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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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IIJS Bharat Tritiya 2026 Ends with Great Success
Bengaluru: The 4th edition of IIJS Bharat Tritiya 2026, organized by India’s Gem & Jewellery Export Promotion Council (GJEPC), concluded on a triumphant note at the Bengaluru International Exhibition Centre (BIEC), solidifying its position as India’s third-largest B2B jewellery exhibition. The show witnessed a massive scale-up, hosting over 1,100 exhibitors and 1,900 stalls, while attracting 15,000 trade buyers from 500
GJEPC Team Meets Nirmala Sitharaman
New Delhi: A GJEPC delegation met Union Finance Minister Mrs. Nirmala Sitharaman in New Delhi on 27th March 2026 to discuss matters concerning the industry. The Council delegation, led by Mr. Kirit Bhansali, Chairman, GJEPC, also included Mr. Shaunak Parikh, Vice Chairman, GJEPC; Mr. Sabyasachi Ray, Executive Director, GJEPC and Mr. K.K. Duggal, Director – Policy, GJEPC. A key focus
Gemfields Releases 2025 Audited Report
London: Gemfields Group Limited (GGL) recently announced its audited Annual Report for the year ending December 31, 2025, reporting total revenue of $ 135.1 million, down from $ 199.4 million in 2024. The fall in revenue was credited to disruptions in the emerald market during the first half of the year and reduced recovery of premium-grade rubies at Montepuez Ruby
41st World Diamond Congress Announces Programme
Singapore: The Organising Committee of the 41st World Diamond Congress, to be held July 12-15, 2026, in Singapore, announced its Congress programme. The Congress will include five discussion forums or panels. They are: The World Diamond Congress is the diamond industry’s foremost global gathering, held biennially by the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association
IIJS Signature 2022 is Postponed
Mumbai: Owing to the prevailing pandemic scenario in India, the IIJS Signature show scheduled from January 6- 9, 2022 at the Jio World Convention Centre, Mumbai has been postponed. A communique issued by India’s Gem & Jewellery Export Promotion Council (GJEPC) says that the Council has in place all requisite permissions to organise the show following Covid appropriate guidelines, Based
Some Exemptions from Mandatory Hallmarking
Mumbai: In a major relief to the industry, the Govt. through the notification dated 24th December 2021, has issued guidelines on exemptions given in Hallmarking of Gold Jewellery and Gold Artefacts including on any article meant for international exhibitions; any article meant for domestic business-to-business exhibitions, approved by the Government; and special categories of jewellery, namely Kundan, Polki and Jadaau. This announcement has
Jewelers of America Postpones Gem Awards
New York: The Jewelers of America (JA) trade group has pushed off its 2022 GEM Awards gala due to the rapid spread of the Covid-19 Omicron variant across the US. The event, which was due to take place on January 14 in New York, is now scheduled for March 18 at the same location, the JA said Wednesday. “With Omicron moving
10th Sales Cycle of De Beers Generates $332 Mln.
Gaborone: De Beers reported sales of $332 million for the 10th and final sales cycle of 2021 compared with sales of $438 million for the preceding 9th cycle and $452 million in the 10th cycle of 2020. Mr. Bruce Cleaver, CEO of the De Beers Group, said, “Rough diamond demand and midstream sentiment continued to be positive in the final
