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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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HRD Design Awards Coming to India
Mumbai: For 40 years, the HRD Design Awards have celebrated the world’s finest jewellery design talent. Now, for the first time in its history, the awards are coming to India. Designers, jewellers, students, goldsmiths, and creative talents from around the world are invited to submit their entries and compete on a global stage. THEME “Where Earth Meets Eternity Born from the
IAGES Directory Brings Verified Partners on One Platform
Mumbai: The Accredited Partner Directory launched by the Indian Association for Gold Excellence and Standards (IAGES) in November, 2025, has gained significant momentum among consumers and gold businesses since its inception. This one-stop digital platform now hosts a growing network of over 700 IAGES partner outlets across 200 cities, allowing consumers to find verified, trusted jewellers nearest to them before
De Beers Sets out Portfolio & Organizational Actions to Support Long-Term Value Creation
London: De Beers Group is advancing delivery of its business streamlining by setting out a number of planned portfolio and organisational changes to ensurean efficient cost base that strengthens resilience in the near-term while enhancing future competitiveness and retaining optionality as industry conditions improve. Since 2024, De Beers has been streamlining its business in line with its Origins strategy to
Kering Holds 2nd “Kering Generation Award X Jewelry” Ceremony
Milan: The second edition of the Kering Generation Award X Jewelry took place on July 9, 2026, at the luxury group Kering’s headquarters in Paris during Paris Haute Couture Week. The World Jewellery Confederation (CIBJO) is a partner of Kering in the awards, which aim to support visionary talent whose work demonstrates excellence in sustainable design and practices in jewellery-making.
De Beers Provisional April Sales $660m
Gaborone: The De Beers Group has officially announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the third sales cycle (sight) of 2016 at a provisional $660 million, while the second sight figure was $617 million. The third sales cycle took place last week. In the first three months of this year De Beers has
LATAM Diamond & Jewellery Week from 20th June
Panama: Buyers and suppliers of jewelry, diamonds and colored gemstones from more than 20 countries in Latin America and around the world will gather at the World Jewelry Hub in Panama City from June 20 to June 23 for the Second Latin American Diamond and Jewelry Week. A commercial and networking event that is specifically designed to bring together players
RBS to Close Down India Operations
Mumbai: The Royal Bank of Scotland (RBS) is set to close its banking operations in India, having been frustrated in its efforts to find a buyer, according to a report in The Financial Times. The UK-based bank has for a number of years been selling non-core units of its India business, which it had to undertake after overextending itself during
Arun Jaitley in No Mood to Relent
New Delhi: Refusing to relent on excise duty levy on non-silver jewellery goods, Finance Minister Arun Jaitley on Sunday said a “luxury item” cannot remain out of tax ambit when taxes need to be paid on many essentials. A large section of jewellers and bullion traders have been on strike for over a month seeking withdrawal of one per cent
