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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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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
Amit Shah Graces 52nd India Gems & Jewellery Awards
Industry’s premier awards bring together national and state leadership, recognising excellence and India’s growing global ambitions Mumbai: In a landmark gathering that brought together the country’s political leadership and the leadership of India’s gem and jewellery industry, the Gem & Jewellery Export Promotion Council (GJEPC) hosted the prestigious 52nd India Gems & Jewellery Awards (IGJA), with Shri Amit Shah, Hon’ble
Gemfields Generates $29.6m from Emerald Auction
London: Gemfields Group Limited announced that its latest commercial-quality emerald auction generated $29.6 million, with every lot sold and the average realized price rising sharply from its previous sale. The auction, held between 24 August and 10 September, achieved $9.72 per carat, compared with $7.46 at the November-December 2025 auction. Total proceeds were also up from $25.4 million despite the volume
Sotheby’s to Auction Lucara’s 1,109 Ct Diamond
London: Sotheby’s has announced that Lucara Diamond Corp has selected it to auction the 1,109-carat Lesedi La Rona diamond – the second-largest ever recovered, according to a report on cbc.ca. The auctioneer said that the sale, which is planned to take place on June 29 in London, could potentially realize as much as $70 million. “Not only is the rough
Blue Fancy Color Diamond Prices up 1.7% in Q1 '16
New York: The Fancy Color Diamond Index for the first quarter of 2016 showed fancy blue diamond prices rising by 1.7%. During the same period, fancy yellow diamonds saw price declines of 1.8%, while fancy pink diamonds saw a 0.3% price increase. Overall prices in the fancy color diamond category remained largely unchanged for the period. In comparison, according to
KSS Ltd. Enters in Jewellery Retail Business
Mumbai: KSS Limited, listed at BSE, NSE and Luxembourg Stock Exchange today announced its entry in the jewellery retail business with the launch of ‘Bjewelz’ under its wholly owned subsidiary Birla Jewels Ltd. With the first outlet slated to open in Patna, the company is bullish on its expansion plan of launching 500 outlets across the length and breadth of
De Beers’ Investment in Social Projects Up 13%
Gaborone: Investment by The De Beers Group of Companies in skills training for the local workforce and social projects increased 13 per cent to US$52.5 million in 2015, according to the company’s Report to Society, published yesterday. De Beers also improved its environmental performance, with reductions in energy consumption and carbon emissions. De Beers invested US$24.3 million in development training
