We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
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
Top News
Organised Jewellery Retailers’ Revenue to Rise 23-25%
Mumbai: Revenue of organised gold jewellery retailers, which had a growth spurt of 36% last fiscal on a low base of the pandemic-marred fiscal 2021, will maintain the glimmer in 2022 with 23-25% growth as volume grows on pent-up demand and recovery in discretionary spending, and realisations inch up, CRISIL Ratings said. Next fiscal, however, growth will moderate to 8-12%,
Saiyam Mehra is New Chairman of GJC
Mumbai The All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry has appointed Mr. Saiyam Mehra as Chairman and Mr. Rajesh Rokde as its Vice Chairman for a period of two years (2023-24). The list of other newly elected directors of GJC has been uploaded on the company website www.gjc.org.in Mr Saiyam Mehra known for his vision to create benchmarks in the business of gold jewellery has been closely associated with GJC for the past many
Gold Prices Likely to Rise towards 62000 per 10 Gram
Mumbai: Demand for gold in 2023 is likely to rise due to geopolitical uncertainty coupled with the looming risk of recession, according to ICICI Direct Research. Historically, gold as an asset is considered to be safe as it typically manages to retain or appreciate its underlying value in times of turbulence. “Gold prices are likely to rise mainly on the
BVC Launches MarketSHIP to Secure Marketing Trips
The industry currently operates by traveling to a new city & carrying goods in a taxi while going door-to-door to new clients, and there are high risks undertaken, and an insurance claim challenge due to low limits for traveling salespersons. BVC has launched a door-to-door solution, wherein they will pickup from the origin, securely ship it to the destination, and
Maharashtra Announces Landmark G&J Policy
Mumbai: In a landmark move, the Government of Maharashtra yesterday announced the Maharashtra State Gem & Jewellery (G&J) Policy 2025, becoming the first state in India to introduce a dedicated policy for the gem and jewellery sector. The policy aims to attract investments worth ₹1 lakh crore and create over 5 lakh new jobs, marking a major step towards transforming
GJEPC Meet Addresses US Reciprocal Tariff Challenges
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) convened an exclusive trade meet in hybrid mode on 6th October at Bharat Diamond Bourse (BDB) to address the mounting challenges faced by India’s gems and jewellery industry due to US reciprocal tariffs and explore legal pathways to mitigate their impact. In his keynote address, Mr. Kirit Bhansali, Chairman, GJEPC, outlined
Vaani Kapoor Named Brand Ambassador for Lukson
Mumbai: Lukson, the next-generation fine jewellery brand from the JK Star Group has announced the appointment of celebrated actress Vaani Kapoor as its official Brand Ambassador. With this partnership, Lukson strengthens its vision of making sustainable, design-led, and affordable luxury jewellery a part of everyday life for modern India. Founded in 2024 by third-generation diamantaire Anand Lukhi and co-founder Vedant
Global Platinum Jewellery Market Rebounds
Mumbai: Platinum Guild International (PGI), a worldwide marketing organization dedicated to creating, expanding, and strengthening consumer and trade markets for platinum jewellery, has shared its findings from its Platinum Jewellery Business Review update for Q1 2025, highlighting strong growth across key global markets, led by a significant recovery in China. Platinum jewellery is seeing renewed global momentum, with China leading
