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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Winners of the Mega Lucky Draw Announced

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) announced the winners of Mega Lucky Draw on 23rd March, where registered paid visitors won a Mercedes-Benz, Thar, Maruti and many more exciting bumper prizes. The Mega Lucky Draw for paid visitors on the concluding day of the IIJS Bharat Tritiya Show, added a celebratory note to the show, with lucky winners

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Platinum Jewellery Shines at the 98th Academy Awards

Mumbai: The 98th Academy Awards showcased some of the most spectacular jewelry moments of awards season, with platinum serving as the setting of choice for many of the evening’s standout looks. Celebrated for its rarity, strength and naturally luminous white color, platinum provided the perfect foundation for extraordinary diamonds and rare gemstones worn by Hollywood’s leading talent. From dramatic diamond

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GJEPC Introduces  Special Recognition Award

Bengaluru: At IIJS Bharat Tritiya 2026, GJEPC introduced  special recognition award, Hidden Stars, for the very first time, dedicated to the teams who work behind the scenes and play a vital role in the success of every jewellery business. Often unseen yet highly influential, these professionals help shape important decisions, guide collections, and strengthen the very foundation of retail excellence. Their

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WGC to Develop Shared Infrastructure for Digital Gold

London: The World Gold Council (WGC) recently announced a pioneering initiative to build new market infrastructure designed to unlock the next era of digital gold’s development. WGC has co-authored a White paper titled Digital Gold: The Case for a Shared Infrastructure with Boston Consulting Group (BCG) which explores “Gold as a Service” – a new platform to support the issuance

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GJEPC and BDB Host Delegation from Botswana

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) and the Bharat Diamond Bourse (BDB) hosted a delegation from Botswana, led by its Vice President, HE Mokgweetsi Eric Keabetswe Masisi on October 26th 2015, at the Bourse Complex in Mumbai. At the meeting, attending by representatives of some of the largest member companies of the two organizations, Praveenshankar Pandya, Chairman

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IIMA’s IGPC to Present Whitepaper on GMS

Mumbai: Indian Institute of Management Ahmedabad’s (IIMA) India Gold Policy Centre (IGPC) conducted a workshop today, involving key stakeholders to seek their opinions on gold monetization in India. Their opinions will be presented as a whitepaper to the Government of India as an on-ground feedback on the two schemes on gold monetization approved by the Union Cabinet last month. It

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De Beers Allowing 100% Deferrals at Nov Sight

Gaborone: In what is a first for the firm, De Beers will allow its sightholders to turn down their entire November allocations until December in recognition of the intense pressure under which diamond manufacturers are working die to the soft condition of the market. “Further to discussions with several of you following recent cutting center visits, we are writing to

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WFDB Meeting to Discuss New Strategy

Antwerp: The World Federation of Diamond Bourses’ (WFDB) Executive Committee meeting, which will take place next week in Idar-Oberstein, Germany, will enable the organization to hold discussions on the global diamond industry and a new strategy going forward. The meeting, being hosted by Germany’s Diamond and Gemstones Exchange, will take place on November 1-2, and be attended by Executive Committee

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