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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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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Top News

Varda Shine is Interim Chair of Petra Diamonds

Lndon: Petra Diamonds has appointed Varda Shine, Senior Independent Director, as Chair of Petra with effect from the conclusion of its Annual General Meeting in mid-November. The previous Chairman Peter Hill CBE retired from the Board and decided not to offer himself for re-election. Shine, who has been a Non-Executive Director of Petra since 2018, will serve as the interim

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BSM Brasil on 14-15th May 2024

Sao Paulo, Brasil: Brasil already has a date for its next edition in the city of Sao Paulo, the largest economy in Latin America. The event takes place on May 14th and 15th, 2024 at the Marriott Renaissance Hotel with the expectation of maintaining the quality of Brazilian retail and wholesale visitors, adding businesspeople from other regions of South and

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Mr. Kirtilal Doshi Passes Away at 101

Mumbai: Mr. Kirtilal K. Doshi, former chairman of the Gem & Jewellery Promotion Council (GJEPC), Founding Chairman of the Gemmological Institute of India (GII), and a visionary leader of the Indian gem and jewellery industry, passed away peacefully in Mumbai on 20th November, 2023 at the age of 101. Mr. Doshi was a man of many achievements and contributions to

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IIJS Signature Attracts Int’l Buyers from Bahrain

Mumbai: The IIJS Signature team has successfully completed its first door-to-door campaign in Bahrain, inviting prominent retailers from the country to visit its upcoming show in Mumbai. At the popular India Pavilion within the Jewellery Arabia show, the team met, interacted and invited the leading retailers from Bahrain. The IIJS Signature team visited various jewellery hubs in Bahrain, including Bab

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Encouraged to See ‘Unity in Diamond Industry’: Yoram Dvash

Antwerp: The diamond industry is currently at a critical juncture. The meteoric rise in the penetration of synthetic diamonds into the market – which began as a marginal phenomenon – has become an unprecedented flood that threatens the value, image and future of the natural diamond, says Yoram Dvash, The President of World Federation of Diamond Bourses (WFDB). In less

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CARATS 2025 Concludes with Great Success

Surat: CARATS, the Surat Diamond Expo, organized by Surat Diamond Association (SDA) from July 11 to 13, 2025, at the prestigious Avadh Utopia, concluded on an exceptionally high note. The event witnessed remarkable participation and enthusiasm from industry stakeholders, culminating in trade transactions surpassing INR 100 crore. This impressive milestone reaffirmed the expo’s growing stature as a premier B2B platform

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GJEPC Hosts Exporter & GCC Designers’ Workshop

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) hosted the inaugural session of the Exporter and GCC Designers’ Workshop at the Bharat Ratnam Mega CFC, SEEPZ in Mumbai on 17th July. The event marks a key milestone in the lead-up to SAJEX (Saudi Arabia Jewellery Exposition), GJEPC’s first-ever show in Saudi Arabia, scheduled from 11th to 13th September 2025 at

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Registrations Open for JGW Hong Kong

Hong Kong: Buyer pre-registration for Jewellery & Gem WORLD Hong Kong (JGW) – the world’s No. 1 jewellery sourcing destination – is now open, show organiser Informa Markets Jewellery announced today. Trade buyers may pre-register until 7 September to experience six specialised B2B sourcing experiences across two premier locations spread out over seven days. From 15 to 19 September, the

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