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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
German Jeweller Awarded AAD by WDM
Hong Kong: Designer Diamonds, a family-owned engagement and wedding ring retailer headquartered in Munich, Germany, and the World Diamond Mark Foundation (WDM), a non-for-profit organization established in 2012 by the World Federation of Diamond Bourses (WFDB), have signed an accreditation agreement that secures the status of Designer Diamonds not only as the first WDM retailer in Germany, but also as
IIJW 2016 from 27th to 29th September
Mumbai: The 2016 edition of the India International Jewellery Week (IIJW) will be held at the NSCI Dome in Mumbai from September 27-29, 2016, according to India’s Gem & Jewellery Export Promotion Council (GJEPC). Official website of the event states that he annual extravaganza is an initiative to showcase India’s finest in jewellery both in terms of design & innovation
Fiera di Vicenza-CIBJO Seminar at VICENZAORO Sep
Vicenza: Today ranging in age between 20 and 39, the Millennials represent the largest and potentially most lucrative consumer generation since the fabled Baby Boomers of the late 20th Century. The degree to it will consider fine jewellery as a preferred purchase will largely determine the jewellery industry’s growth and prosperity over the coming years, but this is not guaranteed.
CIBJO Releases Ethics Special Report
Milan: With eight weeks to go to the opening of the 2016 CIBJO Congress in Yerevan, Armenia, on October 26, 2016, the second of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Ethics Commission, headed by Cecilia Gardner, the report reviews the World Jewellery Confederation’s efforts over the past year to promote Corporate Social Responsibility and
