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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Register for Artisan Awards 2025

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized the 2025 Artisan Awards. It presents the following theme for designers to create, play & push the limits of design: Indian jewellery craft techniques have long been revered for their intricacy, cultural significance, and timeless beauty. In the global contemporary jewellery landscape, these techniques are being revived and reimagined

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New Collaboration for KGJF 2024

Kolkata: Informa Markets is excited to announce a significant collaboration with the Calcutta Gem & Jewellery Welfare Association (CG&JWA) for the upcoming Kolkata Jewellery & Gem Fair 2024 (KJGF). This partnership represents a dynamic fusion of global expertise and local industry knowledge, aimed at delivering an exceptional event for the jewellery and gemstone sectors. The Kolkata Jewellery & Gem Fair

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CIBJO Special Report on Precious Metals

Milan: As the countdown to the 2024 CIBJO Congress in Shanghai continues, the third pre-Congress Special Report has been released. Prepared by the CIBJO Precious Metals Commission headed by Vaishali Banerjee, Managing Director of PGI India, the report offers a comprehensive analysis of the gold, platinum, palladium, and silver markets over the past year. The group of precious metals showed

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India’s Imports of Russian Diamonds Increased

New Delhi: India’s imports of Russian diamonds have increased during January-June 2024 by 22% year-on-year to 4.1 million carats, according to the official data of the Indian Ministry of Commerce and Industry. In June, Russian exports amounted to 347,620 carats, which is almost 32% more than in June last year. In six months, most of the supplies, about 77%, accounted

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Gem-A Releases The Latest Journal Of Gemmology

London: The Gemmological Association of Great Britain (Gem-A) has released the latest issue of its academic publication, The Journal of Gemmology, in collaboration with the Swiss Gemmological Institute SSEF and with the support of the American Gemological Laboratories (AGL) and the Gem and Jewelry Institute of Thailand (GIT). The current issue (Vol. 34, No. 3, 2014), released on 19 October

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Varuna D Jani’s MAMI Trophy Rises Like Pheonix

Mumbai: The 16th edition of the Mumbai film festival organized by the Mumbai Academy of Moving Image (MAMI) will have a sparkling touch this year. The renowned jewellery designer and adornologist Varuna D Jani has graciously volunteered to design and craft the 15 coveted award trophies for the ongoing MAMI festival at PVR Cinemas in Andheri, Cinemax, Versova and Chandan

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Zimbabwe Diamond Conference to Discuss Challenges

Harare: The Second Zimbabwe Diamond Conference, to be held November 6-7, will feature three panel discussions featuring different aspects of the challenges facing the Zimbabwean diamond industry, as well as the wider global diamond trade. The seminar sessions will each feature experts in the area of discussion and aim to stimulate a wide-ranging debate among the African and global diamond

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Zimbabwe Govt. Demands Diamond Dividends

Harare: The Reserve Bank of Zimbabwe has ordered banks to deduct 15 percent special dividends from gross diamond sales, backdated to April this year in line with provisions of the 2014 Finance Act, but diamond miners have raised alarm, reports allafrica.com. The Act signed into law in April had not been enforced since yet. The diamond producers said they will

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