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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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CIBJO to Hold 4 Seminars at Sep. VICENZAORO
Milan: CIBJO’s popular Jewellery Industry Voices webinar and seminar series will continue at the VICENZAORO show in Vicenza, Italy, with four hybrid seminars – in person at the Palladio Theatre at the Fiera di Vicenza exposition centre, and simultaneously live streamed. They will take place on Sunday, September 8, 2024. The event is being hosted by the VICENZAORO organizer, the
ALROSA Closes its Trading Office in Antwerp
Antwerp: ALROSA has declared bankruptcy of its Belgian trading division, Alrosa Belgium NV in Antwerp. According to the Belgian edition l’Echo, in mid-June the supervisory board of the company recommended termination of participation in the Belgian trading division of Alrosa Belgium through bankruptcy. “The representative office of the Russian company ALROSA in Antwerp, Belgium (Alrosa Belgium), was closed after the
10th IRGSS Inaugurated in Jaipur
Jaipur: The 10th Edition of the India Rough Gemstones Sourcing Show 2024 (IRGSS), organized by the Gem & Jewellery Export Promotion Council (GJEPC), was inaugurated on 27th August in Jaipur by Mr. Neeraj Dubey, Additional Commissioner of Customs, Jaipur in the presence of Mr. K. M. Meena, Assistant Commissioner of Customs, Air Cargo Complex (ACC), Jaipur, along with key industry representatives.
Jemimah Rodrigues & Nithyashree Venkataramanan Evara’s New Collection
Mumbai: In today’s world, young women are redefining strength, celebrating their unique journeys, and embracing every facet of their identity with pride. They are crafting their own stories, setting their own standards, and marking each milestone on their path.In the latest campaign for Platinum EVARA, Jemimah Rodrigues and Nithyashree Venkataramanan shine as they share their top platinum jewellery picks for the season.
WFDB Denies Claim that ADE is Affiliated Bourse
Antwerp: The World Federation of Diamond Bourses (WFDB) has officially denied a claim made by Philux Global Group, which is raising funds from the public for investment in the Asian Diamond Exchange (ADE), among other projects, that this purported diamond exchange is affiliated with the WFDB. The WFDB, founded in 1947, is the official association of diamond bourses internationally. Today
Susan Jacques to Retire from GIA
New York: The Gemological Institute of America (GIA) has announced the planned retirement of its president and CEO, Susan Jacques, at the end of 2025. The institute has begun a global search for a successor. Lisa Locklear, Chair of the GIA Board of Governors, said, “Susan Jacques is an incredible leader for GIA and the global gem and jewellery industry.
India at International Japan Tokyo Show
Tokyo: Mr. Sibi George, H.E. Ambassador of India to Japan visited the recently concluded 36th International Japan Tokyo 2025 show on 16th Jan 2025. He was impressed with India’s Product engineering and craftsmanship showcased at the India Pavilion organized by the GJEPC. He interacted with the exhibitors under the Pavilion and encouraged them. IJT, Japan’s leading jewellery exhibition is being
AWDC Calls on Govt. for Decisive Support
Antwerp: Following the publication of its 2024 trade figures, the Antwerp World Diamond Centre (AWDC), representing the interests of all Belgian diamond companies, is calling on the Belgian government to support the country’s diamond sector. Significant economic factors have plunged the international diamond industry into a deep crisis, impacting Antwerp as well. For the Belgian diamond industry, the G7 ban
