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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 Bharat Premiere 2026 Strengthens Nepal Buyer Outreach
Kathmandu: India’s Gem & Jewellery Export Promotion Council (GJEPC) expanded its international buyer outreach for IIJS Bharat Premiere 2026 with a comprehensive roadshow across Nepal, engaging leading jewellery associations, trade bodies and retailers to drive visitor registrations for the show. Led by Ajay Purohit, Deputy Head – International Events, GJEPC, the outreach programme covered Kathmandu, Lalitpur, Pokhara and Chitwan, where
First Pre-CIBJO Congress Special Report
Milan: With nine weeks to go to the opening of the 2026 CIBJO Congress in Vicenza, Italy, on September 4, 2026, the first of the pre-congress Special Reports has been released. Prepared by the CIBJO Sustainable Development Commission, headed by John Mulligan, the report considers both the challenges and opportunities presented to the jewellery industry as government regulations concerning social
Gold Faces Pivotal H2 as Geopolitical Risk
New York: After a volatile start to the year, gold now faces a pivotal second half that will be shaped by unpredictability from geopolitics, rates, and investor sentiment, according to the Gold Mid-Year Outlook 2026 released by the World Gold Council (WGC) recently. Gold set more than 12 all-time highs and reached a record US$5,405/oz in late January before pulling
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
Argyle Coloured Diamonds Dazzle in Antwerp
Perth: Rio Tinto’s final Argyle Pink Diamonds Tender collection of rare pink, red, blue and violet diamonds is being showcased to connoiseurs, collectors and luxury jewellers in Antwerp, Belgium. The Argyle Pink Diamonds Tender, an annual invitation-only event for the past 38 years, is widely considered to be the most anticipated diamond sale in the world, showcasing the pinnacle of
India PM Sets $ 400 bn Target for Export Sector
Mumbai: India’s Prime Minister Mr.Narendra Modi held a virtual interactive meeting with Heads of Export Promotion Councils (EPCs), Chambers of Commerce, and Indian Missions abroad along with stakeholders of the trade and commerce sector of the country on 6th August, 2021. The purpose of the interaction was to provide a focused thrust to leverage and expand India’s merchandise exports to
GJ Sector's CSR Initiatives Touch Thousands of Lives
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has launched the book Jewellers For Hope – With Hearts of Gold, a compilation of corporate social responsibility (CSR) activities undertaken by the gem and jewellery trade in India. It highlights the magnitude of social work collectively undertaken by the gem and jewellery industry for the benefit of society. The sector accounts for approximately $36
Platinum Evara Celebrates Strong & Compassionate Women
Mumbai: The devastating second wave of the pandemic had far-reaching effects across various sections and strata of the society. During these times, it was the women who led from the front and became the fulcrum around which families and communities held together. Right from world leaders and front-line workers to home makers and salaried professionals, women from various walks of life became the
