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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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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
Sky Gold & Diamonds Acquires Purvi Gems
Mumbai: Sky Gold & Diamonds Ltd., (Sky Gold) one of India’s leading jewellery manufacturers and exporters, has successfully completed the acquisition of 100% equity shares of Purvi Gems & Jewellery (India) Private Limited, a company engaged in the manufacturing of uncut and precia jewellery and related products. Following the completion of the acquisition on October 7, 2026, Sky Gold is
GJSCI Certifies 3rd Centre of Excellence in Kerala
Mumbai: Gems & Jewellery skill Council of India (GJSCI) takes another step towards accomplishing Prime Minister Mr. Narendra Modi’s vision of a skilled India by certifying their 3rd Centre of Excellence- KTB (IGJ,Inkel) in Mallapuram, Kerala in presence of Mr. Rajiv Pratap Rudy- Union Minister of State Skill Development and Entrepreneurship, Mr. Rohit Nandan -Principal Secretary, Ministry of Skill Development
CIBJO Releases Marketing & Education Sp. Report
Milan: With nine weeks to go to the opening of the 2016 CIBJO Congress in Yerevan, Armenia, on October 26, 2016, the first of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Marketing & Education Commission, headed by Jonathan Kendall, the report provides an update about the organization’s Jewellery Industry Greenhouse Gas Measurement Initiative, which was
BDB Installs 118' High Indian National Flag Mast
Mumbai: A 118 feet high Flag Mast has been installed in the premises of Bharat Diamond Bourse located in the ‘G’ Block of Bandra Kurla Complex, a corporate hub of Mumbai. The Indian National Flag admeasuring 30’ X 20’ was ceremoniously hoisted at the hands of Mr. Kirtibhai Doshi, the senior most diamond merchant in Mumbai and Mrs. Amrita Devendra
16 Indian Cos Participating in India Diamond Week
Mumbai: In its effort to promote the Indian gems and jewellery industry, the Gem & Jewellery Export Promotion Council (GJEPC) in association with Diamond Dealer Club is organizing the 5th India Diamond Week from August 22 to 25, 2016 at the Diamond Dealers Club, 580 5th Avenue, New York. The main purpose of the four-day event is to create an
