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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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The Solitaire Festival of India’26 Concludes on High Note
Mumbai: Divine Solitaires has successfully concluded the 2026 edition of The Solitaire Festival of India (TSFI), its flagship annual consumer and retail engagement initiative, following a month-long celebration from 1st to 31st August2026. With participation from over 200 partner jewellery stores across 100+ cities in India, the festival brought together consumers and retail partners through a nationwide celebration of natural diamond
QDE Extends Bourse Network into Europe
Vicenza: The Qatar Diamond Exchange (QDE) has signed a Memorandum of Understanding (MoU) with Borsa Diamanti d’Italia (Diamond Bourse of Italy), establishing a strategic partnership between the two bourses. The agreement was signed during the CIBJO Centenary Congress, held in Vicenza, Italy, from 4 to 7 September 2026, by Ghanim Nasser Al-Saadi, Director of the Qatar Diamond Exchange, and Luigi
Platinum Jewelry Takes Center Stage at the Emmy Awards
Mumbai: The 78th Emmy Awards delivered a dazzling showcase of fine jewelry, with platinum featured in many of the evening’s most memorable red carpet looks. Prized for its rarity, enduring strength and naturally luminous white color, platinum provided the ultimate setting for extraordinary diamonds and rare gemstones worn by some of television’s biggest stars. From striking diamond earrings to contemporary
De Beers Group Science & Technology Showcases SynthDetect 2
London: De Beers Group’s Science & Technology division today revealed SynthDetect 2, the next generation desktop diamond screening instrument. The first SynthDetect instrument and its successor SynthDetect XL – released in 2017 and 2018 respectively – have been among the most successful instruments in De Beers Group’s suite of diamond verification instruments due to their outstanding technical screening functionality and
India’s Gold Demand Down by 35% in 2020
Mumbai: India’s gold demand for 2020 hit levels last seen in 1995 due to a devastating combination of Covid-related lockdowns and all-time high prices. The country’s gold demand last year was 446.4 tonnes compared to 690.4 tonnes in 2019, a year-on-year decline of 35%, the World Gold Council’s (WGC’s) latest Gold Demand Trends report states. Somasundaram PR, Managing Director of
PGI Showcases Platinum Bands for Valentines Day
Mumbai: Platinum Days of Love by Platinum Guild India (PGI) showcases exquisitely crafted Platinum Love Bands as a fitting tribute to growing #StrongerInLove this Valentine’s Day! To couples who have displayed values of strength, resilience, patience, and optimism through a tough whirlwind of a year. Each set of love bands pays an ode to the unique journey of the one who adorns it. While
Khimji Jewels Ventures into E-Commerce Market
Mumbai: Khimji Jewels has ventured into the online ecosystem with the launch of its new and intuitively responsive e-commerce platform – khimjijewels.com. A leading and highly trusted name in the gold jewellery and precious stone segment and with a legacy of over 84 years, the brand is now offering an online jewellery buying experience for buyers across India through the
JNA Awards Rebranded as Jewellery World Awards
Hong Kong: The JNA Awards will take on a new positioning starting 2021, as Jewellery World Awards (JWA) to reflect its global outlook and fulfil the need for a platform to celebrate the achievements and successes in the international jewellery and gemstone arena. After almost a decade of focusing on the accomplishments within the Asia region, the Awards continues to
