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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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Qatar Diamond Exchange Joins the WFDB
Doha: The Qatar Diamond Exchange (QDE) has officially been admitted as a member of the World Federation of Diamond Bourses (WFDB), the exclusive organization that – as of now – unites 27 diamond bourses on five continents under common trading rules and a shared code of conduct. QDE’s admission was announced during the 41st World Diamond Congress, convened by the
Dassani Brothers to Launch New Collections at IIJS Premiere 2026
Mumbai: Dassani Brothers, a pioneer in the manufacturing of exquisite Polki and Jadau jewellery, will unveil two signature collections GATSBY and RAAGINI at IIJS Premiere 2026. Inspired by the brand’s Heritage Meets Modern philosophy, the collections showcase four generations of craftsmanship, blending timeless artistry with contemporary design. The GATSBY Collection draws inspiration from the bold geometry and glamour of the Art Deco era,
Grow Your Business, Attend ‘Innov8’ at IIJS Bharat Premiere
NATURAL DIAMONDS: DESIRE, CONFIDENCE, COLLABORATION & LEADERSHIP: Mumbai: The Count down for IIJS Bharat Premiere 2026, being organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) has begun. At IIJS Bharat Premiere 2026, GJEPC × GIA presents Innov8 Talks, powered by IGM (India Gold Metaverse), bringing together global leaders from the natural diamond industry to explore the future of
India’s CG, Dubai, V V Reddy, Interacts with BDB Committee
Mumbai: India’s Consul General (CG) to Dubai, Mr. Vishnu Vardhan Reddy, visited the Bharat Diamond Boure (BDB) complex on July 24. He engaged with members of the BDB Committee. The visit enabled the CG to gather better insights into the functioning of the diamond trade, the operations within the Bourse. He also observed the smooth functioning of import-export trade in
GJTCI Excellence Awards 2015
Ahmedabad: Swarovski Gemstones rocked at the Gems & Jewellery Trade Council of India (GJTCI) Excellence Award event by their fashion show presenting Gold and Silver Jewellery made with Swarovski Zirconia by their branding partners Surya Golds, Mumbai, RKR Gold, Coimbatore and Diosa Jewels, Mumbai, according to a press release issued by Swarovski Gemstones. “GJTCI – Excellence Awards” ceremony recently held
‘Safe Business Environment’ Created in Surat
Surat: Diamantaires in the multi-billion dollar world’s biggest diamond cutting and polishing centre in Surat have abolished the age-old ‘chitti’ system for a foolproof promissory note mode, reports The Times of India. The paper chits have been an instrument of trade in the diamond industry for over six decades now. But, this ‘chitti’ system, which was based on mutual trust,
India Floats Idea of Setting up Gold Board
New Delhi: The Indian Government has floated the idea of a Gold Board to ensure coordinated policy action, reports the Business Standard. The finance ministry held a round of discussions last month with stakeholders and sought their views on a National Gold Board, a body on the lines of the Financial Stability and Development Council. A government official said discussions
Largest Blue Star Sapphire Found in Sri Lanka
Colombo: Gemologists in Sri Lanka claim that the largest blue star sapphire yet has been discovered in a mine in the country, reports BBC News. The gemology institute in the capital Colombo has certified that the gem weighs 1404.49 carats and say they have not certified anything larger. The gem is valued at approximately $100m and the current owner estimates
