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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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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
GJEPC Opens Nomination Entries for 48th IGJA
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is all set to organise the 48th edition of the India Gem and Jewellery Awards (IGJA), the foremost recognition platforms for the jewellery sector in India to encourage exports and spur excellence in manufacturing, finance and innovation. In alignment with the evolving business scenario, the 48th edition includes new Award categories.
Nearly 80% of Belgian Diamond Traders Pass First-Ever Anti-Money Laundering Exam
Antwerp: For the very first time, the Belgian FPS Economy and the Antwerp World Diamond Centre (AWDC) organized a large-scale anti-money laundering (AML) exam for Belgian diamond traders. The sector delivered strong results, with nearly 80%of the 196 participants passing the test. The exam, which assesses knowledge of Belgian AML obligations, is part of broader efforts to further strengthen compliance
Gemfields CEO to Step Down: Ruby Auction Fetches $23.1 Mln.
London: Gemfields Group recently announced that its CEO Mr. Sean Gilbertson will step down by mutual agreement on 15 July 2026, with Chief Financial Officer Mr. David Lovett appointed Interim CEO while retaining his current role. The Board has begun the process of identifying a permanent successor. The announcement coincided with the results of Gemfields’ inaugural Trade Select ruby auction,
GJC Calls for Balanced Policy & Consumer Friendly Reforms
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) released yesterday its half‑yearly review of the gold and silver market for 2026, noting that the first six months of the year were marked by historic peaks in bullion prices, followed by corrections that reshaped consumer sentiment and industry outlook. The Council emphasized that taxation changes, customs duty hikes, and global geopolitical
Two New Gold & Silver Vending Machines Launched in Mumbai
Mumbai: Aspect Bullion & Refinery, the pioneer behind India’s first-ever Gold & Silver Vending Machine, has launched two new vending machine installations in Mumbai this June. This expansion marks another significant milestone in the company’s mission to make buying gold and silver more accessible, seamless, and convenient through an innovative, secure, and hassle-free purchasing experience. A vending machine was launched at
