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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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BrilliANT to Restore WFDB InterBourse Concept
Antwerp: Ten years after it debuted at the Iberjoya Jewellery Fair in Madrid, there will be a World Federation of Diamond Bourses (WFDB) ‘InterBourse’ pavilion at the eighth edition of BrilliANT, the Antwerp Diamond Trade Fair (ADTF). The WFDB Interbourse pavilion, which will accommodate members of visiting bourses in a ‘trading hall’ type set up, will be able to host
Gemfields is Sponsors of 2016 Gem-A Conference
London: Gem-A (The Gemmological Association of Great Britain) has announced that leading supplier of responsibly sourced coloured gemstones, Gemfields, has signed up as Silver Sponsor of the Gem-A Conference and as exclusive Ruby Sponsor of Gem-A’s annual Graduation Ceremony and Presentation of Awards — a prestigious new sponsorship package created exclusively for the London-based company. Gemfields, who also own Fabergé,
Rio Tinto, Chow Tai Fook Partner JNA Awards 2017
Hong Kong: Rio Tinto Diamonds and Chow Tai Fook Jewellery Group continue to lead the JNA Awards for the sixth consecutive year as Headline Partners of the highly anticipated event in the jewellery and gemstone industry. The partner renewal signing ceremony took place during the Awards gala dinner on 14 September and was attended by more than 500 industry luminaries
Indian Gold Coin Now Available at Seven Banks
Mumbai: In the run-up to Diwali, HDFC Bank, ICICI Bank and Andhra Bank has partnered with MMTC and joined the existing league of banks retailing the Indian Gold Coin across the country. The Indian Gold Coin is available in denominations of 5 and 10 gm coin and 20 gm bar. The coins are currently available at MMTC outlets across India,
De Beers and Botswana Extend Partnership with Letsile Tebogo
London: De Beers Group and the Government of the Republic of Botswana today announced the extension of De Beers’ partnership with Olympic champion and Botswana sporting icon Letsile Tebogo. Originally launched in January 2025, when Tebogo was appointed a De Beers Global Ambassador, the partnership has now been expanded into a three-year programme of work between De Beers and the
Divine Solitaires, SGL Launch ‘Know Your Diamond’ Zone
Mumbai: The initiative equips Divine Solitaires’ reputed partner jewellers with advanced screening technology that can help verify key characteristics of diamonds,including whether a diamond is natural or laboratory-grown, checking laser inscriptions andverifying Hearts & Arrows (H&A). The screening machines will be provided as inventory to premium Divine Solitaires partner jewellers, enabling consumers to access the technology free of charge at
Sky Gold & Diamonds Acquires Purvi Gems
Mumbai: Sky Gold & Diamonds Ltd., (Sky Gold) one of India’s leading jewellery manufacturers and exporters, has successfully completed the acquisition of 100% equity shares of Purvi Gems & Jewellery (India) Private Limited, a company engaged in the manufacturing of uncut and precia jewellery and related products. Following the completion of the acquisition on October 7, 2026, Sky Gold is
‘UNNATI’ to Power Women in G&J Industry
Surat: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of India’s gem and jewellery industry, yesterday launched ‘UNNATI – Powering Women in Gems & Jewellery’, a national mission to drive women in the sector learn, lead and grow as skilled professionals, entrepreneurs and future leaders. Beginning with its Gujarat chapter at Sardar Patel Smruti Bhavan, Surat, UNNATI
