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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 $2 million and barring the
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Celebrate this Akshay Tritiya with Platinum Jewellery
Mumbai: Akshay Tritiya, also known as “Akha Teej”, is a highly revered and auspicious festival celebrated throughout India. This year, the festival is slated to be celebrated on April 22nd, 2023. Akshaya Tritiya, observed on the third day of the Shukla Paksha of the Indian month of Vaisakh, signifies new beginnings and fresh opportunities. The festival is synonymous with wealth,
India’s G&J Exports Grew 2.48% in FY 2022-23
Mumbai: For the FY 2022-23, the overall gem & jewellery exports grew 2.48% to Rs. 300462.52 crores as compared Rs. 293193.19 crores for the same period previous year. In terms of US dollars, the overall gem & jewellery exports accounted for US$ 37468.66 million as compared US$ 39331.71 million for the same period last year. Congratulating the Government of India
6th Edition of Platinum ‘Season of Love’ Retail Initiative
Mumbai: Platinum Guild India (PGI) has announced the sixth edition of its flagship retail initiative – ‘Platinum Season of Love’. A retail trade activation initiative, the month-long programme will kick off from May 1st – June 1st, 2023. Last year the ‘Platinum Season of Love’ saw over 1400+ stores from across 300+ cities reporting a 102% growth in platinum jewellery
Forevermark Opens 2nd Exclusive Boutique in Indore
Mumbai: De Beers Forevermark has unveiled its second exclusive boutique in Indore thanks to the encouraging support of its patrons that made its first store in the city a huge success along with the increasing demand for natural diamonds and contemporary jewellery. Located at the popular Phoenix Citadel Mall, the new boutique will showcase some of the brand’s most iconic
Exceptional Results for Argyle Pink Diamonds Tender
Perth: Rio Tinto’s 30th anniversary collection of 54 rare pink and red diamonds from its Argyle diamond mine has delivered exceptional results, achieving the highest average price per carat since the Tender began in 1984. With a record number of more than 600 bids, the collection was internationally popular with successful bids for the rare diamonds submitted from ten countries.
Patricia Syvrud is ED of World Diamond Council
New York: The World Diamond Council (WDC) has named Patricia Syvrud, founder and president of Joia Consulting, LLC, as its first Executive Director, effective October 31, 2014. Syvrud will report to the Executive Committee of the WDC Board of Directors and will assist the President of the WDC. She will be responsible for representing the WDC in the Kimberley Process,
WDC's Annual Meeting in Antwerp from 28th Oct
Antwerp: Members of the World Diamond Council (WDC) have assembled in Antwerp, October 28 to October 30, for the organization’s 2014 Annual General Meeting. Among the guests are Philippe Mellier, De Beers CEO, who will address a special all-day session on October 29, which will focus on issues associated with the Kimberley Process, 14 years after its establishment, and the
IIGJ Appoints Dr. Seema Shah as Head for Mumbai
Mumbai: Dr. Seema Shah has been appointed as the Head at IIGJ Mumbai with effect from September 22, 2014. The Indian Institute of Gems & Jewellery (IIGJ) is a project of the Gems and Jewellery Export Promotion Council (GJEPC) sponsored by the Ministry of Commerce and Industry, Government of India. The previous Principal Col. Arora has stepped down due to
