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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
Top News
“Jewels on the Ramp” Jewellery Fashion Show
Bengaluru: A glamourous night with the dazzling presence of Former Miss World and GJEPC Brand Ambassador Manushi Chhillar, alongside industry stalwarts adorning an exquisite jewelry piece in a white gown, captivated hearts and stole the limelight. From traditional Indian artistry to contemporary brilliance, the stage was ablaze with the beauty and grandeur of Indian gems and jewellery. Luxurious bejeweled showstoppers
Welcome Vishu with Platinum Jewellery
Trivendrum: As Vishu, the cherished Malayali spring festival, approaches, the anticipation of new beginnings and fresh aspirations fills the air in Kerala and parts of Tamil Nadu. This time-honoured celebration marks the advent of the New Year in the Malayalam calendar. Vishu embodies the spirit of generosity. A joyous celebration that brings loved ones together as they exchange meaningful gifts.
GJEPC Unveils Brilliant Bharat Theme at IIJS Tritiya
Bengaluru: India’s apex trade body,The Gem & Jewellery Export Promotion Council (GJEPC) inaugurated the 2nd edition of the India International Jewellery Show – IIJS Tritiya – in Bangalore (Karnataka) at the Bangalore International Exhibition Centre (BIEC) from 5th to 8th April 2024. India Gem & Jewellery Machinery Expo (IGJME) is running concurrently with IIJS Tritiya Bangalore 2024 for the first time
Gem-A Launches Spring 2024 Issue
London: The Gemmological Association of Great Britain (Gem-A) has launched the latest issue of its academic publication, The Journal of Gemmology (Volume 39, No. 1, 2024). Released digitally on 2 April, this issue contains news and research from the international gemmological community, including an article focusing on the mineralogy and colour genesis of silicified coral from Indonesia. This attractive material shows various
Grib Diamonds NV to Auction First Production in Antwerp
Antwerp: Grib Diamonds NV, a 100% owned subsidiary of OAO LUKOIL, announced that on September 23, 2014, it will hold a first auction of rough diamonds from the diamond mine named after V. Grib in Arkhangelsk region (Russian Federation), according to a press release issued by the Company. Grib Diamonds will hold diamond viewings from September 15, 2014, in Antwerp,
Air India Conducts Survey in Surat
Surat: The Air India (AI) has started a fresh survey to assess passenger traffic potential from Surat towards Mumbai, Delhi and Bangalore, reports The Times Of India. A team of AI officials led by general manager Mukesh Bhatia was in the city to meet members of trade and commerce, Surat Diamond Association (SDA), Southern Gujarat Chamber of Commerce and Industry
Zimbabwe Eyes Domestic Diamond Exchange
Harare: Government will auction local diamonds once or twice in Antwerp, Belgium, before testing waters on its own planned domestic exchange in November this year. Mines and Mining Development Minister Walter Chidhakwa said in an interview that Government was working on modalities of the domestic diamond exchange. “We are preparing for the (domestic) auction in November. We will do one
Mandatory Marking for Synthetics Proposed
Moscow: ALROSA proposed to introduce mandatory marking for synthetic diamonds, Vladlen Nogovitsin, Head of the miner’s Customer Policy, told Interfax in his interview. The company’s initiatives to regulate the turnover of “synthetics” are being discussed in the framework of an expert group under the Ministry of Finance of the Russian Federation. “We stand for defining the concept of synthetic diamonds
