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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GJC Making India a Jewellery Tourism HUB

Mumbai: All India Gem and Jewellery Domestic Council (GJC), the apex trade body that unites manufacturers, wholesalers, retailers and exporters, announced today that it is organising the India Jewellery Shopping Festival (IJSF), the first its kind in the world, to uplift the business scenario across the industry. IDT Gemmological Laboratories Worldwide is the Title sponsor and Divine Solitaires is the

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Registrations Open for CIBJO Congress

Jaipur: CIBJO’s 2023 annual congress will take place in in Jaipur, in the Indian State of Rajasthan, from October 3 to October 5. Pre-congress meetings will be held on October 1 and 2. The hosts of the congress is the Gem & Jewellery Export Promotion Council (GJEPC) and the co-host is the National Gem & Jewellery Council of India (NGJCI).

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KP’s Diversity Should be Source of Strength

Victoria Falls: In her first speech to the Kimberley Process as President of the World Diamond Council, Feriel Zerouki has stressed that the diversity of opinion and background of the KP’s members – Participants and Observers alike – should be considered not a deficiency but rather a source of strength. She was speaking during the Opening Session of the organization’s

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Branded Collections Drive Growth of Platinum Jewellery

Mumbai: As jewellery industry trends continue to evolve, branded jewellery is expected to be a major growth engine in the coming years. Effective branding builds strong consumer relevance and connectivity, which younger consumers appreciate, according to the latest insights from the 2023 Platinum Jewellery Business Review, organised in London by Platinum Guild International (PGI), the global marketing organisation dedicated to

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Countdown Begins for IIJS Premiere 2025

Mumbai: Your wait is almost over as the year’s most ICONIC B2B Gem & Jewellery show India International Jewellery Show (IIJS) Premiere is just a few days away. Get ready for a spectacular show, featuring breathtaking jewellery and cutting-edge technological innovations, all under one roof. Organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) from 30th July to 4th

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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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