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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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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
‘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
Indian Exporters to Loose Incentives after GST
New Delhi: India’s Commerce secretary Ms. Rita Teaotia told the exporting community yesterday that exemptions and incentives, which were being given for promoting exports, would go away once the GST was in place. “Exemptions and incentives will go away once the Goods and Services Tax (GST) is implemented. GST and exemptions do not go hand-in-hand,” Teaotia said at a session
GJSCI Certifies 3rd Centre of Excellence in Kerala
Mumbai: Gems & Jewellery skill Council of India (GJSCI) takes another step towards accomplishing Prime Minister Mr. Narendra Modi’s vision of a skilled India by certifying their 3rd Centre of Excellence- KTB (IGJ,Inkel) in Mallapuram, Kerala in presence of Mr. Rajiv Pratap Rudy- Union Minister of State Skill Development and Entrepreneurship, Mr. Rohit Nandan -Principal Secretary, Ministry of Skill Development
CIBJO Backs ‘Synthetic’ Terminology for Lab Growns
Vicenza: Meeting in Vicenza, Italy, on September 7, 2026, after the conclusion of the Centenary CIBJO Congress, the organization’s Board of Directors approved a recommendation by its Diamond Commission and Coloured Stone Commission that the Blue Books be revised so that the word “synthetic” be the sole descriptor used to accurately and scientifically define a created product with the same chemical
IGM Appoints Nirakar Chand as MD of BullionX
Mumbai: India Gold Metaverse (IGM) today announced the appointment of former CEO of Diamond India Ltd., Mr. Nirakar Chand, as the Managing Director of its bullion market vertical, BullionX™, which is a technology-enabled ecosystem for modern bullion markets. Earlier in his career, Mr. Chand had spent 22 years at State Bank of India (SBI) — 6 years in Bullion and
CIBJO Unveils Artworks of Reena Ahluwalia Celebrating Centenary Year
Vicenza: As a highlight of the opening day of the 2026 CIBJO Congress, that began on the 4th September, 2026 in Vicenza (Italy), two dedicated creations by the noted Canadian visual artist Reena Ahluwalia, celebrating the Centenary Year of the World Jewellery Confederation (WDC) were unveiled. Both creations were donated to the collection of the Museo del Gioiello –the jewellery
Senco Gold with Olocker Provide Jewellery Insurance
Mumbai: Senco Gold & Diamonds has partnered with Olocker, India’s first dedicated jewellery insurance platform, to offer free jewellery insurance to its customers, protecting purchases against risks such as snatching, robbery, and housebreaking. On the surface, it’s a simple value-add: buy jewellery from Senco, get it insured, at no extra cost. But the thinking behind it is more personal —
