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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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PGI Releases Platinum Jewellery Business Review
London: The high performance of platinum as a metal and the emotional connections it builds with consumers make it an optimal choice for differentiation within the fine jewellery industry. Platinum Guild International (PGI) released the annual Platinum Jewellery Business Review (PJBR), highlighting platinum’s prestigious image among jewellery retailers and their customers. Platinum’s unique qualities continue to support consumer demand and
IIJS Premiere 'Exhibitor Meets' in Different Cities
Mumbai: After successfully organising IIJS Premiere Exhibitor Meets at Mumbai, Delhi and Kolkata, the GJEPC team went to Jaipur, Ahmedabad, Hyderabad, and Bengaluru, informing the exhibitors about the benefits of participating at IIJS Premiere 2022. A presentation was delivered on the upcoming shows: IIJS Premiere 2022, IIJS Signature 2023 and IIJS Tritiya 2023, explaining in detail the various aspects of
GJEPC Organizes Pune Sneha Melava
Pune: India’s Gem & Jewellery Export Promotion Council (GJEPC) was the Associate Partner of the Pune Sneha Melava that was attended by more than 1,000 top retailers from Pune and the surrounding region. The event was organised by the Pune Saraf Association (PSA), headed by President Mr. Fatehchand Ranka on 23rd May, 2022, to celebrate the 97th year of the
IGJS 2022 Jaipur Caters to Rising Global Demand
Jaipur: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully concluded the exclusive B2B jewelry show the IGJS in association with Gemfields, at JECC, Jaipur, India’s colored gemstone capital, from 10th to 12th May, 2022. The three-day show witnessed 200+ leading exhibitors showcasing their gems and designer jewelry to 650 international buyers from across 48 countries. It was the first
GIA Team Uncovers Gemstone Treasures in Brazil
Brasilia: Field researchers from the Gemological Institute of America (GIA) journeyed to gemstone mining areas in Brazil from March 31 to April 17 this year, gathering information on the current state of coloured stone mines in the region. Focusing specifically on emerald and tourmaline, the research team had the opportunity to visited Minas Gerais, Rio Grande do Norte and Paraiba
GJEPC Welcomes Export Promotion Mission, SEZ Revival
Mumbai:Announcing the reforms and budget for 2014-15, the Finance Minister, Mr. Arun Jaitley has maintained the populist front, announcing various small measures and state level schemes however none of them promise any major impact on the gem & jewelry sector, the Gem & Jewellery Export Promotion Council (GJEPC) has said in an official statement. “The industry is happy that our
GJF Expresses Deep Anguish over Union Budget
Mumbai: Indian gems and jewellery Industry is extremely disappointed with the Union Government Budget Proposals as the finance ministry did not consider their plea of reducing the import duty component on gold and also abolish the stringent 80:20 norms. “The union finance minister Mr. Arun Jaitley has ignored the plight of the trade in spite of several representation and meetings
No Solace in Budget for India's Jewellery Sector
Mumbai: India’s Finance Minister Mr. Arun Jaitley has not given any relaxation in his first budget today as far as import duty on gold is concerned, within 45 days of forming of the Narendra Modi government. Mr. Jaitley surprised bullion markets by keeping the import duty on gold and silver unchanged at 10% in his fiscal budget, a move likely
