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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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Jatin Mehta Fails in Bid to Unfreeze $932m Assets
London: Fugitive Indian diamond merchant Jatin Mehta has lost his legal challenge against the freezing of his assets, worth $932m, by a British court. The high court in London ruled that the worldwide freezing order (WFO) imposed in May 2022 on Mehta and his family must continue. He is accused of defrauding 15 lenders out of more than $1bn lent
Duties on 100% tariff Lines to be Eliminated by Australia
New Delhi: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Mr. Piyush Goyal said that duties on 100 percent tariff lines would be eliminated by Australia under the landmark India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA). He was addressing a press conference on the ECTA following the approval of the Agreement by the
IIJS Signature 2023 Launches “ONE EARTH” Initiative
Mumbai: In a major step towards sustainable development goals, IIJS Signature 2023, scheduled from 5th – 9th January 2023, is launching the “ONE EARTH” initiative in association with SankalpTaru Foundation. This is the first such large-scale pro-environment initiative by a gem & jewellery trade organisation in India. The tree plantation drive is aimed at offsetting carbon emissions generated by IIJS Shows with
Shine this Season with Platinum Evara
Mumbai: A time of joyous celebration with family and friends, the festive and party season brings along a slew of special events and gatherings to attend. While selecting the perfect outfit for each occasion might seem like a task, let your jewellery be the focal point of your look, as you choose from an exquisite range of platinum jewellery pieces
HM Sarafa Bazaar Unveils Sterling Silver Jewellery Store
Mumbai: Blending 80 years of legacy with contemporary design sensibility, HM Sarafa Bazaar, a B2B jewellery platform, announced the opening of its first experiential store, iAMORY, a modern handcrafted 925 sterling silver and lab grown diamond brand in Chandivali, Powai, Mumbai. Co-founded by a husband-and-wife duo, Archit Jain and Anokhi Jain, the new store is thoughtfully designed at the confluence
Platinum Love Bands Unveils ‘Unlock with Love’ Campaign
Mumbai: This wedding season, Platinum Love Bands breaks away from traditional product launches. The brand orchestrates an emotionally charged social experiment that captures a connection invisible to most until now. Rings have long stood as symbols of love — seen by the world, but holding meaning only the couple understands. The truest parts of a relationship are often unspoken: a
WGC Launches ‘It’s Aaj ka Gold’ Campaign
Mumbai: The World Gold Council (WGC) recently announced the launch of its first India-focussed gold ETF campaign, built around the powerful core message ‘It’s Aaj Ka Gold’ (means ‘Today’s gold). The campaign is aimed at modernizing gold investment for the nation’s digital-savvy young investors. The campaign aims to address the awareness–action gap and reinforce the accessibility, liquidity and strategic relevance
GJSCI’s Initiative on Tribal Youth Empowerment
Mumbai: The Shrimad Rajchandra Skill Development Centre, set up in partnership with the Gem & Jewellery Skill Council of India (GJSCI) in September 2022, is helping tribal youth in Dharampur, Valsad, in southern Gujarat build sustainable careers in the gem and jewellery sector. The centre offers training in jewellery CAD design, a key skill in modern jewellery manufacturing. Supported by
