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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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DMCC CEO Holds Productive Talks with GJEPC
Mumbai: Mr. Ahmed Bin Sulayem, the Executive Director & CEO of DMCC met with Mr. Vipul Shah, Chairman of GJEPC and Mr. Kirit Bhansali, Vice Chairman of GJEPC, in a meeting held at the GJEPC head office in Mumbai on 12th June. Mr. Shah extended a warm welcome to Mr. Ahmed Bin Sulayem and his team including Special Advisor – Precious
Bruce Cleaver is the New Chair of Gemfields
Mumbai: Gemfields has announced changes to the Board, due to take effect on 1 July 2024, following a broad search for both a new Chair and Non-Executive Directors. Appointment of Bruce Cleaver as Chair and Independent Non-Executive Director: Bruce Cleaver will join Gemfields’ Board as Chair and Independent Non-Executive Director on 1 July 2024. Bruce will also become Chair of
Swarovski Created Diamonds Launches in India
Mumbai: Building on the success of its Swarovski Created Diamonds collections in the USA, China, and Japan, the Austrian Maison ventures further into the fine jewelry market with the announcement of their launch in India. Crafted with Swarovski’s exquisitely cut laboratory-grown diamonds, which are identical to mined diamonds in every way but origin, Swarovski Created Diamond’s fine jewelry collections showcase the
India Pavilion Showcased Innovative Designs at JCK Las Vegas
Las Vegas: Gem & Jewellery Export Promotion Council (GJEPC) has announced the successful conclusion of the India Pavilion and Design Gallery at JCK Las Vegas 2024. The event, held from 31st May to 3rd June at the Sands Expo & The Venetian, has once again demonstrated the exceptional craftsmanship and innovative designs that Indian jewellers bring to the global stage. The
GJS 2024 Concluded Successfully
Mumbai: All India Gems and Jewellery Domestic Council (GJC) recently announce the successful completion of its highly anticipated jewellery exhibition – Gems and Jewellery Show (GJS) – Diwali 2024 held from 25th September 2024 to 28th September 2024 at the Jio World Convention Centre, Mumbai. The event #HumaraApnaShow attracted thousands of jewellery enthusiasts, connoisseurs, and industry professionals, making it one
GJEPC’s 3rd Gem & Jewellery BSM Opened
Mumbai: India’s Gem and Jewellery Export Promotion Council of India (GJEPC), the apex trade organization dedicated to promoting Indian gem and jewellery exports worldwide, organized the 3rd edition of the Gem and Jewellery Buyer Seller Meet (G&J BSM) at the iconic Bharat Ratnam, Mega CFC SEEPZ in Mumbai. The two-day event was graced by the presence of distinguished guests including Mr.
BDB Leadership Series ‘Polishing our Future’ on 11th Oct
Mumbai: Bharat Diamond Bourse (BDB) is organizing the BDB Leadership Series: “Polishing Our Future,” on October 11, 2024, at the Convention Hall, BDB, Mumbai. This event is a rare opportunity to engage with leading figures from the diamond and jewellery industries, and BDB has invited industry professionals to register and be part of the conversation shaping the future of the
IIGJ’s Training & Skilling Centre Opens in Ratnagiri
Ratnagiri: Mr. Uday Samant, Minister for Industries, Government of Maharashtra, inaugurated the Indian Institute of Gems & Jewellery (IIGJ), training and skilling centre in Ratnagiri on 24th September in the presence of Mr. Kirit Bhansali, Vice Chairman, GJEPC; Mr. M. Devender Singh, District Collector, Ratnagiri; Mr. Kirthi Kiran Pujar, CEO, Zilla Parishad, Ratnagiri; Mr. Sabyasachi Ray, Executive Director, GJEPC; Mr. Siddhartha,
