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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
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
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
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
Diamond is Forever: The Making of a Cultural Icon 1926–2026
Mumbai: De Beers Group, a global leader in the natural diamond industry with a legacy spanning over a century, is launching A Diamond Is Forever: The Making of a Cultural Icon 1926–2026, a visual retrospective celebrating its pioneering role in shaping the world of natural diamonds. The book traces how, beginning in the 1930s, the brand reimagined natural diamonds from discreet
GJSCI to Begin Worker Training in SEEPZ, Mumbai
Mumbai: Gem & Jewellery Skill Council of India (GJSCI) inaugurated the Jewellery Occupational Skilling Hub on 3rd May, 2022, for undertaking training in setting, filing and polishing, in SEEPZ, Mumbai. The training will be conducted in a batch of 25 persons for each process for a period of three months. An allowance of Rs. 5000 per month will be paid
Coin Collection Featuring Argyle Pink Diamonds
Perth: The Royal Canadian Mint has unveiled the Opulence Collection consisting of numismatic masterpieces featuring pink diamonds from the famed Argyle mine. This new collection, headlined by the one-of-a-kind Ultimate, a 1kg pure platinum pink diamond coin, was unveiled at the Ottawa Art Gallery. Marie Lemay, President and CEO of the Royal Canadian Mint, said, “The Royal Canadian Mint’s reputation
WDC Mourns the Demise of Sanjay Shah
New York: The World Diamond Council (WDC) mourns the untimely loss of Sanjay Shah, a serving member of its Board of Directors, who passed away in New York on April 29, 2022. Joining the WDC Board in November 2021, as the representative of India’s Gem & Jewellery Export Promotion Council (GJEPC), Mr. Shah was a long-time member of GJEPC’s Kimberley
GJEPC to Organise its 1st Ever IGJS in Jaipur
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is organising the first ever international physical show post pandemic – International Gem & Jewellery Show (IGJS), from 10th to 12th May 2022, in the pink city Jaipur, at the Jaipur Exhibition and Convention Centre (JECC). IGJS is a by-invitation show exclusively for the international buyers. Gemfields is the associate partner
