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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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LML Brand Holdings Expands into Jewellery Segment
New Delhi: Driven by its vision of identifying and revitalising iconic Indian brands that have earned lasting consumer trust, LML Brand Holdings recently announced the acquisition of Asmi and Sangini, marking its entry into the branded jewellery segment. The acquisitions further strengthen the company’s “Reimagining Legends” philosophy of preserving the legacy of well-loved brands while unlocking their next phase of
Icons Honoured as Industry Legends at IIJS Celebration Night
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) hosted the IIJS Celebration Night on 5th August 2026, following the first day of IIJS Bharat Premiere 2026, bringing together leading figures from the Indian and global gem and jewellery industry for an evening of recognition and celebration. A key highlight of the evening was the felicitation of nine global icons
‘Jewellers for Hope’ 2026 Raises Funds to Support Education
Mumbai: The Indian gem and jewellery industry came together in Mumbai on 6th August for the 11th edition of Jewellers for Hope, the flagship CSR initiative of the Gem & Jewellery Export Promotion Council (GJEPC), presented in association with De Beers Group and the World Gold Council (WGC), powered by GIA, with HRD Antwerp as Co-Partner. Mr. Rahul Narwekar, Hon’ble
Divine Solitaires Honoured Partner Jewelers at IIJS Premiere
Mumbai: Celebrating excellence, enduring partnerships and five years of shared growth, Divine Solitaires hosted its Annual Rewards & Recognition ceremony at Innov8 Launchpad, IIJS Premiere 2026, NESCO, Mumbai, honouring its highest-performing partner jewellers from across the country. The event also witnessed the first weekly lucky draw of The Solitaire Festival of India (TSFI) 2026, making it one of the key highlights of this year’s exhibition.
Piyush Goyal Gives ₹270 cr for SEEPZ Infrastruture
Mumbai: Mr. Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Govt. of India, visited the SEEPZ in Mumbai yesterday . Hon’ble Minister interacted with GJEPC and SEEPZ leadership along with Jewellery Exporters and approved ₹200 Crore for upgrading the SEEPZ infrastructure and ₹70 Crore for development of a Mega Common Facility Centre
GJEPC Hosts “Vanijya Utsav” Export Conclave
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) hosts “Vanijya Utsav”, an export conclave happening on the 21st and 22nd September in Mumbai. It was inaugurated by Mr. Raosaheb Patil Danve, Hon’ble Minister of State (Railways, Coal & Mining), Govt. of India; Mr. Subhashji Desai, Hon’ble Minister of Industries, Mining & Marathi Language, Govt. of Maharashtra; Mrs. Aditi Tatkare,
WDC Launches Upgraded System of Warranties
New York: The World Diamond Council (WDC) has marked the 40th anniversary of the United Nations 2021 International Day of Peace with the official public launch of its Upgraded System of Warranties (SoW). WDC President Edward Asscher said, “For the International Day of Peace 2021, the United Nations set the theme for ‘recovering better for an equitable and sustainable world,’
KP Plenary 2021 to be Held in Hybrid Format
Moscow: The Kimberley Process (KP) Plenary meeting from 8th-12th November 2021 will have a hybrid format, according to the Russian Federation, the current KP Chair. The Plenary will take place both online and in-person – for those who will be able to visit Moscow (subject to national Covid-19 restrictions and quarantine rules applied when entering Russia). Russia’s Ministry of Finance
