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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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Open House Session with Mumbai Customs Dept.
Mumbai: The Customs Zone–III successfully conducted an Open House Meeting on 4th December 2025, chaired by Mrs. Prachi Saroop, Principal Chief Commissioner of Customs, to deliberate on various operational and policy-related issues concerning customs functioning at PCCCC. The meeting saw active participation from trade members, industry representatives, exporters/importers, GJEPC and senior customs officials, fostering a transparent and collaborative environment. The
Kalyan Jewellers Enters United Kingdom
Thrissur: Kalyan Jewellers, one of India’s jewellery brands, has further strengthened its global presence with the launch of its new showroom on Belgrave Road widely known as Leicester’s Golden Mile, the UK’s most prominent jewellery and South Asian retail hub. This milestone entry into the United Kingdom marks a strategic leap in the brand’s international expansion journey, following its sustained
QWEEN to Launch as India’s First Self-Discovery Experiential Jewellery Brand
Bangalore: QWEEN, India’s First Self-Discovery experiential jewellery brand, was originally launched as a bootstrapped venture by Amit Kumar and Suyash Motarwar, born from a shared vision to reimagine how modern Indian women discover and experience fine jewellery. The founders later secured seed funding from Japanese luxury jeweller Kashikey Co. Ltd., enabling early product development and the foundational phase of brand
Wesley Tucker to step down as CEO of Tracr
De Beers Group has announced that Wesley Tucker will step down from his role as Chief Executive Officer of Tracr and leave the business at the end of February 2026. Wesley joined De Beers Group in April 2021 as Head of Digital Transformation before taking on the role of CEO of Tracr, the blockchain technology platform and diamond traceability business
JGT Dubai Gets Started
Dubai: Her Excellency Mona Ghanem Al Marri, Director General of the Government of Dubai Media Office, yesterday officially opened Jewellery, Gem & Technology Dubai (JGT Dubai) at the Dubai World Trade Centre (DWTC), kicking off 2022’s sourcing calendar for professional buyers eager for the full in-person experience and a return to business following a two-year hiatus. Running through Thursday, the
Anglo Platinum Recorded 161% Increase in EBITDA
Toronto: Anglo Platinum recorded a 161% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to R108.4 billion in 2021 compared with R41.6 billion, a year earlier despite increases in costs and higher wages. It said this, in turn, led to an increase in headline earnings to R79 billion. Anglo Platinum’s return on capital employed also increased to 183%
FTA with UAE Paves Way for Duty-free Jewellery Exports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gem and jewellery trade in India, applauded the historical FTA between India-UAE. GJEPC was one of the stakeholders who was closely associated with the Govt., suggesting its recommendations and suggestions for the Indian gem & jewellery industry. UAE accounts for 80% of India’s plain gold jewellery exports
14th IIJS Signature Inaugurated in Mumbai
Mumbai: Chief Guest Hon’ble Commerce and Industry Minister Mr. Piyush Goyal through a video conference inaugurated the 14th edition of IIJS Signature 2022 today along with Mr. Parshottam Rupala, Hon’ble Union Minister of Fisheries, Animal Husbandry & Dairying Govt. of India; Mrs. Darshana Jardosh, Hon’ble Minister of State for Railways & Textiles; Mr. Gopal Shetty, Member of Parliament; Mr. Vipul Bansal, Joint Secretary , Department of Commerce, Govt. of India; Mr. Colin
