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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Rio Tinto Closes Bunder Project in MP, India

Mumbai: Asked to explore the possibility of underground mining and wait until the Ken-Betwa river linking project was finalized, mining giant Rio Tinto on Friday decided to close its Rs 2,200-crore diamond mine project in Madhya Pradesh, reports indianexpress.com. “As part of its ongoing efforts to drive shareholder value by conserving cash and cutting costs further, Rio Tinto has decided

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Vamaship Launches Int’l Shipping of Jewellery

Mumbai: The World’s first integrated Logistic Platform Vamaship launched its International ecommerce shipping specifically for the gems and jewellery industry from Mumbai starting from Rs.999 onwards at the India International Jewellery Show, in association with ‘BVC Logistics’- the official logistics partner for ‘IIJS’. BVC Logistics generates its maximum revenue from the gems & jewellery segment. The service will include a

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Tanzanite Auction Generates over $ 3.3 Mln.

Dar Es Salaam: Tanzanite gemstones worth over 3.3 million US dollars (over 7bn/-) were sold during the maiden mineral auction here over the weekend as Manyara region starts the process to build mineral export processing zone at Mirerani. “We have already secured a vast plot onto which the Tanzanite EPZ will be established, with all polishing, processing and branding done

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Israel Pavilion one of the Largest at Sep. HK Fair

Ramat Gan:  The Israeli Diamond Industry will once again be one of the largest national exhibitors at the September Hong Kong Jewellery & Gem Fair this year. The Israel Diamond Pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), will feature 84 companies and will extend over more than 1150 square meters. There will also be about 15

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BDB Hosts Presentation on Fluorescence in Natural Diamonds by GIA Experts

Mumbai: In the latest round of Leadership Series talks hosted by Bharat Diamond Bourse (BDB), two senior experts from the Gemological Institute of America (GIA)-Mr. Sriram Natarajan, Senior Vice President, Global Laboratory Operations, GIA, and Dr. Yun Luo, Director, Metrology and Quality Control, GIA, highlighted some of the institute’s latest scientific research into the impact of fluorescence on the appearance of natural

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INNOV8: Innovative Seminars at IIJS Premiere

Mumbai: The India International Jewellery Show (IIJS) Bharat Premiere 2026, being held by GJEPC between 5th & 10th August at two different venues of Mumbai has, as usual also organized the Innov8, a series of innovative seminar at both the venues. The schedule is given below: Some of the key sessions at BEC Hall 6 include:6 Aug: Luxury Jewellery, Retail

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Qatar Diamond Exchange Joins the WFDB

Doha: The Qatar Diamond Exchange (QDE) has officially been admitted as a member of the World Federation of Diamond Bourses (WFDB), the exclusive organization that – as of now – unites 27 diamond bourses on five continents under common trading rules and a shared code of conduct. QDE’s admission was announced during the 41st World Diamond Congress, convened by the

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Dassani Brothers to Launch New Collections at IIJS Premiere 2026

Mumbai: Dassani Brothers, a pioneer in the manufacturing of exquisite Polki and Jadau jewellery, will unveil two signature collections GATSBY and RAAGINI at IIJS Premiere 2026. Inspired by the brand’s Heritage Meets Modern philosophy, the collections showcase four generations of craftsmanship, blending timeless artistry with contemporary design. The GATSBY Collection draws inspiration from the bold geometry and glamour of the Art Deco era,

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