We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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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 Joins Govt Delegation to Canada for CEPA Talks
New Delhi: Union Commerce & Industry Minister Mr. Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties. Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the
India Design Gallery at JCK Las Vegas 2026
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) presents the India Design Gallery at the 2026 JCK Las Vegas trade show. This exclusive gallery, located at Level 1 Lobby, will highlight some of the most exquisitely crafted jewellery pieces from India. Held from 29thMay to 1st June 2026, at the Venetian Expo | Indian Pavilion at Level 1 and
Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million
London: Gemfields recently announced revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats
D. P. Abhushan Q4 2026 PAT Jumps 101% YoY
Bhopal: DP Abhushan Limited (NSE: DPABHUSHAN, BSE: 544161), a company marking golden legacy of 86 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 12 different geographics in India, announced its financial results for the fourth quarter and full year ended 31st March 2026. The company reported a strong performance with Q4FY26
Alrosa to cut rough Prices by 8 to 10%
Moscow: Russian diamond miner ALROSA will lower rough diamond prices at its September trading session by 8% to 10%, Russian news agency Interfax reported Sept. 15, citing two unnamed sources involved in diamond trading. The company took the decision to reduce prices Sept. 14, according to the news wire. “Preliminarily, the drop is 10%, in the framework of the market
UAE to Become Chair of KP In 2016
Dubai: Dubai Multi Commodity Centre (DMCC), one of the world’s leading commodity hubs and the UAE Ministry of Economy’s authority for the Kimberley Process Certification Scheme (KP), welcomed the selection of the UAE as the Vice-Chair of the KP in 2015. The appointment was recently confirmed through a voting process involving all KP Participants. The UAE will assume the role
Gujarat Hira Bourse Denotified as SEZ
Surat: The Gujarat Hira Bourse (GHB) project in Surat has been denotified as a Special Economic Zone, according to a decision taken by the Ministry of Commerce, Government of India recently, reports gjepc.org. The notification from the ministry, signed by Dr. Guruprasad Mohapatra, Jt Secy, Department of Commerce, has rescinded an earlier government order of 2007 under which the bulk
Gemfields Acquires 2 Emerald Projects in Colombia
Mumbai: Gemfields plc (AIM: GEM), the world’s largest producer of coloured gemstones, has entered into binding agreements to acquire controlling interests in two emerald projects with operations and prospects located predominantly in the Boyacá state in Colombia. Highlights Project 1: Coscuez Emerald Mine, Boyacá Department, Colombia Conditional acquisition of a 70% interest in a Colombian company which will, on completion,
