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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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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
Stephen Lussier to Quit from Posts of De Beers
Mumbai: De Beers Group has announced that Stephen Lussier, De Beers Group Executive Vice President for Brands & Consumer Markets, will step down from his executive responsibilities on 1 April 2022 after 37 years with the company. Stephen will continue to contribute to De Beers as a strategic advisor and will continue to serve in his role as Chairman of
India's G&J Exports Grew 29% in Dec 2021
Mumbai: Indian industry is back on a roll immediately after the October festive break. Gem and jewellery (G&J) exports in December 2021 reaffirm this with a growth of 29.49% to US$ 3040.92 million (+37.11% in rupee terms to Rs. 22914.630 crores) as compared to as compared to US$ 2348.44 million (Rs. 16712.46 crores) for the same period 2019 – the pre-pandemic
GJEPC Signs Land-Lease for India Jewellery Park
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC) and Maharashtra Industrial Development Corporation (MIDC) signed a draft agreement for granting possession of land for a period of 95 years for setting up India Jewellery Park Mumbai (IJPM). The agreement was signed in the presence of Dr. P. Anbalagan, IAS – CEO, MIDC; Shri Colin Shah, Chairman, GJEPC; Shri P. D.
GJPEC Proposes Series of Measures in New Budget
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC), the apex body for the promotion of gems and jewellery exports has proposed a series of measures under the Gems & Jewellery Package as part of recommendations for the upcoming Union Budget for the fiscal year 2022-23. Some of the major aspects of budget representation are duty cuts primarily for gold, cut
