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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WGC Launches ‘Swarnim Udaan 2047’

Mumbai: The World Gold Council (WGC) yesterday released a landmark vision document for Indian gold industry titled “Swarnim Udaan 2047: Unlocking the Full Potential of Gold Towards Viksit Bharat 2047,”. The report, developed with Monitor Deloitte as knowledge partner, sets out a long-term roadmap to reposition gold as a strategic economic lever for India’s economic growth and global competitiveness.  As

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IIJS Bharat Premiere 2026 Opens with New FTAs, New Markets

Mumbai: The 42nd edition of IIJS Bharat Premiere opened at the Jio World Convention Centre, Mumbai, today, against the most favourable trade backdrop the Indian gem and jewellery industry has ever known. A succession of free trade agreements — with the UAE, Australia, Oman and the United Kingdom, with the European Union and New Zealand to follow — has redrawn

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BDB Hosts Presentation on Fluorescence in Natural Diamonds by GIA Experts

Mumbai: In the latest round of Leadership Series talks hosted by Bharat Diamond Bourse (BDB), two senior experts from the Gemological Institute of America (GIA)-Mr. Sriram Natarajan, Senior Vice President, Global Laboratory Operations, GIA, and Dr. Yun Luo, Director, Metrology and Quality Control, GIA, highlighted some of the institute’s latest scientific research into the impact of fluorescence on the appearance of natural

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INNOV8: Innovative Seminars at IIJS Premiere

Mumbai: The India International Jewellery Show (IIJS) Bharat Premiere 2026, being held by GJEPC between 5th & 10th August at two different venues of Mumbai has, as usual also organized the Innov8, a series of innovative seminar at both the venues. The schedule is given below: Some of the key sessions at BEC Hall 6 include:6 Aug: Luxury Jewellery, Retail

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Banks to Disclose Names of 7000 Willful Defaulters

Ahmedabad: The All India Bank Employees Association (AIBEA) is all set to make public the names of 7,000 willful defaulters, many of who are from Gujarat. The association has said they will disclose the data next week. “There are around 7,000 willful defaulters, and their bank dues add up to a staggering Rs70,000 crore. Their names will be announced on

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ALROSA Recovers 214-Carat Diamond

Moscow: ALROSA recovered a 214.65-carat diamond from Nyurbinskoye placer deposit, the second such special stone found in the area in as many months. The company said the diamond measures 42.11mm x 34.26mm x 16.07mm and is translucent with a grey hue. It has cracks that are filled with graphite and sulphide composition and is classified by the company as 4

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De Beers Launches Beneficiation Project in SA

Gaborone: De Beers, the Government of South Africa and the country’s diamond cutting industry yesterday jointly launched The Enterprise Development Project    for Diamond Beneficiators in Johannesburg.   The launch was attended by the Deputy Minister of Mineral Resources, Godfrey Oliphant, and the Premier of Gauteng, David Makhura, amongst other dignitaries. The Project  aims  “to facilitate the transformation and growth of the

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Women's Group of WJH with Special Task

Panama: A group of female jewelers, who first joined together during the women’s empowerment session at the Second LATAM Jewelry and Diamond Week at the World Jewelry Hub (WJH) in June, has launched a grass-roots initiative that is designed to communicate their gender’s particular perspective on the way jewelry and gemstones should be marketed. Calling themselves “Mujeres Brillantes” (“Brilliant Women”

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