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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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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Phase II of Mandatory Hallmarking from 1st June

Mumbai: Hallmarking of gold jewellery and artefacts was made mandatory in India with certain exemptions w.e.f. 15th June, 2021 vide the Hallmarking of Gold jewellery and Gold Artefacts Order, 2020. At present, hallmarking of gold jewellery and artefacts is mandatory in 256 districts and that to for the following three caratages, namely 14, 18  22, i.e. gold jewellery and artefacts

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NDC Launches its 2nd Jewellery Trend Report

Mumbai: The Natural Diamond Council (NDC) in India and the United Arab Emirates launched the second edition of the jewellery trend report offering insights and predictions on the natural diamond jewellery that is set to make statements in 2022. Encapsulating the sensibilities that define the aesthetics of today, the report has been thoughtfully compiled by experts from the fields of

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GIA India Launches Pearl Identification Lab in Mumbai

Mumbai: GIA India announced the launch of its new pearl identification laboratory in Mumbai. The launch was held at the Trident Hotel in Nariman Point, Mumbai in the presence of Sriram Natarajan, Managing Director of GIA India, Apoorva Deshingkar, Senior Director – Education and Market Development, GIA India, Dr. Chunhui Zhou, Senior Manager Pearl Identification, GIA New York, Abeer Al-Alawi and Nicholas Struman,

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Dominica Drops Proceedings against Mehul Choksi

Mumbai: Dominica has stopped criminal proceedings against fugitive diamantaire Mehul Choksi. The legal victory for Mr. Choksi comes a year after a court in Dominica accused the wanted businessman of entering the country illegally. Mr. Choksi had maintained that he was abducted by a group of individuals from his beach-side house in Antigua where he acquired citizenship in 2017. “Mr.

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Dassani Brothers to Launch New Collections at IIJS Premiere 2026

Mumbai: Dassani Brothers, a pioneer in the manufacturing of exquisite Polki and Jadau jewellery, will unveil two signature collections GATSBY and RAAGINI at IIJS Premiere 2026. Inspired by the brand’s Heritage Meets Modern philosophy, the collections showcase four generations of craftsmanship, blending timeless artistry with contemporary design. The GATSBY Collection draws inspiration from the bold geometry and glamour of the Art Deco era,

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Grow Your Business, Attend ‘Innov8’ at IIJS Bharat Premiere

NATURAL DIAMONDS: DESIRE, CONFIDENCE, COLLABORATION & LEADERSHIP: Mumbai: The Count down for IIJS Bharat Premiere 2026, being organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) has begun. At IIJS Bharat Premiere 2026, GJEPC × GIA presents Innov8 Talks, powered by IGM (India Gold Metaverse), bringing together global leaders from the natural diamond industry to explore the future of

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India’s CG, Dubai, V V Reddy, Interacts with BDB Committee

Mumbai: India’s Consul General (CG) to Dubai, Mr. Vishnu Vardhan Reddy, visited the Bharat Diamond Boure (BDB) complex on July 24. He engaged with members of the BDB Committee. The visit enabled the CG to gather better insights into the functioning of the diamond trade, the operations within the Bourse. He also observed the smooth functioning of import-export trade in

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Dhoni Joins Malabar Gold as Brand Ambassador

Mumbai: Malabar Gold & Diamonds, a responsible jeweller, recently announced MS Dhoni as its Brand Ambassador, marking the beginning of a long-term association centred around The Responsible Jeweller, the brand’s philosophy of taking responsibility beyond jewellery. At a time when consumers are placing greater emphasis on transparency, authenticity and trust, Malabar Gold & Diamonds is reinforcing its commitment to responsibility across every

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