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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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Momentum is Building for Basilia Jewellery & Watch Fair
Basel: Three months after its launch, it is clear that Basilia Jewellery & Watch Fair, organised by Informa Markets and MCH Group, meets a strong need with its gateway trade fair for the jewellery, watch and gemstone industries in Asia and Europe. Strong market demand has already brought exhibitor registrations to 70% of the target for the inaugural edition, which
Men of Platinum Expands Collection with New Designs
Mumbai: Platinum Guild International (PGI) India has unveiled a new Men of Platinum collection featuring chains, pendants, bracelets and rings designed for men at different stages of their journey. Endorsed by Rohit Sharma and Anirudh Ravichander in the brand’s new campaign, the collection brings to life a central belief: enduring success is forged through character—the conviction to forge your own
De Beers and Botswana Extend Partnership with Letsile Tebogo
London: De Beers Group and the Government of the Republic of Botswana today announced the extension of De Beers’ partnership with Olympic champion and Botswana sporting icon Letsile Tebogo. Originally launched in January 2025, when Tebogo was appointed a De Beers Global Ambassador, the partnership has now been expanded into a three-year programme of work between De Beers and the
Divine Solitaires, SGL Launch ‘Know Your Diamond’ Zone
Mumbai: The initiative equips Divine Solitaires’ reputed partner jewellers with advanced screening technology that can help verify key characteristics of diamonds,including whether a diamond is natural or laboratory-grown, checking laser inscriptions andverifying Hearts & Arrows (H&A). The screening machines will be provided as inventory to premium Divine Solitaires partner jewellers, enabling consumers to access the technology free of charge at
Informa Markets, Atelier Technology Enter Partnership
Hong Kong: Informa Markets, the world’s largest exhibitions organiser, and Atelier Technology, the leading technology provider in the jewellery supply chain have entered into a strategic cooperation that aims to create growth opportunities for the jewellery community through a carefully tailored digital service that leverages their combined strengths, technologies and industry relationships. Under the partnership, Informa Markets’ jewellery vertical —
Hong Kong Indian Diamond Association Joins WFDB
Antwerp: The Hong Kong Indian Diamond Association (HKIDA) has joined the World Federation of Diamond Bourses (WFDB) as an Associate Member, granting it Observer status in various organizational forums. HKIDA is an association of Indian natural diamond and diamond jewelry dealers and traders operating in Hong Kong whose aim is to promote the natural diamond trade and to ensure consumer
UNI & EZCalc to Organize Virtual Diamond Tender
Mumbai: August traditionally has been a vacation month in the international diamond trade, but 2020 is proving different, as companies scramble to restock following the lockdown that cast a shadow over the first half of the year. To meet the demand, and with numerous retail markets showing signs of recovery and the end-of-the year holiday season fast approaching, UNI and
BGJF is Rescheduled between 23 & 27 Feb 2021
Bangkok: Department of International Trade Promotion (DITP), Thailand Ministry of Commerce and its affiliates have been carefully monitoring the development of the global community efforts to diminish the COVID-19 situation in the past months. Although Thailand can control the outbreak so effectively that there is no local infection in the past two months, the health and safety of industry stakeholders
