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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 $2 million and barring the
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India’s G&J Exports Grow 9.43% in September 2026
Mumbai: India’s gem and jewellery (G&J) exports continued their growth trajectory in September 2026, with gross exports rising 9.43% in US dollar terms and 18.24% in rupee terms year-on-year to US$ 2.95 billion (Rs. 28,157.55 crore), compared to US$ 2.70 billion (Rs. 23,813.91 crore) in September 2025. For April–September 2026, India’s gross gem and jewellery exports reached US$ 14.30 billion
Rohit Sharma, Anirudh Ravichander Star in Platinum’s New Campaign
Mumbai: Platinum Guild International (PGI) India unveiled a new campaign for its men’s jewellery brand Men of Platinum, featuring cricketer Rohit Sharma and music composer Anirudh Ravichander. The campaign signals an expansion of the men’s platinum jewellery category, speaking to a wider spectrum of men—from those seeking contemporary, design-led pieces as an expression of personal style to those drawn to
India’s G&J Industry Welcomes GST Reforms
Mumbai: The Indian Gem & Jewellery industry (G&J) expressed its sincere gratitude to India’s Finance Minister Mrs. Nirmala Sitharaman for the landmark GST reform recommendations approved at the 57th GST Council meeting. These progressive recommendations are a significant step towards enhancing ease of doing business, strengthening export competitiveness and creating a more enabling environment for the growth of India’s Gem
Momentum is Building for Basilia Jewellery & Watch Fair
Basel: Three months after its launch, it is clear that Basilia Jewellery & Watch Fair, organised by Informa Markets and MCH Group, meets a strong need with its gateway trade fair for the jewellery, watch and gemstone industries in Asia and Europe. Strong market demand has already brought exhibitor registrations to 70% of the target for the inaugural edition, which
GJEPC Calls for R&D to Detect Synthetics
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has called upon all industry stakeholders to develop a co-ordinated approach against the undisclosed mixing of synthetic diamonds with natural diamonds. This will ensure fair trade and strengthen consumer confidence in the natural product, reports gjepc.org. A key aspect of this is a proposal to establish a multi-stakeholder body to collaborate
Alrosa may Produce Synthetic Diamonds
Moscow: Alrosa is mulling the possibility of establishing its own operation to produce synthetic diamonds, but the decision on this issue is not yet taken, the company’s spokesman Andrey Matveev said. “We are studying but so far there is no decision. Meanwhile, Alrosa is monitoring the market to decide how to proceed with regard to synthetic diamonds,” he said. According
FCRF Unveils Fancy Color Diamond Rarity Evaluator
New York: Following five years of data collection, analysis and platform development, the Fancy Color Research Foundation (FCRF) is launching the first ever industry Fancy Color Rarity Evaluator (FCRE™). The FCRE™ provides proprietary rarity estimates to all yellow, pink and blue fancy color diamonds based on the diamond’s carat weight, color, color intensity, clarity and shape. The FCRE™ will provide
Millennials Spent $25 Billion on Diamond Jewellery
Gaborone: Millennials spent more than US$25 billion on diamond jewellery in 2015 in the four largest consumer markets, acquiring more than any other generation, according to The Diamond Insight Report 2016, published on Thursday by The De Beers Group of Companies. Despite Millennials (those aged 15-34 in 2015) facing more financial challenges than their parents’ generation, they already account for
