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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Gold to Have Best Annual Performance: WGC 

Mumbai: Although global interest rates are expected to continue declining in 2025, creating a tailwind for gold, the outlook heading into the new year is somewhat muddled, according to the latest report from the World Gold Council (WGC). The WGC noted in its 2025 Outlook report, published Thursday, that the gold market faces two distinct scenarios next year as uncertainty

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“Challenges in Diamond Identification”

Mumbai: India’s Bharat Diamond Bourse (BDB) hosted a riveting session on the important and well-timed topic of “Challenges in Diamond Identification” as part of the BDB leadership series. The session was presented by Dr. Wuyi Wang, Vice President of Research and Development at GIA and facilitated by Sriram Natarajan, Managing Director of GIA India. Dr. Wang’s session offered valuable insights

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IGI’s IPO Opens on 13th December

Mumbai: International Gemmological Institute (India) Limited (“IGI” or “The Company”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Friday, December 13, 2024. The total offer size of equity shares (face value of Rs. 2 each) aggregating up to Rs. 42,250 million [Rs. 4,225 crore]   comprises a Fresh Issue of aggregating up to Rs. 14,750 million

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GJEPC Discusses Industry Issues with CBIC

Mumbai: The leadership of the Gem and Jewellery Export Promotion Council (GJEPC) extended a warm welcome to Mr. Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxes & Customs (CBIC), along with Mrs. Prachi Saroop, Chief Commissioner of Customs, and Mr. Harish Dharnia, Commissioner of Customs, Mumbai, at the GJEPC office in Mumbai. The meeting aimed to foster

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Augmont Unveils Char Dham Coin Collection

Mumbai: Augmont Gold for All, India’s leading provider of precious metals, unveils its limited-edition ‘Char Dham Coin Collection’ ahead of the festive season. Following the success of the Ram Mandir (Kan Kan Me Ram) coin just ahead of the Ram Mandir inauguration, this unique “Char Dham” series during the festive season provides devotees, collectors, and gift-givers an exceptional way to connect

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GSI & Dr. Homi Bhabha State Uni. Sign MOU

Mumbai: Gemological Science International (GSI), a global leader in gemological services, and Dr. Homi Bhabha State University, Mumbai, signed a significant Memorandum of Understanding (MoU) on 6th May, 2024 to collaborate on education, research, and technological advancements. The partnership marks a strategic step forward in bridging academia and industry to promote innovative learning and research, specifically in gemology and chemistry.

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Evara Shows the World how our ‘GIRLSGOTTHIS’ 

Mumbai: The rise of women’s cricket in our country has been nothing short of inspirational and it offers the perfect platform for Platinum Evara, platinum jewellery aimed at the young woman segment. After the unprecedented success of its campaign #IGotThis at the WPL, Platinum EVARA has returned with #GirlsGotThis, in its nuanced celebration of womanhood and modern femininity. With #GirlsGotThis, the brand moves

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Jawhara Collaborates with NDC

Mumbai: UAE’s natural diamond jewellery brand Jawhara has been an industry pioneer with all their initiatives. Their two-year-long partnership with Natural Diamond Council (NDC) has helped establish their authority amongst discerning consumers in the region, and their latest venture furthers their vision towards transparency, by educating and empowering the Jawhara sales team with tools to upsell, upskill, and increase their

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