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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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India Extends Foreign Trade Policy for Six Months
New Delhi: The Government has received requests from Export Promotion Councils and leading exporters to continue with the current Foreign Trade Policy 2015-20, which had been extended from time to time, the Ministry of Commerce & Industry stated. In recent days, exporters and industry bodies have strongly urged the Government that in view of the prevailing, volatile global economic and
SSEF Celebrates 50-Year Anniversary
Basel: For 50 years, the Swiss Gemmological Institute SSEF has been at the forefront of scientific gemmological research and testing to support a thriving gemstone and jewellery trade. In tribute of both its mission and accomplishments, some 150 industry leaders and opinion-makers from around the world gathered in Basel on September 1 and 2 to celebrate the golden anniversary. Founded
India's Ministry of MSME Signs MoU with GJEPC
New Delhi: GJEPC was appointed as the implementation agency of the MSME Ministry’s Capacity Building scheme for First Time MSE (Micro & Small Enterprise) Exporters (CBFTE), which is part of the International Cooperation (IC) scheme. A Memorandum of Understanding (MoU) finalising the same was signed by Ms. Mercy Epao, Joint Secretary (SME), Ministry of MSME and Mr. Sabyasachi Ray, Executive
Seventh Mubri World Meeting Opens on 29th Sep
Sao Paulo: From the 29th of September to the 1st of October, several countries gather to attend the Mubri World Meeting 2022 with great expectations from the names presented in this edition, 2022 was an exceptional year for Mubri thanks to several actions around the world. This year Mubri broke his own record for the number of successful actions throughout
World Diamond Day Sparks Global Groundswell
Mumbai: The Natural Diamond Council (NDC) announced the successful inaugural launch of World Diamond Day (April 8, 2026), a global, social-first movement that mobilized the diamond industry across more than 50 countries in a single unified moment. Designed to ignite a groundswell across the trade, the first-ever World Diamond Day drove a surge in global searches and social mentions for natural diamonds,
Artisan Jewellery Design Awards ’26 Presented
Mumbai: 9th edition of the Artisan Jewellery Design Awards 2026, organised by the Gem & Jewellery Export Promotion Council (GJEPC) and curated by The Futurist, concluded in Mumbai on April 8, bringing together the finest expressions of creativity, craftsmanship, and innovation in jewellery design. The Artisan Awards 2026 was powered by GIA and supported by the World Gold Council (WGC).
BDB Collaborates with GIA Alumni Mumbai
Mumbai: The Bharat Diamond Bourse (BDB), recently organized a special address as part of its “Leadership Series.” The session featured Ms. Ali Pastorini, President of the International Jewellers Association MUBRI, and Mr. Sachin Jain, Regional CEO of the World Gold Council (WGC). Ms. Pastorini discussed the growing demand for Indian diamonds and jewellery in Latin America, providing encouraging statistics for
230+ International Buyers Visit IGJS Jaipur ’26
Jaipur: The International Gem & Jewellery Show (IGJS) Jaipur 2026, organized by the Gem & Jewellery Export Promotion Council (GJEPC), is currently underway in Jaipur from April 9 to 11, 2026, bringing together leading Indian manufacturers and global buyers under one roof. Recognized as a highly curated, business-focused platform, IGJS continues to strengthen India’s position as a preferred sourcing destination
