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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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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
Pact with EFTA to Triple G&J Exports
Mumbai: The Trade and Economic Partnership Agreement (TEPA) between India and European Free Trade Association (EFTA) has opened immense opportunities for Indian gem and jewellery (G&J) sector to enhance its exports to the untapped EFTA countries especially to Switzerland. EFTA countries have removed customs duties on the entire chapter 71 (Gem and Jewellery products) enabling Indian exporters of G&J to
Celebrities Shine in Platinum Jewellery at Academy Awards
Mumbai: The glamour of Hollywood soared to new heights as movie stars wore exquisite jewellery designs set in platinum to the 96th Academy Awards. From drop earrings to line bracelets and colorful rings, platinum was the metal of choice for celebrities as they celebrated their achievements at the world’s most famous awards show. The most prominent platinum jewellery trends at
Endiama, Sodiam Join Natural Diamond Council
Mumbai: Angola’s two leading state-owned diamond institutions, ENDIAMA E.P. and SODIAM E.P., have formally announced their joint commitment to generic category marketing by joining the Natural Diamond Council (NDC) as contributing members, effective July 1, 2025. As the third-largest global producer of natural diamonds and one of the most promising in terms of future deposit discoveries, Angola continues to strengthen
GJEPC Champions Diamond Sustainability at Russia Forum
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) made a strong statement on diamond sustainability and global collaboration at the 28th St. Petersburg International Economic Forum (SPIEF) held in Russia on 19 June. Representing India at the forum were Mr. Kirit Bhansali, Chairman, GJEPC; and Mr. Ajesh Mehta, Convener, Diamond Panel, GJEPC. The GJEPC delegation also met Mr. Pavel
HRD Ceases Certifying Synthetic Diamonds
Antwerp: HRD Antwerp, the Antwerp-based diamond laboratory and subsidiary of the Antwerp World Diamond Centre (AWDC), has announced that it will cease certifying synthetic diamonds. With this decision, HRD becomes the first and only diamond lab in the world to focus exclusively on natural diamonds. The move reaffirms Antwerp’s role as the international hub for natural diamond trading and marks
GJEPC Signs Historic ‘Luanda Accord’
Luanda: India’s Gem & Jewellery Export Promotion Council (GJEPC) has signed yesterday ‘The Luanda Accord’ in Luanda, Angola alongside the Mining Ministers of Angola, Botswana, South Africa, and Namibia, in collaboration with prominent industry bodies such as AWDC, Belgium, DMCC, Dubai, and De Beers. As the leading global organization driving the international growth of the jewellery industry, GJEPC’s efforts are
