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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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India-Thailand to Revive Bilateral G&J Trade
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) hosted the 12th India Global Connect with Thailand on 28th October with an aim of exploring the untapped potential in the gem and jewellery sector. So far GJEPC had successfully organised India Global Connect e-meetings with the UK, Colombia, Switzerland, Angola, Oman, Singapore, Morocco, Saudi Arabia, UAE, Hong Kong and Qatar.
CIBJO Releases Coloured Stone Special Report
Milan: With the 2021 Virtual CIBJO Congress already underway, the eighth of this year’s CIBJO Special Reports has been released. Prepared by CIBJO’s Coloured Stone Commission, headed by Charles Abouchar, the report looks at issues related to ethical sourcing, and how the principles of responsible supply chain management can be implemented without disenfranchising artisanal and small-scale miners, and small and
Entries for 5th Artisan Awards Invited
Mumbai: The Gem and Jewellery Export Promotion Council (GJEPC) invites entries for India’s most coveted jewellery design awards – 5th edition of The Artisan Awards 2022. After 4 successful editions, GJEPC is here with another challenging theme “The Collectors”- focusing on three iconic women – Elizabeth Taylor, Barbara Hutton and Wallis Simpson – who had individual styles and portrayed an
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
Progress Killed in Pursuit of the Impossible: WDC
Dubai: The World Diamond Council (WDC) yesterday expressed profound regret that a small number of Kimberley Process (KP) Participants blocked consensus on long-awaited reforms designed to strengthen protections for Africa’s diamond-mining communities. For three years, the KP Review and Reform Committee worked on the most ambitious reform effort in more than two decades. That work brought the KP closer than
Amber Pepper Appointed as CEO of NDC
London: The Natural Diamond Council (NDC) has announced the appointment of Amber Pepper as Chief Executive Officer, effective 1 February 2026. A seasoned global leader in luxury brand transformation, Pepper brings a wealth of experience in driving commercial growth, digital innovation, and consumer-centric storytelling across some of the world’s most respected fashion and retail brands, including senior roles at Tapestry,
Kirit Bhansali Represents Indian G&J Ind. at India–Israel CEO Forum
Tel Aviv: Mr. Kirit Bhansali, Chairman, GJEPC, attended the India–Israel CEOs Forum on 20th November 2025 at Hotel Dan Tel Aviv, following his nomination by DPIIT, Ministry of Commerce & Industry, Government of India, as a representative from the Indian side. During the visit, he also met Mr. Nir Barkat, Minister of Economy and Industry, Israel. In his address, Mr.
ORIGIN De Beers Group Launches to Consumers in Stores Across North America
Mumbai: ORIGIN De Beers Group, the new branded polished diamond offering from De Beers Group, is now available to consumers in retail stores across North America. This marks the first time the ORIGIN De Beers Group polished diamonds are available in store, bringing the power of provenance and storytelling directly to consumers through immersive retail and digital experiences. Unveiled at JCK earlier
