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

Read More »

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

Read More »

Top News

"KP is Not Fit for the Porpose": KPCSC

“The fact that the KP is unable to even discuss whether it should continue certifying Russian diamonds as conflict-free, reaffirms what we have been denouncing for years: That the world’s conflict diamond scheme is no longer fit for purpose,” Michel Yoboue, KPCSC coordinator, told KP delegates at a meeting in Botswana yesterday. “The silence of the KP over the Ukraine

Read More »

India has Recycling-Refining Capacity of 1800 tonnes

Mumbai: The World Gold Council (WGC) today launched a report titled ‘Gold refining and recycling’, as part of a series of in-depth analysis on the Indian gold market. The report highlights that amidst India’s growing demand for gold, recycling will continue to be key and the refining industry, which is currently stabilising after a period of change, will witness steady development.

Read More »

WDC Board Extends Terms of Elected Officers

New York: Meeting in video-conference on June 16, 2022, the Board of Directors of the World Diamond Council (WDC) has decided that, in light of the unusual set of circumstances currently prevalent, including those precipitated by the COVID pandemic, the terms of President Edward Asscher, Vice President Feriel Zerouki and Treasurer Ronnie VanderLinden, which were scheduled to terminate this year,

Read More »

KP "Must Suspend Russia & Redefine Conflict Diamonds"

Johannesburg: The Kimberley Process (KP) must “stop turning blind eye to Russia’s invasion of Ukraine and take fight against conflict diamonds seriously”. KP Civil Society Coalition (KPCSC), the umbrella organization that oversees its activities, issued a strongly-worded statement on Tuesday, accusing the KP of being “no longer fit for purpose”.An attempt by Western nations to broaden the KP definition of

Read More »

Lucia Silvestri is the Chief Guest at Artisan Awards 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has announced 8th April 2026 as the date for the prestigious Artisan Jewellery Design Awards 2026. Official theme of the Award is “Quantum Couture – Re-Engineering Beauty and Cultural Codes.” The GJEPC team declared, “We are honoured to welcome Lucia Silvestri, the creative force behind some of Bvlgari’s most iconic masterpieces,

Read More »

NDC Launches World Diamond Day on April 8

Mumbai: The Natural Diamond Council (NDC) introduces World Diamond Day on April 8, 2026, a global movement that brings people together through the stories behind natural diamonds. On this day, everyone is invited to participate, from those who work with diamonds every day to those who wear, gift, or admire them. World Diamond Day is about sharing the personal and

Read More »

Winners of the Mega Lucky Draw Announced

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) announced the winners of Mega Lucky Draw on 23rd March, where registered paid visitors won a Mercedes-Benz, Thar, Maruti and many more exciting bumper prizes. The Mega Lucky Draw for paid visitors on the concluding day of the IIJS Bharat Tritiya Show, added a celebratory note to the show, with lucky winners

Read More »

Platinum Jewellery Shines at the 98th Academy Awards

Mumbai: The 98th Academy Awards showcased some of the most spectacular jewelry moments of awards season, with platinum serving as the setting of choice for many of the evening’s standout looks. Celebrated for its rarity, strength and naturally luminous white color, platinum provided the perfect foundation for extraordinary diamonds and rare gemstones worn by Hollywood’s leading talent. From dramatic diamond

Read More »

Latest Videos