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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
Top News
Tracr Appoints Jillian Wolk as CEO
New York: Tracr has announced the appointment of Jillian Wolk as Chief Executive Officer, effective 1 May 2026. Ms. Jillian joins Tracr following senior leadership roles across the jewellery, luxury and technology sectors. Most recently, she served as Vice President, Growth & Strategic Initiatives at GIA, where she developed new services and drove diversified revenue, strengthened commercial strategy, and supported
IIGJ Presents Glimpz’26 Annual Award Ceremony
Mumbai: The Indian Institute of Gems & Jewellery (IIGJ) presented Glimpz’26, its annual exhibition and awards ceremony showcasing the graduating batch of B.A. in Gems & Jewellery Design (2023–26).Held at the Bharat Ratnam – Mega CFC Auditorium, the event brought together industry leaders, mentors, and emerging design talent on a common platform—celebrating creativity, craftsmanship, and the future of Indian jewellery.
End of Diamond Production at Diavik Mine
Toronto: Diamond production at the Diavik mine, in Canada’s Northwest Territories, came to an end last week after 23 years. It produced over 150 million carats during its lifetime, more than either of NWT’s other mines – Ekati (owned by Burgundy) and Gahcho Kue (joint venture, De Beers and Mountain Province ). The closure on Thursday, 26 March 2026, also
GJEPC to Organize ‘Design Inspirations’ on 9th April
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has organized ‘Design Inspirations’ event on 9th April, 2026 at Bharat Ratnam Mega CFC, Mumbai. The design seminar invites a galaxy of eminent speakers to share their insights on a wide range of topics. The workshop aims to provide the industry with relevant updates, enabling them to plan their designs and
Lucapa Finds 14 More “Special” Diamonds at Lulo
Luanda: Lucapa Diamond has recovered 14 more “special” diamonds, including a 74.5 carat stone, from ongoing mining and treatment at Block 8 on the Lulo diamond project in Angola. All diamonds were greater than 10.8 carats, while the 74.5 carat diamond was confirmed as Type IIa D-colour stone and the fourth biggest stone recovered to date at Lulo, the company
ALROSA Sales Slump in Q3, 9M
Moscow: According to their Q3 and 9M 2015 production and preliminary trading performance report, during the first nine months of the year, ALROSA’s production rose 16% to 29.6 million carats, while the company sold only 23 million carats for $2.7 billion across those 9 months. This represents a billion dollar decrease in comparison to the first 9 months of 2014
IIDGR Melee Testing Service in Surat from 26th Oct
Gaborone: The De Beers Group of Companies today announced that the low cost, high volume melee testing service at its International Institute of Diamond Grading & Research (IIDGR) will begin in Surat, India, on 26 October 2015, with an equivalent service to launch in Antwerp, Belgium, on 12 November 2015. The service will provide diamantaires with the opportunity to use
DS to Set Synthetic Screening Service in Shanghai
Hong Kong: Diamond Services has announced that it will begin offering synthetic diamond screening services directly to the Chinese diamond trade through the facilities in Shanghai of NGGC, the state-owned gem laboratory that is one of the largest grading institutes in China. The synthetic diamond screening service will begin on November 2. Diamond Services, which was established in 2012 in
