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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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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
IIJS Bharat Premiere 2026 Crosses 25,000 Registrations
Mumbai: IIJS Bharat Premiere 2026 surpassed 25,000 visitor registrations, marking a strong response from the domestic and international jewellery trade. In view of the milestone, GJEPC has extended the Phase 1 visitor registration deadline to 10 July 2026, giving buyers and trade visitors additional time to register at the current rates before the next pricing phase. IIJS Bharat Premiere 2026,
Antwerp Presents Ring with 321 Natural Diamonds to the US
Antwerp: During the celebration of the 250th anniversary of the United States (US) in the Parc du Cinquantenaire in Brussels, the Antwerp diamond sector presented an exclusive ring set with 321 natural diamonds to U.S. President Donald Trump. The ring symbolizes the historic trade relationship between Antwerp and the United States – for decades the most important export market for
From London to Athens, GJEPC Builds New Export Opportunities
London: Representing India’s gem & jewellery industry (G&J), the Gem & Jewellery Export Promotion Council (GJEPC) Vice Chairman Mr. Shaunak Parikh joined the high-level business delegation led by India’s Commerce & Industry Minister Mr. Piyush Goyal to the UK and Greece. In the UK, GJEPC championed the industry’s priorities as the India–UK FTA paves the way for gem & jewellery
Indian Jewellers to Observe Strike on 10th Feb
Kolkata: Over 300 jewellery associations across the country will observe one-day strike on February 10 to protest against norms that make it mandatory to quote PAN for any transactions of Rs 2 lakh and above. “We are forced to call the strike on Wednesday for the government’s decision to impose PAN card for purchases above Rs two lakh,” chairman (east)
KP Chairman Honored during Visit to WJH
Panama: Ahmed bin Sulayem, Executive Chairman of the Dubai Multi Commodities Center (DMCC), was honored last week in Panama City, when he was presented Honorary Membership of the World Jewelry Hub (WJH) by its Chairman Mr. Eli Izhakoff. Mr. Bin Sulayem, who also is the current Chairman of the Kimberley Process, was on a visit to Panama as a guest
AWDC Simplifies Identification Process
Antwerp: Belgian anti-money laundering legislation requires diamond traders to identify their clients, verify their identity and conduct a risk analysis before proceeding to a transaction. AWDC, the umbrella organization of the Antwerp diamond industry, is therefore making a free database available to diamond traders to simplify this identification process. Not only banks, but also diamond traders in Belgium are required
Seventh ADTF Holds its Own in Cautious Market
Antwerp: When the Seventh Edition of the Antwerp Diamond Trade Fair (ADTF) opened its doors on Sunday, January 31, expectations among participating exhibitors were low key, recognizing the rather slow holiday sales season reported by European retail jewellers and diamond distributors. Fortunately, by the time the three-day fair — jointly organized by the Antwerp Diamond Bourse (Beurs voor Diamanthandel), the
