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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 Charts $100 Bln. Export Vision for India’s G&J Sector
New Delhi: Mr. Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), was invited to attend the meeting organized with selected representatives of various industry sectors that contribute majorly to India’s merchandise exports chaired by Hon’ble Prime Minister Mr. Narendra Modi at New Delhi, on 3rd November 2025. Mr. Kirit Bhansali was representing the Gems & Jewellery sector that contributes 7%
Registrations for CIBJO Congress Now Open
Milan: Registrations for the 2026 congress of the World Jewellery Confederation (CIBJO) via the dedicated congress website located at: www.cibjo.org/congress-2026/ are now open. The congress will take place in Vicenza, Italy, from Friday, September 4, 2026, through Monday, September 7, 2026. The milestone event has been declared the Centenary Congress, and it will mark 100 years since CIBJO’s establishment in 1926.
World Diamond Congress from 12 to 15th July in Singapore
Singapore: As the Organizing Committee of the 41st World Diamond Congress (WDC) is finalizing the preparations for World Diamond Congress to be held for the second time in the Island City. The Congress venue has been moved from Marina Bay Sands to the iconic, eco-chic PARKROYAL COLLECTION Marina Bay hotel . “This venue offers a more intimate, sophisticated, and beautifully sustainable setting for our
India-Oman CEPA Comes Into Force
Muscat: The India-Oman Comprehensive Economic Partnership Agreement (CEPA) has come into force on 1 June 2026, ushering in a new phase in bilateral trade relations and creating fresh export opportunities across sectors including gems and jewellery, engineering goods, textiles, agriculture, pharmaceuticals and services. Signed on 18 December 2025 following negotiations launched in November 2023, the agreement grants India duty-free market
De Beers Q4 Diamond Output Down by 16%
Gaborone: De Beers said its diamond output for the fourth quarter of 2015 fell 16 percent to 7.1 million carats compared with 8.4 million carats produced a year earlier. It said in a statement that the drop reflected the decision by the group to reduce production in response to trading conditions. The diamond market struggled last year due to liquidity
Alrosa Production up by 6% in 2015
Moscow: Russian mining company Alrosa has issued a production and preliminary trading performance report for the fourth quarter and full year of 2015. The results show diamond production for the year totaled 38.3 million carats, up 6 percent compared with 2014, and in line with the 2015 guidance. The increase in production is attributed to commissioning of the Botuobinskaya pipe
7th ADTF Opens from 31st January
Antwerp: The 7th Antwerp Diamond Trade Fair (ADTF) will open its doors to jewelers, jewelry manufacturers and jewelry designers from all across the globe, from January 31 till 2 February 2016. Over the course of three days, they can meet with Antwerp’s top diamond companies within the halls of the Antwerp Diamond Bourses. One of the highlights of the three-day
Kalyan Jewellers to Invest Rs. 600 Crore to Expand
Thrissur: Kalyan Jewellers announced that it will hit the 100 showroom mark by the end of this financial year by adding 14 new showrooms, with 7 in India and 7 in West Asia. The company is investing Rs. 350 crore to expand its distribution capabilities, especially in the Northern and Eastern regions of the country and will spend another Rs.
