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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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Introductory Seminars on NFTs, Blockchain & Crypto
Antwerp: The Antwerp World Diamond Centre (AWDC) has planned to organize introductory seminars on NFTs, Blockchains and Crypto. For many of us, it’s still a mystery, but in the diamond industry, the organizer sees companies pioneering with new and fresh ideas on how to integrate these new technologies into the diamond business. There is no doubt that these technologies will
GJEPC's 5th IRGSS Opens in Jaipur
Jaipur: The 5th edition of the India Rough Gemstone Sourcing Show (IRGSS), organized by GJEPC, was inaugurated in Jaipur on 15th March by Rahul Nangare, Commissioner of Customs, Jaipur. The three-week-long exhibition ends on 2nd April. It features an assortment of rough emeralds displayed by the Gemfields-owned Kagem Mining Company Limited, Zamiba. Colin Shah, Chairman, GJEPC said, “I am happy
JVC Issues Guidance about Russian Diamonds
New York: US sanctions on importing rough diamonds from Russia do not apply to stones mined there but cut and polished elsewhere, according to the Jewelers Vigilance Committee (JVC). The ban, announced last Friday, covers “unworked or simply sawn, cleaved or bruted” diamonds, or what generally referred to as “rough diamonds”, but does not extend to gems polished in other
De Beers Diamonds don't Come from Russia
London: De Beers is encouraging retailers to “buy with confidence” by engaging with their suppliers to understand the origin of their diamonds, following an executive order by US President Joe Biden banning the importation of Russia-sourced diamonds into the US. Biden made the move as part of a broad package of sanctions against Russia, its State entities and political backers
GJEPC Urges Simpler Path to Gold Monetization
Mumbai: India’s gold monetization efforts must focus on simplicity, trust and convenience if the country is to unlock the vast stock of idle household gold, said Khushboo Ranawat, Regional Chairperson – West, and Member – National Exhibitions, GJEPC, during a panel discussion at the ‘India’s Gold Revolution: Monetization, Tokenization & Financial Transformation’ seminar organized by the Bombay Chamber of Commerce &
GJEPC Hosts U.S. Senators, State Lawmakers for Industry Dialogue
Mumbai: Against the backdrop of deepening India-U.S. trade ties, GJEPC hosted a delegation of U.S. senators, state legislators and National Conference of State Legislatures (NCSL) officials at its Mumbai headquarters on 22nd June to provide an overview of India’s gem and jewellery industry and discuss key sectoral trends. The delegation comprised Wayne Harper, President Emeritus and President Pro Tempore, National Conference
Jewellery Crafts Design Competition at IIJS Bharat-Premiere 2026
Mumbai: IIJS Bharat – Premiere 2026 invites you to participate in the “Jewellery Crafts Design Competition”, presented under this year’s Brilliant Bharat – “Music of India” theme. For the 42nd edition of IIJS Bharat – Premiere, exhibitors are encouraged to create jewellery inspired by India’s rich and diverse musical heritage. From classical ragas, folk traditions, devotional music, and regional instruments
PGI (India) Strengthens its Consumer Visibility
Mumbai: Platinum Guild International (PGI) India has announced a focused hyperlocal activation programme ahead of the upcoming wedding season, aimed at strengthening consideration for platinum jewellery across key markets. The programme will run from mid-June to mid-July 2026. Designed to deliver high reach and frequency across premium catchments, the initiative aims to increase visibility for platinum jewellery closer to key
