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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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Reena Ahluwalia Collaborates with Aaron Shum
Hong Kong: Canadian jewellery designer and painter Ms. Reena Ahluwalia has collaborated with Hong Kong-based Aaron Shum Jewelry, which headlines its brand with its patented Coronet diamond-set jewellery, to unveil a painting of a Coronet piece on September 15 at the Hong Kong Jewellery show. Aaron Shum is delighted to collaborate with acclaimed jewelry designer and diamond painter Reena Ahluwalia
Somnath Trust to Deposit 6 Kg. Gold under GMS
New Delhi: The Somnath Trust, which met here on Saturday, decided to deposit about 6 kg. gold under the government’s Gold Monetization Scheme (GMS), reports Financial Express. “Glad that Somnath Trust decided to deposit about 6 kg gold under Gold Monetization Scheme of Government of India,” Prime Minister Narendra Modi, who attended the meeting, tweeted. The Board of Trustees met
Platinum Deficit to Widen This Year
Johannesburg: Declining investment by platinum producers in South Africa, the world’s largest supplier, has begun to weigh on supply of the metal used for investment as well as jewellery and autocatalytic converters, new data shows. The World Platinum Investment Council (WPIC) recently released data that showed show a market deficit of 520 000 ounces for 2016, from 455 000 ounces
Lucapa Finds 38.6-Carat Pink Diamond from Lulo
Luanda: Australian explorer, the Lucapa Diamond Company, has discovered another multi-million dollar, pink diamond at its Lulo project in Angola. The 38.6-carat stone is the largest colored diamond recovered to date from Lulo, handily beating the 28.5-carat light pink diamond the company sold earlier this week. That stone was sold in a parcel of other diamonds for a total of
Anera Silver Opens its First Store in Bengaluru
Bengaluru: Anera Silver by Kushals announced the opening of its first store in Bengaluru’s HSR Layout on 26thSeptember, marking the beginning of an ambitious retail journey for the newly launched jewellery brand. Founded by Kalpesh Gulechha, Anera Silver has been createdwith a clear point of view to build a jewellery destination where design, craftsmanship, collections and the overall experience take
Natural Diamond Council Becomes ‘The Diamond Collective’
Mumbai: The Natural Diamond Council (NDC) now becomes ‘The Diamond Collective’ unveiling a new global strategy to reconnect natural diamonds with culture, strengthen consumer confidence and drive long-term relevancy. Shaped by new CEO Amber Pepper following six months of consultation with producers, retailers, brands, creatives and consumers, the strategy responds to a fundamental shift in how people discover, value and
GJEPC Reviews FY2025-26 Performance & Priorities
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) held its 60th Annual General Meeting (AGM) on 23rd September, 2026, at the Bharat Diamond Bourse, Mumbai, in hybrid mode. The meeting was presided over by Mr. Kirit Bhansali, Chairman, GJEPC, in the presence of Mr. Shaunak Parikh, Vice Chairman; Mr. Anil Virani, Convener, Audit & Finance; Mr. Sabyasachi Ray, Executive
India’s Studded Gold Jewellery Export Rises 51.22%
Mumbai: India’s gem and jewellery exports continued their positive momentum in August 2026, with gross exports increasing 3.14% in US dollar terms and 12.52% in rupee terms year-on-year to US$ 2.30 billion (Rs. 21,945.87 crore), compared to US$ 2.23 billion (Rs. 19,503.52 crore) in August 2025, according to figures declared by Gem & Jewellery Export Promotion Council (GJEPC). A notable
