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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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‘Quantum Couture’ is the Theme for Artisan Awards 2026
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has officially announced the theme for the prestigious Artisan Jewellery Design Awards 2026, “Quantum Couture – Re-Engineering Beauty and Cultural Codes.” Launched as a call to push boundaries, the 2026 edition invites designers to move beyond convention and create wearable art for a radically evolving world—where jewellery design, legacy and technology
GJEPC Proposes Pre-Budget Recommendations
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body representing India’s gem and jewellery sector, has proposed its pre-Budget recommendations to Hon’ble Finance Minister Smt. Nirmala Sitharaman, outlining key policy measures to boost India’s export competitiveness, enhance ease of doing business, and support the industry’s resilience amid global headwinds. India’s gem and jewellery exports, valued at USD
Platinum Jewellery Shines at Golden Glob Awards
Mumbai: Platinum jewelry played a defining role in many of the most memorable red-carpet looks at the 83rd Annual Golden Globe Awards. Chosen for its naturally white luster, exceptional strength, and ability to securely showcase diamonds and colored gemstones, platinum once again proved why it remains the foundation of fine jewelry at the world’s top awards shows. Celebrities and their
Forevermark Diamond Jewellery Opens Store in Mumbai
Mumbai: Forevermark Diamond Jewellery marked a defining milestone in its India journey with the grand opening of the world’s largest flagship store by De Beers Group in Mumbai. Located at Crest Link, Khar West, at the heart of Linking Road, the nearly 5,000 sq. ft. store reflects the brand’s long-term commitment to Indian consumers seeking meaningful, design-led luxury. The marquee
Ernie Blom Congratulates Shmuel Schnitzer
Antwerp: World Federation of Diamond Bourses (WFDB) President Ernie Blom has congratulated Honorary WFDB President Shmuel Schnitzer on his election this week as the new Chairman of the Israel Diamond Institute (IDI). Blom said it is critical during challenging times for the global industry that experienced and well-known industry figures continue to play a role in leading its major organizations.
Stephen Lussier Appointed Chairman of DPA
Johannesburg: Stephen Lussier, chief executive officer of De Beers Group’s Forevermark brand, has taken over as chairman of the Diamond Producers Association (DPA) from Jean-Marc Lieberherr, who until recently was the managing director of Rio Tinto’s diamond division. Lieberherr became the DPA’s first chairman in October 2015, shortly after the body was set up. He stepped down from the role
IDE to Hold Diamond Marketing Panel Discussion
Ramat Gan: The Israel Diamond Exchange (IDE) announced it has set the stage for an exclusive diamond marketing panel discussion that will be held during the upcoming winter edition of the International Diamond Week (IDW) in Israel. The panel, that will take place on Monday, February 15, at 16:00 pm, will bring together Jean Marc Lieberherr, Chairman of the Diamond
Vaishali Banerjee Writes Exclusively for G2J
Mumbai: Ms. Vaishali Banerjee, Country Manager, Platinum Guild India (PGI) has accepted our invite to pen an article for gems2jewellery.com about the performance and outlook of platinum in India. She says, “The market has grown 10 times in the last six years and platinum continues to remain an important part of the retailers and manufacturers business development strategy. Platinum Day
