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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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Choose from Platinum Love Bands that Reflect Modern Love
Mumbai: As the summer approaches, it rings in the summer wedding season as couples commit to the love they share. It’s a time when two individuals commit to each other, having gone through a journey of finding each other and discovering what makes their relationship special. Relationships based on compassion, respect, equality, and friendship deserve a rare and precious metal
GII Celebrates 52nd Anniversary
Mumbai: The Gemmological Institute of India (GII) has completed its 52nd year on 12th April, 2023. It was celebrated on Saturday, 15 April, 2023 in the Convention hall, Bharat Diamond Bourse (BDB), BKC. All the trustees, important trade personalities of G&J industry, visiting faculty members of GII and GII employees attended. Mr. Anoop Mehta, Chairman, GII and President, BDB chaired
49th IGJA Function Held Successfully by GJEPC
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized the 49th edition of the India Gem & Jewellery Awards (IGJA) in Mumbai. The Chief Guest Mr. Piyush Goyal, Hon’ble Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution & Textiles, Government of India, felicitated 27 top Gem & Jewellery exporters during the award ceremony. The 49th edition
Akshaya Tritiya: Jewellers Expect Pick up in Sales
Mumbai: The recent softening of the gold price has supported demand for the yellow metal on the auspicious day of Akshaya Tritiya and jewellers have been witnessing steady footfalls since morning. Mr. Saiyam Mehra the Chairman of All India Gem and Jewellery Domestic Council (GJC) said, “The 2023 Akshaya Tritiya was exceptional for jewellery retailers and consumers. Despite high prices,
GJEPC Hosts Virtual Briefing on GCC Design Lab
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), along with its knowledge partner, the UAE-based World Academy of Design (WAOD), hosted an engaging virtual introductory session to unveil a unique cross-cultural initiative titled GJEPC x GCC Design Lab: Co-Creating for SAJEX. Ms. Dolly Choudhary, Director of Promotions & Marketing, GJEPC, opened the session by outlining the objectives of this special
GJEPC to Participate in Meeting on Natural Diamond Promotion
Luanda: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the Indian gem and jewellery industry, will be participating in the Ministerial RoundTable on Natural Diamond Promotion, scheduled to take place on 18 June 2025 in Luanda, Angola. Representing India at this prestigious global forum will be Mr. Shaunak Parikh, Vice Chairman, GJEPC, and Mr. Sabyasachi Ray, Executive Director, GJEPC. Their
GJEPC Employees Embrace Hindi in Nationwide Language Competition
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) conducted a special programme to encourage greater use of Hindi among its employees on 12 June. As part of this initiative, a Hindi Sentence Formation and Translation Competition was organized across various GJEPC offices. The objective of the contest, organised by the Council’s Rajbhasha (Official Language) Department, was to motivate employees to use
Gemfields Successfully Completed Rights Issue
London: Gemfields Group Limited (GGL) has successfully completed its fully underwritten Rights Issue, raising approximately USD 30 million through the issuance of 556,203,396 new shares. The capital raise was initially announced on April 11, 2025. The Rights Issue received strong investor interest, with valid acceptances submitted for 458,330,512 new shares—representing around 82.40% of the total offering. The remaining 97,872,884 shares
