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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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PGI Conference at Jewellery and Gem WORLD HK
Hong Kong: Platinum Guild International (PGI) took centrestage on day four of Jewellery and Gem WORLD Hong Kong, staging a landmark conference on future trends in jewellery and platinum’s position as an important innovator and premium value creator in a jeweller’s business portfolio. From a wealth of impassioned speeches delivered by key industry players, a prime takeaway was the precious
CIBJO Congress 2023 Commences in Jaipur
Jaipur (India): The World Jewellery Confederation (CIBJO) held its annual Congress for the first time in Jaipur at Fairmont, Jaipur. The Congress is being organised from 3rd to 5th October. Pre-Congress meetings were held on 1st and 2nd October. The 2023 Congress is being hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and the National Gem & Jewellery
Bharat Diamond Week Opened
Mumbai: 5th edition of “Bharat Diamond Week” (BDW) organized by Bharat Diamond Bourse (BDB) opened with International dignitaries from Angola, Botswana and buying delegation from over 6 economies along with Indian buyers visiting the Exhibition. In spite of the current volatile situation, BDW the “only Diamond and Diamond Jewellery” exhibition saw encouraging participation from buyers. The Bharat Diamond Week 5th
India Gem and Jewellery Show Inaugurated
Mumbai: Honourable Governor of Maharashtra, Ramesh Bais, inaugurated the Indian jewellery industry’s most-awaited all-purpose event, India Gem and Jewellery Show (GJS), in a glittering ceremony held at the prestigious Jio World Convention Centre, Mumbai, on Saturday, 30th September 2023. The guest of honour for this Diwali edition of GJS event was Mr. Suvankar Sen, MD and CEO of Senco Gold Ltd,
1094 Ct. Seriti Diamond Arrives in Antwerp
Antwerp: HB Antwerp has welcomed Seriti, a genuinely extraordinary 1,094-carat rough diamond unearthed from Lucara’s world-renowned Karowe mine in Botswana. Seriti has now arrived in Antwerp, a true force of nature, where HB expert artisans powered by our advanced proprietary technologies will reveal its full potential. This historic find marks the sixth diamond exceeding 1,000 carats recovered from Karowe, reaffirming the mine’s status
GJEPC Meets FM to Discuss Industry Key Issues
New Delhi: Leaders of India’s Gem & Jewellery Export Promotion Council (GJEPC) met with the Finance Minister (FM) Mrs. Nirmala Sitharaman, to discuss pressing issues and the way forward for the gem and jewellery industry. Mr. Kirit Bhansali, Chairman, GJEPC, and Mr. Shaunak Parekh, Vice Chairman, GJEPC, along with Mr. Sabyasachi Ray, Executive Director, GJEPC, engaged in a courtesy meeting
GJC’s First Labham Seminar in Ahilyanagar
Ahilyanagar: The All India Gem & Jewellery Domestic Council (GJC) successfully organized its flagship knowledge-sharing event this week, the Labham Seminar, at Hotel Raj Palace in Ahilyanagar. This was the first-ever Labham Seminar held in Ahilyanagar, conducted in collaboration with the Gold Jewellers Council – Ahilyanagar, a prestigious association dedicated to the growth and prosperity of the local jewellery trade.
Will LGDs Disrupt Indian Gold Jewellery Market?
Mumbai: Women may start blending natural and lab-grown diamonds (LGDs) into their jewelry collections, which could lead to a gradual rise in the popularity of LGD-studded pieces. This change is likely to be driven by factors such as education, disposable income, and shifting fashion trends. With LGDs priced much lower than natural diamonds, the jewelry industry is set for transformation.
