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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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Minor Decrease in Fancy Color Diamond Prices
New York: The Fancy Color Research Foundation (FCRF) recently announced the Fancy Color Diamond INDEX results for Q4 and a summary of 2020. Q4 Results: PinkThe prices of all Pink diamonds overall remained without a change in Q4 2020, with Fancy and Fancy Intense categories presenting a slight increase. The 1.00-1.49 and 2.00 to 2.99 carats segments presented an increase of 0.4% and 0.6% respectively, with the
India's G&J Exports Fell 37% in Apr-Jan: GJEPC
Mumbai: India’s gems and jewellery (G&J) exports dipped 7.8 per cent in January to USD 2.7 billion as against $2.9 billion a year ago, according to data provided by the Gem Jewellery Export Promotion Council (GJEPC). During April-January 2021, exports declined about 37 per cent to $19.24 billion as compared with $30.52 billion during the 10 months of 2019-20, the
GJEPC Hails 'Atmanirbharta' Proposed by Government
Mumbai: The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of gems and jewellery exports, hails Government of India for the latest amendments made in the Gold Monetisation Scheme. GJEPC lauds Government’s decision of inclusion of jewellers as CPTCs and introduction of SoP for retailers on how to operate under GMS. The Council is
PGI Launches New Advertisement Campaign
Mumbai: The year 2020 saw the world grappling with a host of difficulties and challenges– no less for couples. But in this face of uncertainty, the solace and stability that relationships offered became more valuable than ever before as couples turned to their partners for comfort and strength. Now, entering into 2021 with trepidation and caution, it’s the love they share that
Momentum is Building for Basilia Jewellery & Watch Fair
Basel: Three months after its launch, it is clear that Basilia Jewellery & Watch Fair, organised by Informa Markets and MCH Group, meets a strong need with its gateway trade fair for the jewellery, watch and gemstone industries in Asia and Europe. Strong market demand has already brought exhibitor registrations to 70% of the target for the inaugural edition, which
Men of Platinum Expands Collection with New Designs
Mumbai: Platinum Guild International (PGI) India has unveiled a new Men of Platinum collection featuring chains, pendants, bracelets and rings designed for men at different stages of their journey. Endorsed by Rohit Sharma and Anirudh Ravichander in the brand’s new campaign, the collection brings to life a central belief: enduring success is forged through character—the conviction to forge your own
De Beers and Botswana Extend Partnership with Letsile Tebogo
London: De Beers Group and the Government of the Republic of Botswana today announced the extension of De Beers’ partnership with Olympic champion and Botswana sporting icon Letsile Tebogo. Originally launched in January 2025, when Tebogo was appointed a De Beers Global Ambassador, the partnership has now been expanded into a three-year programme of work between De Beers and the
Divine Solitaires, SGL Launch ‘Know Your Diamond’ Zone
Mumbai: The initiative equips Divine Solitaires’ reputed partner jewellers with advanced screening technology that can help verify key characteristics of diamonds,including whether a diamond is natural or laboratory-grown, checking laser inscriptions andverifying Hearts & Arrows (H&A). The screening machines will be provided as inventory to premium Divine Solitaires partner jewellers, enabling consumers to access the technology free of charge at
