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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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Gems and Jewellery Show from 2 to 5 April
Mumbai: All India Gem and Jewellery Domestic Council (GJC) announced on Friday that it is organising the 5th edition of its flagship event India Gem and Jewellery Show (GJS April 2024) from 2nd to 5th April 2024 at the Jio World Convention Centre in Mumbai. GJS events are known as the Indian jewellers’ #HamaraApnaShow, and have become a ‘must to attend’ for future
Bookmark These Platinum Jewellery Trends
Mumbai: With the onset of spring, it’s time to take the style game a notch higher with jewellery trends that have the runways blazing! 2024 is all experimenting with these new style trends and letting your jewellery take centre stage! This year jewellery isn’t simply about accentuating a look or just following but about adapting that trend to express your
MoU to Recognize Artisans, Goldsmiths as ‘Vishwakarmas’
New Delhi: A Memorandum of Understanding (MoU) was signed between the Ministry of Skill Development and Entrepreneurship (MSDE) and the apex trade body, Gem & Jewellery Export Promotion Council (GJEPC) appointing GJEPC as implementing agency for Prime Minister PM Vishwakarma Scheme. The MoU was signed on 14th March in the august presence of Mr. Dharmendra Pradhan, Union Minister of Education,
GSI Launches B2B GSI Stock Exchange Platform
Mumbai: Gemological Science International (GSI), one of the gemological organizations, has introduced the cutting-edge B2B GSI Stock Exchange. This platform is meticulously crafted to aid jewellery manufacturers in efficiently sourcing goods for their GSI certified jewelry programs, providing a vital resource for seamless transactions within the industry. The GSI Stock Exchange offers both natural and lab-grown diamonds in its diverse
RJC Certifies Tara Jewels Ltd.
London: RJC announced that Tara Jewels Ltd., a Mumbai headquartered international integrated player in the jewelry industry with expertise ranging from designing to manufacturing and retailing of jewellery, has achieved Certification by meeting the highest ethical, social and environmental standards established by the RJC. “RJC warmly congratulates Tara Jewels Ltd. on its Certification. The successful verification assessment was conducted by
World Diamond Conference in Delhi
Mumbai: The World Diamond Mark Foundation (WDMF), in close cooperation with the Gem & Jewellery Export Promotion Council (GJEPC), India, will organize an international World Diamond Conference supported by the Ministry of Commerce and Industry, Government of India, in upcoming December, with its heart at the future of diamonds and diamond jewellery in the global luxury consumer market. The conference
India Gem & Jewellery Machinery Expo in Surat
Surat: The Gem and Jewellery Export Promotion (GJEPC) in affiliation with the Surat Diamond Association (SDA), will host the India Gem & Jewellery Machinery Expo (IGJME) at The International Exhibition & Convention Centre, Surat, from 28th – 30th November, 2014. The inaugural edition in 2013 saw 75 exhibitors spread across 100 stalls. This year’s edition has grown bigger and will
Global Diamond Jewellery Sales Hit $79 Billion
Gaborone: Global diamond jewelry sales hit a record $79 billion in 2013, as the market faces a coming rough shortage, according to De Beers’ inaugural Diamond Insight Report. The report said that U.S. sales rose 7 percent last year, while sales in India and China grew 12 percent. According to the report, one in six U.S. diamond jewelry sales were
