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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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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
IIGJ Launches Pearl Identification Service
Jaipur: IIGJ-Research & Laboratories Centre (IIGJ-RLC), a unit of the Gem & Jewellery Export Promotion Council (GJEPC) has launched the much awaited service of pearl identification in Jaipur on 7th March 2024. Mr. Vipul Shah, Chairman of the GJEPC, along with Mr. Kirit Bhansali, Vice Chairman (GJEPC), Mr. Nirmal Kumar Bardiya, Regional Chairman (GJEPC Rajasthan Region), Dr. Nawal Kishore Agrawal,
India’s 1st Mega CFC for G&J Ind. Opens
Mumbai: India’s first Mega Common Facility Centre opens in SEEPZ SEZ Mumbai for the gem & jewellery industry. Shri Piyush Goyal, Hon. Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Govt of India, graced the commencement ceremony of Bharat Ratnam, India’s pioneering Mega Common Facility Centre (CFC) situated in SEEPZ SEZ, Mumbai. Bharat Ratnam
Devendra Fadnavis Inaugurates G&J Training & Skilling Centre
Ratnagiri: Mr. Devendra Fadnavis (Hon’ble Deputy Chief Minister of Maharashtra) and Mr. Uday Samant (Hon’ble Minister of Industries) inaugurated a gem and Jewellery (G&J) training & skilling center in Ratnagiri. This initiative has been spearheaded by the apex trade body Gem & Jewellery Export Promotion Council (GJEPC) sponsored by the Union Ministry of Commerce & Industry. As India is being
GJEPC Briefs PMO on US Tariff Impact
New Delhi: India’s gem and jewellery sector has formally presented its key demands to the Government of India, urging for relief from US tariffs amid escalating trade tensions. GJEPC’s industry representation to the GoI encapsulates key areas requiring immediate attention under the proposed Bilateral Trade Agreement (BTA). A high-level delegation, led by Mr. Kirit Bhansali, Chairman, GJEPC, met Principal Secretary
GJEPC Becomes Title Partner of IIJS-JCL
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has become the Title Partner of the highly anticipated IIJS-JCL (Jewellers Cricket League), which kicked off on 11/04/2025) at the state-of-the-art Cricket Hub Ground, strategically located on the Banur-Landran Highway in Mohali. Representing GJEPC at this exciting event are esteemed officials Mr. Shamal Pote, Director along with team Mr. Pranabes Hazra
Seminar on “GJEPC & Trade Opportunities”
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully organized an insightful seminar on “GJEPC and Trade Opportunities” for the gem and jewellery community of Zaveri Bazaar on April 11, 2025. The event was aimed at raising awareness about the Council’s various initiatives and support systems designed to boost the growth and global reach of the Indian gem and
Gemfields to Raise $30 Mln. Through Rights Issue
London: Gemfields Group Ltd announced on Friday plans to raise USD30 million through an equity rights issue, following a swing to a significant annual loss driven by rising costs and ongoing political instability. The London-listed miner and marketer of coloured gemstones reported a pretax loss of USD103.6 million for 2024, reversing from a USD16.6 million profit in 2023. Annual revenue
