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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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De Beers Nets $410 mln. from 10th Sales Cycle
Gaborone: Anglo American plc, the parent company of De Beers, said the diamond miner provisionally netted $410 million at its tenth sales cycle of 2022 versus $454 million realized from the previous nineth sales cycle. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a
Shailesh Jhalani Elected as New President of IDCA
New York: The Indian Diamond & Colorstone Association (IDCA) has elected Shailesh Jhalani to succeed the outgoing Rajeev Pandya as president. Jhalani, the owner of Prompt Gem Importers and the former vice president of the group, was voted in as president at the New York election on December 8, the IDCA said last week. Members chose Vinit Jobanputra of Sanghavi
GJEPC Holds Stall Allotment for Inaugural IIJS Tritiya
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) conducted the stall allotment procedure for its brand new Bengaluru-based show IIJS Tritiya, at Jio World Centre in Mumbai on 19th December. Some 1500+ booths were allocated to 800+ exhibitors on the same day through a transparent process via an online platform that provided a real-time view of the booths being
India's Platinum Jewellery Sales Grow by 35%: PJBR
Hong Kong: Despite global geopolitical and economic challenges and the dampening effect of COVID-19, strategic efforts by Platinum Guild International (PGI) to boost sales and heighten the desirability of precious platinum have forged upswings in key markets, as evidenced by the Platinum Jewellery Business Review (PJBR) Q3 2022. “PGI’s mission to boost the desirability of platinum and drive sales for
IIGJ Presents Glimpz’26 Annual Award Ceremony
Mumbai: The Indian Institute of Gems & Jewellery (IIGJ) presented Glimpz’26, its annual exhibition and awards ceremony showcasing the graduating batch of B.A. in Gems & Jewellery Design (2023–26).Held at the Bharat Ratnam – Mega CFC Auditorium, the event brought together industry leaders, mentors, and emerging design talent on a common platform—celebrating creativity, craftsmanship, and the future of Indian jewellery.
End of Diamond Production at Diavik Mine
Toronto: Diamond production at the Diavik mine, in Canada’s Northwest Territories, came to an end last week after 23 years. It produced over 150 million carats during its lifetime, more than either of NWT’s other mines – Ekati (owned by Burgundy) and Gahcho Kue (joint venture, De Beers and Mountain Province ). The closure on Thursday, 26 March 2026, also
GJEPC to Organize ‘Design Inspirations’ on 9th April
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has organized ‘Design Inspirations’ event on 9th April, 2026 at Bharat Ratnam Mega CFC, Mumbai. The design seminar invites a galaxy of eminent speakers to share their insights on a wide range of topics. The workshop aims to provide the industry with relevant updates, enabling them to plan their designs and
IIJS Bharat Tritiya 2026 Ends with Great Success
Bengaluru: The 4th edition of IIJS Bharat Tritiya 2026, organized by India’s Gem & Jewellery Export Promotion Council (GJEPC), concluded on a triumphant note at the Bengaluru International Exhibition Centre (BIEC), solidifying its position as India’s third-largest B2B jewellery exhibition. The show witnessed a massive scale-up, hosting over 1,100 exhibitors and 1,900 stalls, while attracting 15,000 trade buyers from 500
