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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 $2 million and barring the
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Anera Silver Opens its First Store in Bengaluru
Bengaluru: Anera Silver by Kushals announced the opening of its first store in Bengaluru’s HSR Layout on 26thSeptember, marking the beginning of an ambitious retail journey for the newly launched jewellery brand. Founded by Kalpesh Gulechha, Anera Silver has been createdwith a clear point of view to build a jewellery destination where design, craftsmanship, collections and the overall experience take
Natural Diamond Council Becomes ‘The Diamond Collective’
Mumbai: The Natural Diamond Council (NDC) now becomes ‘The Diamond Collective’ unveiling a new global strategy to reconnect natural diamonds with culture, strengthen consumer confidence and drive long-term relevancy. Shaped by new CEO Amber Pepper following six months of consultation with producers, retailers, brands, creatives and consumers, the strategy responds to a fundamental shift in how people discover, value and
GJEPC Reviews FY2025-26 Performance & Priorities
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) held its 60th Annual General Meeting (AGM) on 23rd September, 2026, at the Bharat Diamond Bourse, Mumbai, in hybrid mode. The meeting was presided over by Mr. Kirit Bhansali, Chairman, GJEPC, in the presence of Mr. Shaunak Parikh, Vice Chairman; Mr. Anil Virani, Convener, Audit & Finance; Mr. Sabyasachi Ray, Executive
India’s Studded Gold Jewellery Export Rises 51.22%
Mumbai: India’s gem and jewellery exports continued their positive momentum in August 2026, with gross exports increasing 3.14% in US dollar terms and 12.52% in rupee terms year-on-year to US$ 2.30 billion (Rs. 21,945.87 crore), compared to US$ 2.23 billion (Rs. 19,503.52 crore) in August 2025, according to figures declared by Gem & Jewellery Export Promotion Council (GJEPC). A notable
Networking Dinner at IIJS Premiere
Bengaluru: The India International Jewellery Show (IIJS Premiere) 2021 recently concluded with a great success note. The show which is a primary platform for Indian jewellery manufacturers, hosted the industry’s biggest gathering of domestic and overseas buyers and retailers, enabling them with key insights into changing demand trends along with versatile jewellery crafted with highest standards of design and finish. The
Piyush Goyal Exhorts Industry to be more Atmanirbhar
Bangalore: India’s Gem & Jewellery Export Promotion Council (GJEPC) organised an interactive session during IIJS Premiere 2021, one of Asia’s leading Gem & Jewellery trade exhibitions, in Bangalore. The conference was graced by the presence of Mr. Piyush Goyal, Hon’ble Minister for Commerce & Industry, Textile, Consumer Affairs, Food and Public Distribution, Govt of India along with Mr. Colin Shah,
Karnataka Welcomes IIJS Premiere with Open Arms
Bengaluru: The Gem & Jewellery Export Promotion Council (GJEPC) kick-started the IIJS Premiere 2021, one of Asia’s leading Gem & Jewellery trade exhibitions, in Bangalore on 15th September. The inauguration ceremony was attended by Mrs. Anupriya Patel, Hon’ble Minister of State for Commerce & Industry, Ministry of Commerce & Industry (through video conference); Mr. Murugesh Nirani, Hon’ble Minister of Large
CIBJO Releases Responsible Sourcing Special Report
Milan: With fewer than seven weeks to go to the opening of the 2021 CIBJO Congress on November 1, 2021, the second of this year’s CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Responsible Sourcing Commission, headed by Philip Olden, the report recounts how efforts to enhance supply chain integrity during the COVID pandemic continued uninterrupted, and
