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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
Top News
German Jeweller Awarded AAD by WDM
Hong Kong: Designer Diamonds, a family-owned engagement and wedding ring retailer headquartered in Munich, Germany, and the World Diamond Mark Foundation (WDM), a non-for-profit organization established in 2012 by the World Federation of Diamond Bourses (WFDB), have signed an accreditation agreement that secures the status of Designer Diamonds not only as the first WDM retailer in Germany, but also as
IIJW 2016 from 27th to 29th September
Mumbai: The 2016 edition of the India International Jewellery Week (IIJW) will be held at the NSCI Dome in Mumbai from September 27-29, 2016, according to India’s Gem & Jewellery Export Promotion Council (GJEPC). Official website of the event states that he annual extravaganza is an initiative to showcase India’s finest in jewellery both in terms of design & innovation
Fiera di Vicenza-CIBJO Seminar at VICENZAORO Sep
Vicenza: Today ranging in age between 20 and 39, the Millennials represent the largest and potentially most lucrative consumer generation since the fabled Baby Boomers of the late 20th Century. The degree to it will consider fine jewellery as a preferred purchase will largely determine the jewellery industry’s growth and prosperity over the coming years, but this is not guaranteed.
CIBJO Releases Ethics Special Report
Milan: With eight weeks to go to the opening of the 2016 CIBJO Congress in Yerevan, Armenia, on October 26, 2016, the second of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Ethics Commission, headed by Cecilia Gardner, the report reviews the World Jewellery Confederation’s efforts over the past year to promote Corporate Social Responsibility and
Ekati Diamond Mine to Close Following Unsuccessful Sale Process
Toronto: Canada’s Ekati diamond mine is set to cease operations after owner Burgundy Diamond Mines failed to secure a buyer for the asset during a court-supervised sale process. According to documents filed with the Supreme Court of British Columbia, the sale process did not attract any compliant bids, leaving the company without the funding needed to continue operations. Burgundy has
IIJS Bharat Premiere Receives Message from PM
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is organizing the 42nd edition of IIJS Bharat – Premiere from 5th to 9th August 2026 at Jio Convention Centre, BKC and from 6th to 10th August at the NESCO, Goregaon, Mumbai. On this occasion, India’s Prime Minister Mr. Narendra Modi has sent a special message to the GJEPC wishing the
IIJ Awards on 2nd October in Mumbai
Mumbai: The India International Jewellery Awards (IIJA), an initiative by IBJA (India Bullion and Jewellers Association Ltd.) & Tefla’s is back—bringing together industry excellence, inspiring stories, and a distinguished celebrity jury. A $90B+ industry — and until now, no single honour platform that recognized all of it: from the master karigar at the workbench to the global icon whose work
GJC & SGL Sign MoU to Launch SGL Pavilion at GJS Diwali Edition 2026
Mumbai: The All India Gem & Jewellery Domestic Council (GJC) and SGL (Solitaire Gemmological Laboratories) have entered into a strategic Memorandum of Understanding (MoU) to launch the SGL Pavilion at the GJS Diwali Edition 2026, scheduled from 2nd to 4th October 2026 at the Jio World Convention Centre, Mumbai. The dedicated SGL Pavilion, comprising 40 booths, will bring together leading
