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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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Entries Open for Sustainability Awards 2025
Hong Kong: Informa Markets Jewellery’s Sustainability Awards by JWA (Jewellery World Awards) is back this year with a redefined set of categories! Recognising sustainability champions in the fine jewellery, gemstone and related industries, the Awards are open for entries from today until 7 April (6pm, Hong Kong Time). “Previously known as the JNA Awards, JWA was launched by Informa Markets
IIJS Celebration & Award Night
Mumbai: Renowned Bollywood singer Javed Ali set the stage on fire with his electrifying performance at IIJS Celebration Night at Jio World Convention Centre on 4th Jan on the eve of IIJS Signature organized by India’s Gem & Jewellery Export Promotion Council (GJEPC). The crowd went ballistic when he started singing the popular Bollywood numbers! An entertaining night that left
IJPM’s Construction to Begin this Month
Mumbai: The first-of-its-kind India Jewellery Park Mumbai’s (IJPM) construction will commence this month, announced Mr. Vipul Shah, Chairman, Gem & Jewellery Export Promotion Council (GJEPC) during the inauguration of the 17th edition of India International Jewellery Show (IIJS) Signature gem & jewellery trade show at Bombay Exhibition Centre (BEC), NESCO, Goregaon East. Phase 1 of India Jewellery Park Mumbai, including the
Reena Ahluwalia Releases ‘Diamond Trails’
Mumbai: Five Diamond Stories by Five Writers. Five Diamond Paintings by Artist Reena Ahluwalia. Five Ways to Make an Impact. Globally acclaimed jewelry designer and artist, Reena Ahluwalia has released Diamond Trails, a ground-breaking diamond project at the IIJS Signature Show in Mumbai. The project is hosted and championed by GJEPC in India. Diamond Trails is a trailblazing art project
IIDGR Set for Indian Roadshow
Mumbai: The De Beers Group of Companies today announced that its International Institute of Diamond Grading & Research (IIDGR) business is running synthetic detection symposiums around India to demonstrate its technology to all elements of the Indian diamond community. The IIDGR team, led by the Institute’s Commercial Director, Jamie Clark, are at the Bharat Diamond Bourse in Mumbai on 16th
Foundation Stone of Surat ‘DREAM City’ Laid
Surat: Gujarat chief minister, Anandiben Patel on Sunday laid foundation stone for Diamond Research and Mercantile (DREAM) City to be spread over an area of about 2,000 acres in Khajod area situated on the outskirts of the city. Diamond city Surat will house Gujarat’s third smart city after GIFT City, near Gandhinagar, and Dholera, near Ahmedabad taking forward the Prime
Online Sales to Surge 40% for Valentine's Week
Mumbai: ASSOCHAM forecast that Valentine’s week online sales in India will jump 40 percent year on year to $3.53 billion (INR 220 billion) as consumers have increased spending power and they strive to celebrate the festival with gifts of jewelry, flowers and electronics. The week has already begun with Rose Day on February 7, followed by Proposal Day on February
US Platinum Jewelry Imports Jump 60%
New York: US platinum jewellery imports surged more than 60% in 2014 from a year ago, while imports of gold jewellery rose 15%, according to Thomson Reuters GFMS calculations released on Tuesday and based on US Census data. The US imported 1 156 kg of platinum jewellery in 2014, up 61% from 719 kg in 2013 because of steep declines
