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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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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
IIJS Bharat Premiere Strengthens GCC Outreach with Deira Gold Souq Campaign
Dubai: India’s Gem & Jewellery Export Promotion Council (GJEPC) stepped up its buyer outreach in Dubai, placing the famed Deira Gold Souq at the heart of its campaign to drive participation in IIJS Bharat Premiere, scheduled to be held from 5 to 10 August 2026 in Mumbai. With 76% of Dubai’s jewellery buyers concentrated in Deira Gold Souq, the district
66 Indian Companies Participating in VOD
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem & jewellery industry in India, in its effort to cater to the rapidly emerging Middle East Gems & Jewellery market is organizing India Pavilion at this year’s Vicenzaoro Dubai (VOD) scheduled from April 14 to April 17 at the Dubai World Trade Centre, Dubai. After
Natural vs. Synthetic Diamonds- Seminar in VOD
Hong Kong: The World Diamond Mark Foundation (WDM), in cooperation with HRD Antwerp Istanbul, will hold a seminar entitled “Setting Nature’s Wonders Apart – Natural diamonds versus synthetics” during the upcoming VICENZAORO DUBAI (VOD) 2016 fair that will be held from April 14 to 16, 2016, in Dubai, the United Arab Emirates. The presentation is part of a series of
Lucapa Achieves Record Sales of $23M in Q1 ’16
Luanda: Record diamond production, including the largest diamond ever found in Angola, has generated the Lulo diamond partners gross revenue of $23M (A$32.5M) in Q1 2016, “underlining the strong global demand for large top-tier gems.” Lucapa Diamond Co says the result was on diamond sales of 1,931cts at an exceptional average selling price of US$11,983ct (A$16,831ct), which included the $16M
Indian Jewellers Call off Strike
Mumbai: After keeping shutters down for 43 days against the proposed one per cent excise duty on non-silver jewellery, bullion traders and jewellers opened their shops on Tuesday. In the past six weeks, the striking jewellers not only lost on new business but also faced a tough time retaining artisans and paying rent for their establishments. To their disappointment, the
