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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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Okavango Diamond Company Joins NDC
Mumbai: Natural Diamond Council (NDC) has announced its newest member, Okavango Diamond Company (ODC). The Botswana government–owned rough natural diamond marketing company joins the likes of De Beers and other responsible mining companies. ODC is the first non-mining diamond company to be admitted as a member of NDC, recognizing ODC’s importance in the upstream distribution of natural diamonds, and the
Gemfields Partners with Shruti-Sushma
Mumbai: Gemfields has joined forces in a new brand partnership with fine jeweller Shruti Sushma. The India-based mother-daughter label is revered for using high quality gemstones in elegant designs that hark back to the glamour of bygone days and channel India’s renowned heritage of fine craftsmanship. With showrooms in Ahmedabad and Bangalore, Shruti Sushma caters to a discerning clientele, in
Shine Gudi Padwa Brighter with Platinum
Mumbai: As Maharashtra and other western states of India rejoice in the festive spirit of Gudi Padwa, people embrace the rich traditions of the Marathi new year. Houses are decked with bright marigolds and vibrant ‘gudis’ hoisted, while people indulge in jewellery purchase for themselves and their loved ones in anticipation of a prosperous new year. What better way to welcome the
50th India Gem & Jewellery Awards Presented
>Russell Mehta (Rosy Blue) bestowed with Lifetime Achievement Award >24 IGJ Awards included Women Entrepreneur of the Year & Best Bank Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 50th India Gem & Jewellery Awards (IGJA), to the brightest jewels in India’s exports’ crown. GJEPC presented a total of 24 IGJ Awards: 14 – Industry Performance
41st IIJS Premiere Inaugurated at JWCC
Mumbai: The biggest-ever India International Jewellery Show (IIJS), the 41st edition, is the biggest-ever edition of the famous gem & jewellery B2B trade show organised by India’s apex trade body,The Gem & Jewellery Export Promotion Council (GJEPC). Showcasing “Brilliant Bharat” theme, IIJS 2025 is eyeing big business generation of billions of dollars in exports with several policy initiatives such as the recently
The Platinum BSM Sparks Fresh Thinking
Kochi: Platinum Guild International (PGI) India recently concluded the 2025 edition of its annual Platinum Buyer-Seller Meet (BSM) on a high note in Kochi, bringing together leading industry voices right from key manufacturers to major jewellery retail partners from across the country. The event hosted at the Grand Hyatt, Kochi, brought together 60 retailers & 14 manufacturers, making it one
Tabu Inaugurates Kalyan Jewellers’ Showroom in Mumbai
Mumbai: Kalyan Jewellers yesterday launched its all-new showroom at Phoenix Marketcity, Mumbai. Bollywood Actor Tabu inaugurated the showroom, which features an extensive range of designs from various collections of Kalyan Jewellers. Addressing the crowd, Tabu said, “I am delighted to be here today for the inauguration of the new Kalyan Jewellers showroom. It is a privilege to represent Kalyan Jewellers,
The ‘Game-Changer Move’ for India’s G&J Sector
Mumbai: India and the United Kingdom formalized a landmark Free Trade Agreement (FTA) on Thursday after years of negotiations. Officially titled the Comprehensive Economic and Trade Agreement (CETA), the deal is designed to significantly enhance bilateral trade and investment, with both nations aiming to double trade volume from the current $56 billion to over $100 billion by 2030. The CETA
