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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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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India's Gold Demand can 'Shine' in Q4

Mumbai: India’s gold demand during Q3 2021 (July-September) jumped 47% to 139.1 tonnes versus 2020 owing to the return of positive consumer sentiments and increased trading activity, the World Gold Council (WGC) said in its latest Gold Demand Trends report. India’s Q3 2021 gold demand value was Rs. 59,330 crore, an increase of 37% as compared to Q3 2020. Jewellery demand in

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Record Results by Argyle Pink Diamonds Tender

Perth: Rio Tinto’s 2021 Argyle Pink Diamonds™ Tender collection of 70 rare pink and red diamonds from its Argyle mine in Australia has delivered the most significant set of record-breaking results in its 38-year history. The 2021 collection, titled The Journey Beyond™, is a historical collection comprising the pinnacle of the Argyle production, mined in its final year of operations,

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Alrosa Considers Partnering with GJEPC

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) welcomed representatives from ALROSA including Evgeny Agureev, Deputy CEO, and Stanislav Martanus, Head of Customer Policy Centre, and Mr. Dmitry Amelkin, Head of Strategic Development & Polishing Division at its head office in Bharat Diamond Bourse (BDB), Mumbai on 22nd October, 2021. This was the first high-level international delegation to visit

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Big Jump in LGD Sales in the US

New York : Two thirds of jewelers now sell lab grown diamonds (LGDs), says a survey of over 600 independent retailers across the United States and Canada. That figure is up from just 10 per cent five years ago, according to Instore, the US magazine for the jewelry industry, which commissioned the survey. More than half (56 per cent) said the

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GJS-2026 Inaugurated by Mr. Uday Samant 

Mumbai: The All India Gem & Jewellery Domestic Council (GJC) proudly inaugurated the 10th edition of the India Gem & Jewellery Show (GJS 2026 Diwali Edition), celebrated as #HumaraApnaShow—India’s most premium B2B jewellery exhibition—at the iconic Jio World Convention Centre, Mumbai. Inaugurated 2nd October, the show will continue until October 4, 2026, bringing together jewellers, designers, buyers, and industry leaders

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IAGES Brings Together Accredited Gold Ind. Stakeholders at Trust Circle

New Delhi: The Indian Association for Gold Excellence and Standards (IAGES) hosted its Trust Circle 2026 event at The Oberoi, New Delhi, bringing Accredited Partners and stakeholders from across the gold value chain together for an evening centred on trust, transparency and responsible practices in the sector. The event drew representatives from diverse segments of the gold ecosystem, including refining,

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NGS, De Beers Renew Okavango Eternal Partnership

New York: The National Geographic Society (NGS) and De Beers Group have announced the renewal of the Okavango Eternal partnership for an additional five years, reaffirming their commitment to the long-term protection of the Okavango River Basin (“the Basin”) and to conservation-related livelihood opportunities for the people who live there and help steward it. One of Africa’s most vital wetland

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Anera Silver Opens its First Store in Bengaluru

Bengaluru: Anera Silver by Kushals announced the opening of its first store in Bengaluru’s HSR Layout on 26thSeptember, marking the beginning of an ambitious retail journey for the newly launched jewellery brand. Founded by Kalpesh Gulechha, Anera Silver has been createdwith a clear point of view to build a jewellery destination where design, craftsmanship, collections and the overall experience take

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