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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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12th IRGSS Inaugurated in Jaipur
Jaipur: The 12th Edition of the India Rough Gemstones Sourcing Show (IRGSS) 2025 was inaugurated on 17th November 2025 by Mr. R. K. Chandan, Commissioner of Customs, Jaipur. He was joined by Shri Jitendra Meena, Deputy Commissioner of Customs, ACC Jaipur. Mr. Chandan was welcomed and felicitated by Mr. Yogendra Garg, Regional Chairman, GJEPC, and Mr. D. P. Khandelwal, Convener of
World Diamond Congress in Singapore from July 12
Singapore: The next World Diamond Congress, a joint assembly of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), will be held July 12-15, 2026, at the Sands Expo & Convention Centre. “We are excited to hold this pivotal industry gathering once again in Singapore,” Fabio Cascapera, President of the Diamond Exchange of Singapore (DES),
IIGJ Lab Simplifies Ruby Treatment Description
New Delhi: IIGJ Lab is committed to serve the Gem & Jewellery Industry by providing independent quality assessment of Gemstones & Jewellery. IIGJ’s Ruby Identification service is well known and is availed by gemstone manufacturers, traders, and retailers. Effective 6th November 2025, IIGJ Lab (A Project by GJEPC India) sponsored by Ministry of Commerce and Industry, Govt. of India has
GJEPC Headed G&J Sector During President’s Botswana Visit
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) headed the gem and jewellery (G&J) sector’s presence during President Smt. Droupadi Murmu’s state visit to Botswana from 11 to 14 November. As part of Indian delegation, led by South Gujarat Chamber of Commerce & Industry (SGCCI), Mr. Jayanti Savaliya, Regional Chairman – Gujarat, GJEPC, was heading a team representing the
IDE to Host International Diamond Week in March 2023
Ramat Gan: The Israel Diamond Exchange will host a week-long series of professional diamond-related events from March 27-30, 2023 in Tel Aviv and Ramat Gan, Israel. The events will include the Israel Diamond Conference on March 27, 2023, which will feature talks and panels by major personalities in the diamond world, including key diamond producers, government officials, bankers, analysts, influencers,
GJEPC & WGC Organised Member Connect Program
Ahmedabad: India’s Gem & Jewellery Export Promotion Council (GJEPC) in association with World Gold Council (WGC) organised A Member Connect Program ‘Membership Outreach & Industry Way Forward’ on 7th June 2022 at Ahmedabad. The program was supported by Jewellers Association Ahmedabad (JAA). The evening commenced with the welcome address by Mr. Mansukh Kothari, Convener, Events, GJEPC to an audience of
Edward Asscher Joins RJC Board
New York: The Responsible Jewellery Council (RJC) has elected World Diamond Council (WDC) president Edward Asscher as one of the new representatives to its board. Asscher will represent the trade association forum on the RJC’s board of directors, the industry standards organization said last week. His appointment was announced along with several others at the RJC’s annual general meeting (AGM)
Natural Diamond Council Forays into UAE
Mumbai: Natural Diamond Council (NDC), a not-for-profit organization dedicated towards increasing transparency and upholding the integrity of the modern natural diamond industry, announced a collaboration with Malabar Gold & Diamonds, Jawhara Jewellery and La Marquise Jewellery – three of the leading jewelers in the United Arab Emirates, to advocate the “Natural Diamond Dream”. Enhancing trust in the natural diamond industry,
