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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
Chairman of Malabar Group Gets Business Bhushan Award
Mumbai: Mr. M.P. Ahammad, Chairman, Malabar Group, has been honoured with the prestigious Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards 2026, in recognition of his visionary leadership and pivotal role in transforming the global jewellery retail landscape and society at large. Held at the iconic Gateway of India, the awards ceremony brought together leading policymakers, industry
IIJS Icon Awards & Mega Lucky Draw on 21st March
Bengaluru: The 4th edition of IIJS Bharat – Tritiya and IGJME Bharat – Tritiya 2026 at the Bangalore International Exhibition Centre (BIEC), Bengaluru is set to begin from 21st – 23rd March 2026. This premier event is a unique convergence of the finest gems, jewelry, and machinery, bringing together industry leaders, innovative exhibitors, and global buyers under one roof. The
IDPL Unites Natural Diamond Community
Hong Kong: The third edition of the International Diamond Premier League (IDPL), a cricket tournamentcreated by and for the global natural diamond community, will take place in Hong Kong from 19–22 March 2026. Following earlier editions in Belgium and India, IDPL 3.0 will bring together leading diamantaires and industry partners from Belgium, India, and Hong Kong for four days of
De Beers Partners with Cricketer Abhishek Sharma
De Beers Group, the world’s leading diamond company has announced its association with Indian cricketer Abhishek Sharma to celebrate natural diamonds in India, bringing together two forces defined by character, authenticity and enduring excellence. Abhishek Sharma has emerged as one of the most exciting voices in Indian cricket, known for his fearless style of play and strong personal identity. His
IDE to Host International Diamond Week in March 2023
Ramat Gan: The Israel Diamond Exchange will host a week-long series of professional diamond-related events from March 27-30, 2023 in Tel Aviv and Ramat Gan, Israel. The events will include the Israel Diamond Conference on March 27, 2023, which will feature talks and panels by major personalities in the diamond world, including key diamond producers, government officials, bankers, analysts, influencers,
GJEPC & WGC Organised Member Connect Program
Ahmedabad: India’s Gem & Jewellery Export Promotion Council (GJEPC) in association with World Gold Council (WGC) organised A Member Connect Program ‘Membership Outreach & Industry Way Forward’ on 7th June 2022 at Ahmedabad. The program was supported by Jewellers Association Ahmedabad (JAA). The evening commenced with the welcome address by Mr. Mansukh Kothari, Convener, Events, GJEPC to an audience of
Edward Asscher Joins RJC Board
New York: The Responsible Jewellery Council (RJC) has elected World Diamond Council (WDC) president Edward Asscher as one of the new representatives to its board. Asscher will represent the trade association forum on the RJC’s board of directors, the industry standards organization said last week. His appointment was announced along with several others at the RJC’s annual general meeting (AGM)
Natural Diamond Council Forays into UAE
Mumbai: Natural Diamond Council (NDC), a not-for-profit organization dedicated towards increasing transparency and upholding the integrity of the modern natural diamond industry, announced a collaboration with Malabar Gold & Diamonds, Jawhara Jewellery and La Marquise Jewellery – three of the leading jewelers in the United Arab Emirates, to advocate the “Natural Diamond Dream”. Enhancing trust in the natural diamond industry,
