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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India’s Economy to Expand at 7.6% in '16-'17: RBI

Mumbai: The Reserve Bank of India has reiterated that the economy is likely to expand at 7.6 per cent in 2016-17, with a better than anticipated agricultural performance and the possibility of release of payments under the 7th Pay Commission’s in the fourth quarter of 2016-17. Releasing its Annual Report 2015-16, prepared under the leadership of its outgoing Governor Raghuram

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ALROSA’s Revenue & Profit Soared in H1

Moscow: ALROSA’s revenue and profit soared in the first half, boosted by stronger global rough demand and an 11 percent weakening of the Russian ruble. Sales in the six months to June 30 leapt 42 percent to $2.87 billion (RUB 186.67 billion), the miner reported. Diamond sales grew 45 percent to $2.7 billion, with the remainder of revenue coming from

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8th Edition of GGJS from 6th Jan. 2017

Ahmedabad: The 8th edition of the Gujarat Gold Jewellery Show (GGJS) is schedule on 6-7-8 January 2017 at the Gujarat University Convention Centre, Ahmedabad, Gujarat India. Since its debut in 2010, the GGJS Show has grown to become a much –awaited jewellery exhibition in India. It established its place as an ideal platform for jewellery to tap into India’s jewellery

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‘World’s Biggest Pearl’ Found in Philippines

Manila: A Filipino fisherman in western Palawan island has found possibly the world’s biggest pearl, but he didn’t know it. For 10 years, the 34-kilogram (75-pound) pearl was hidden in a bag under a bed. The fisherman’s family would rub it with their hands before going out to sea in the belief it would bring them luck, said relative Aileen

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Grow Your Business, Attend ‘Innov8’ at IIJS Bharat Premiere

NATURAL DIAMONDS: DESIRE, CONFIDENCE, COLLABORATION & LEADERSHIP: Mumbai: The Count down for IIJS Bharat Premiere 2026, being organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) has begun. At IIJS Bharat Premiere 2026, GJEPC × GIA presents Innov8 Talks, powered by IGM (India Gold Metaverse), bringing together global leaders from the natural diamond industry to explore the future of

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India’s CG, Dubai, V V Reddy, Interacts with BDB Committee

Mumbai: India’s Consul General (CG) to Dubai, Mr. Vishnu Vardhan Reddy, visited the Bharat Diamond Boure (BDB) complex on July 24. He engaged with members of the BDB Committee. The visit enabled the CG to gather better insights into the functioning of the diamond trade, the operations within the Bourse. He also observed the smooth functioning of import-export trade in

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Dhoni Joins Malabar Gold as Brand Ambassador

Mumbai: Malabar Gold & Diamonds, a responsible jeweller, recently announced MS Dhoni as its Brand Ambassador, marking the beginning of a long-term association centred around The Responsible Jeweller, the brand’s philosophy of taking responsibility beyond jewellery. At a time when consumers are placing greater emphasis on transparency, authenticity and trust, Malabar Gold & Diamonds is reinforcing its commitment to responsibility across every

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IIJS Bharat Premiere Receives Special Messages from India’s FM, Gujarat CM

Mumbai: IIJS Bharat – Premiere 2026 has received special messages from India’s Finance Minister and Minister of Corporate Affairs, Mrs. Nirmala Sitharaman and also from Gujarat Chief Minister Mr. Bhupendra Patel, recognizing India’s growing leadership in the global gem & jewellery industry. IIJS Bharat Premiere has grown into one of the world’s leading business platforms for the gem and jewellery

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