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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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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GJF Meets Maharashtra Finance Minister on GST

Mumbai: The apex body for domestic gems and jewellery industry All India Gems and Jewellery Trade Federation (GJF) Director Mr. Ashok Minawala and delegates from Maharashtra, met Maharashtra Finance Minister Mr. Sudhir Mungantiwar at Nagpur and submitted their representation on GST. GJF has proposed GST rate of 1.25% for the gems & jewellery sector. GJF sought minimal GST rates even

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Japan Auction House Launches Branch at IDE

Ramat Gan: Israel Diamond Exchange (IDE) President Yoram Dvash met yesterday with Anup Agarwal, President of Japan Auction House (JAH) to mark the opening of a branch of the company in the Israeli bourse. JAH, part of Indian-based Rich Diamonds, buys pre-owned polished diamonds in Japan from the local market for sale in auctions, currently in Japan and Hong Kong.

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De Beers Sight Dates for 2017

Gaborone: De Beers released its sales timetable for 2017, maintaining its schedule of 10 sights a year. The company sells approximately 90 percent of its rough supply through its global sightholder sales division and the remainder through its auction platform. With two more sights left this year, the November sale begins this week in Gaborone. The dates for 2017 are

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Argyle Pink Diamonds Tender Gets Record Result

Perth: Rio Tinto’s spectacular 2016 Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine has delivered a record result, reflecting strong global demand for these increasingly rare diamonds. Known as The Chroma Collection, the 2016 Argyle Pink Diamonds Tender comprised the highest quality, size and colour composition in the Tender’s 32-year history and

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‘Jewellers for Hope’ 2026 Raises Funds to Support Education

Mumbai: The Indian gem and jewellery industry came together in Mumbai on 6th August for the 11th edition of Jewellers for Hope, the flagship CSR initiative of the Gem & Jewellery Export Promotion Council (GJEPC), presented in association with De Beers Group and the World Gold Council (WGC), powered by GIA, with HRD Antwerp as Co-Partner. Mr. Rahul Narwekar, Hon’ble

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Divine Solitaires Honoured Partner Jewelers at IIJS Premiere

Mumbai: Celebrating excellence, enduring partnerships and five years of shared growth, Divine Solitaires hosted its Annual Rewards & Recognition ceremony at Innov8 Launchpad, IIJS Premiere 2026, NESCO, Mumbai, honouring its highest-performing partner jewellers from across the country. The event also witnessed the first weekly lucky draw of The Solitaire Festival of India (TSFI) 2026, making it one of the key highlights of this year’s exhibition.

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Sky Gold and Diamonds Begins FY27 On a Strong Note

Mumbai: Sky Gold and Diamonds Limited (BSE: 541967 | NSE: SKYGOLD), a listed B2B gold jewellery manufacturer, today announced its consolidated financial results for the quarter ended June 30, 2026. The Company commenced FY27 with healthy growth in revenue and profitability, supported by sustained demand from organised jewellery retailers, continued traction in lightweight and value-added jewellery, and consistent execution across

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GJEPC Confers ’20 Under 40′ Awards

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) honoured 20 emerging industry leaders at the 20 Under 40 Awards, held at BEC during IIJS Bharat Premiere 2026 on 8th August. The awards recognised young entrepreneurs and professionals across manufacturing, retail, diamonds, jewellery, laboratories and allied businesses for their contribution to the industry. The GJEPC leadership present included Mr. Kirit

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