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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 $2 million and barring the
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Seventh Mubri World Meeting Opens on 29th Sep
Sao Paulo: From the 29th of September to the 1st of October, several countries gather to attend the Mubri World Meeting 2022 with great expectations from the names presented in this edition, 2022 was an exceptional year for Mubri thanks to several actions around the world. This year Mubri broke his own record for the number of successful actions throughout
Two-Day Convention of Diamond Traders in Antwerp
Antwerp: At 14 & 15 September, Antwerp was home to the wordwide diamond industry. The most important stakeholders talked about the future of diamonds in a new brand new format: FACETS 2022. Two days long different stakeholders were engaged through panel discussions, presentations, networking events and even a pitching competition. With government representatives of diamond producing countries like Angola, Tanzania,
India's G&J Exports in April-August 2022 Rise by 10%
Mumbai: The Gem & jewellery sector is all set to achieve its export target of USD 46 billion for the year 2022-23. For the cumulative period of April – August 2022, the overall gross exports of gem & jewellery (G&J) witnessed a growth of 10.16% to Rs. 130440.39 crores (4.4% in dollar terms to US$ 16695.56 million) as compared to
Skill Centre for Rural Youth of Dharampur, Gujarat
Mumbai: Yet another milestone achieved by GJSCI as it inaugurated another Skill Training Centre dedicated to Skill the rural and tribal youth in Dharampur. Dharampur is a town in Valsad district of Gujarat. Alongside the increasing development in urban industries and small businesses, the employment and skill-training of rural youth too plays a crucial role in the development of India’s
Zen Diamond Opens 2 New Stores in Bengaluru
Bengaluru: Zen Diamond, a fine jewellery brand with a presence in over 450+ stores worldwide, is strengthening its footprint in India with the launch of two new stores in Bengaluru. Following its successful debut in Mumbai with stores in Bandra and Borivali, Zen Diamond now expands its presence to South India with openings at Phoenix Mall of Asia and Phoenix
A New Book on ‘Theft of Koh-i-Noor’ by Britain
Mumbai: A new children’s picture book relating the story of the Koh-i-Noor as one of theft and colonial conquest, has just been published in India. Supriya Kelkar, a US-based author and illustrator of Indian origin, tells how the world’s most famous diamond was “stolen” by the British East India Company after the defeat of the Sikh Empire in 1849 and presented to Britain’s
National Jewellery Awards 2025 Presented
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) proudly hosted the 14th edition of the World Gold Council (WGC) Presents National Jewellery Awards (NJA’25), powered by IDT Gemological Laboratories Worldwide, at Jasmine Hall, Jio World Convention Centre, Mumbai, in conjunction with the India Gem & Jewellery Show (GJS). The evening was a dazzling celebration of India’s finest jewellery
Rio Tinto Launches its Final Beyond Rare Tender
Mumbai: Rio Tinto has launched its final Beyond Rare TM Tender, the third in its annual Art Series, featuring 52 lots of extraordinarily rare masterpieces of nature, from its Canadian and Australian diamond mines. Titled Into the Light, this unique event marks a special chapter in world diamond history. With Rio Tinto’s Australian Argyle Diamond Mine ceasing operations in November
