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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
Top News
UNI Enhances Supply-Chain Transparency for Customers
Ramat Gan: With the increasing demand in the marketplace for diamonds that are verifiably compliant with ethical sourcing principles, UNI Diamonds has announced the introduction of new online feature, by which users will be able limit their search of its aggregated inventory to stones that meet the requirement of two of the industry’s most stringent responsible sourcing standards. As part
De Beers Increased Diamond Production
Gaborone: De Beers increased its rough diamond production by 15% year-on-year to 7.7-million carats for the fourth quarter of 2021, reflecting planned higher production to meet strengthening levels of demand. Production from its Botswana operations increased by 23% to 5.2-million carats for the quarter. This was primarily as a result of the planned treatment of higher-grade ore at Jwaneng, partly
IIJS Signature 2022 Rescheduled from 18th-21st Feb
Mumbai: India International Jewellery Show (IIJS) Signature 2022, the most-awaited jewellery event of the first half of the year, has been now rescheduled to be held from 18th – 21st February at Bombay Exhibition Centre Goregaon, NESCO. The show was initially scheduled in first week of January 2022, but Council decided to postpone the show due to surge in Covid-19
Gold Demand Hits Highest Level in more than 2 Years
Demand for gold reached 1,147t in Q4 2021, its highest quarterly level since Q2 2019 and an increase of almost 50% year-on-year, according to the World Gold Council (WGC). Gold bar and coin demand rose 31% to an 8-year high of 1,180t as retail investors sought a safe haven against the backdrop of rising inflation and ongoing economic uncertainty caused by the
Registrations for CIBJO Congress Now Open
Milan: Registrations for the 2026 congress of the World Jewellery Confederation (CIBJO) via the dedicated congress website located at: www.cibjo.org/congress-2026/ are now open. The congress will take place in Vicenza, Italy, from Friday, September 4, 2026, through Monday, September 7, 2026. The milestone event has been declared the Centenary Congress, and it will mark 100 years since CIBJO’s establishment in 1926.
World Diamond Congress from 12 to 15th July in Singapore
Singapore: As the Organizing Committee of the 41st World Diamond Congress (WDC) is finalizing the preparations for World Diamond Congress to be held for the second time in the Island City. The Congress venue has been moved from Marina Bay Sands to the iconic, eco-chic PARKROYAL COLLECTION Marina Bay hotel . “This venue offers a more intimate, sophisticated, and beautifully sustainable setting for our
India-Oman CEPA Comes Into Force
Muscat: The India-Oman Comprehensive Economic Partnership Agreement (CEPA) has come into force on 1 June 2026, ushering in a new phase in bilateral trade relations and creating fresh export opportunities across sectors including gems and jewellery, engineering goods, textiles, agriculture, pharmaceuticals and services. Signed on 18 December 2025 following negotiations launched in November 2023, the agreement grants India duty-free market
More Indian Women are Choosing Natural Diamonds
Mumbai: The domestic natural diamond jewellery market continues to witness strong growth momentum, with the country emerging as the world’s second-largest diamond jewellery market. India contributes 12% of global diamond jewellery demand, up from 10% in 2019, surpassing both China and Japan. According to a recent study, ownership of natural diamond jewellery among Indian women has increased from 11% in
