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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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UNI & EZcalc Hold Inaugural White Diamond Tender
Ramat Gan: With the end-of-year holiday shopping season now officially underway, UNI and EZcalc have announced their inaugural White Diamond Tender, which will take place December 10 to 14, 2020, and following that become a regular weekly event. On offer will be hand-selected, high-quality polished diamonds of unusual value, exclusively being made available for the sale. “White Diamond Tenders are
India’s G&J Exports Recovering at Fast Pace: GJEPC
Mumbai: India’s Gems and Jewellery (G&J) sector has shown signs of green shoots of exports after a long pandemic struggle of over 8 months. The November 2020 gross exports of Gems & Jewellery reported USD 2.48 Bn a mere 3.88 percent decline as compared to the gross exports of USD 2.58 Bn reported in November 2019. Overall gross exports however this
PGI Launches Men of Platinum's New Campaign
Mumbai: During the last few months, we all have been faced with several challenges – be it personal or professional. And it’s true; adversity is the biggest test of character, of the values and beliefs one stands by. When faced with tough choices and standing at the crossroads only a few managed to come through and make the right choices,
CIBJO President Applauds Decision in United Kingdom
Milan: Mr. Gaetano Cavalieri, President of CIBJO, the World Jewellery Confederation, has described as “profoundly important” the agreement in the United Kingdom between the National Association of Jewellers (NAJ) and UK Trading Standards, a British government service working to ensure that consumers are protected from unfair trading, to provide the Diamond Terminology Guideline the status of Primary Authority Advice. Developed
Diamonds for Development Fund Receives Initial Funding
Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance
De Beers Reports Lower Q3 Output
London: De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8
New FEMA Guidelines to Exporters Explained
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IndusInd Bank, organized a webinar on 16 October 2026 to explain the revised Foreign Exchange Management Act (FEMA) guidelines and their implications for the gem and jewellery trade. Prakash Kumar Rath, Head – Gems, Jewellery and Diamond Division, IndusInd Bank, addressed key changes under the revised framework, which
India & France Explore New Frontiers in Luxury Jewellery
Paris: India’s Gem & Jewellery Export Promotion Council (GJEPC) brought 17 curated Indian fine jewellery companies to Paris, with the India–EU trade agreement lending fresh momentum to business partnerships, creative exchange and brand-building across France’s luxury ecosystem. The pitch was partnership, not just supply. India is looking to deepen its place in the global luxury conversation—not simply as a leading
