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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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GJEPC Confers Hall of Fame Awards
Mumbai: The Hall of Fame is more than an awards presentation. It is the occasion reflecting the shared values and collective strength of the gem and jewellery community. GJEPC honoured their contributions that have left a lasting impact and continue to inspire the next generation. These are the leaders who have shaped the industry’s journey and its future. Dilip Kumar
IIJS Bharat Signature Pillars Honoured
Mumbai: Behind the scale and precision of IIJS Bharat Signature 2026 lies months of planning and on-ground execution by teams who rarely step into the spotlight. At the ceremonial opening at the Bombay Exhibition Centre, NESCO, GJEPC recognized these efforts through the felicitation of the IIJS BharatPillars, honouring individuals whose behind-the scenes work shapes the show year after year. Those
IIJS Bharat Signature Opens at BEC
Mumbai: The grand ceremonial opening of the Bombay Exhibition Centre (BEC) on 9th January marked a defining moment for IIJS Bharat Signature 2026, bringing together industry leadership, diplomacy and retail at onestage. The occasion reinforced why the first global gem & jewellery show of the year remains the trade’s early year barometer, not just for sentiment, but for direction. Speaking
IIJS Bharat Signature 2026 Inaugurated at JIO
Mumbai: As the first global jewellery show of the year, Signature once again became the place where expectations for the months ahead began to take shape. The Show was thrown open at the JIO World Centre, BKC, Mumbai on 8th January. In his opening remarks, Mr. Kirit Bhansali, Chairman, GJEPC positioned 2026 as a pivotal year for the sector, marked
GLT and Diamond Services Announce Joint Venture
Istanbul: The Gemological Laboratory of Turkey (GLT), Turkey’s leading provider of gemological services, and Diamond Services (DS), the Hong Kong-headquartered developer of technological systems and services for detecting laboratory grown, imitation and treated diamonds, have recently signed a joint venture agreement to provide comprehensive diamond identification, grading and certification services to the Turkish market. Within the framework of their agreement,
SSEF Conducts Analysis of Cobalt-Blue Spinel
Basel: For several months already a supply of blue cobalt-bearing spinel has been appearing in the gem trade, including some stones of remarkable size –up to 40 carats – and quality. According to information from reliable sources, the source of the new find is a deposit located about 20 kilometres south-east of Mahenge, Tanzania, which for more than 20 years
First CFC for Jewellery Inaugurated in Rajkot
Ahmedabad: Chief Minister of Gujarat Mr. Bhupendrabhai Patel, along with Mr. Dinesh Navadia, Regional Chairman, Gujarat, GJEPC inaugurated the first Common Facility Centre (CFC) for Jewellery in Rajkot on 13th May. The CFC is set up by the Gem & Jewellery Export Promotion Council (GJEPC) with the support of Ministry of Commerce and Industry. The objective of CFC is to
Diamond Prices Rising due to Sanctions against Alrosa
Mumbai: Diamond prices are on the rise as sanctions on one of the world’s two mining giants spread throughout the supply chain. In the past, the industry could turn to giant De Beers to get extra gems when supply was tight, but not this time. According to Bloomberg, citing sources, the price of a small rough diamond has jumped by
