendra Pradhan, Union Minister of Education,
