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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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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IAGES Brings Together Accredited Gold Ind. Stakeholders at Trust Circle

New Delhi: The Indian Association for Gold Excellence and Standards (IAGES) hosted its Trust Circle 2026 event at The Oberoi, New Delhi, bringing Accredited Partners and stakeholders from across the gold value chain together for an evening centred on trust, transparency and responsible practices in the sector. The event drew representatives from diverse segments of the gold ecosystem, including refining,

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NGS, De Beers Renew Okavango Eternal Partnership

New York: The National Geographic Society (NGS) and De Beers Group have announced the renewal of the Okavango Eternal partnership for an additional five years, reaffirming their commitment to the long-term protection of the Okavango River Basin (“the Basin”) and to conservation-related livelihood opportunities for the people who live there and help steward it. One of Africa’s most vital wetland

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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

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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

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Labourers in India Unearth 2 Diamonds worth 90 Lakh

Bhopal: Two labourers became millionaires after they unearthed two diamonds weighing 7.44 and 14.98 carats at mines in Madhya Pradesh’s (India) Panna district, an official said on Tuesday. Dilip Mistry extracted the 7.44 carat stone from a mine in Jaruapur, while Lakhan Yadav mined a 14.98 carat one in Krishna Kalyanpur area, diamond inspector Anupam Singh said. The stones were

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"Get-Diamonds" 1st to Introduce Provenance Section

Antwerp: Get-Diamonds, the world’s largest online marketplace for B2B diamond trading, will be the first platform to introduce a Provenance section, where only fully traceable diamonds will be listed. The ALROSA Provenance program will be the first to offer polished diamonds with proven guarantees of origin within this section. The ALROSA program provides buyers with access to a fully traceable,

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Yoram Dvash Elected Chairman of IDI

Ramat Gan: Mr. Yoram Dvash, the outgoing President of the Israel Diamond Exchange (IDE), was elected yesterday as Chairman of the Israel Diamond Institute (IDI) by the IDI Board of Directors for a three year term. Dvash replaces Boaz Moldawsky, who resigned the position last week. Mr. Dvash said that when he announced that he was stepping down as IDE

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Argyle Diamond Mine Delivers its Final Production

Perth: After 37 years of operations and having exhausted its economic reserves, the iconic Argyle mine in the remote east Kimberley region of Western Australia has celebrated its final day of mining. Arnaud Soirat, Rio Tinto’s chief executive of Copper & Diamonds said, “Fifty years ago there were very few people who believed there were diamonds in Australia – even

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