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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JGTD to Open from 27th October

Dubai: The Middle East’s most global B2B jewellery sourcing event is all set for its fifth edition this October! Jewellery, Gem & Technology in Dubai (JGTD) opens from 27–29 October 2026 in North Halls N21 and N23 of the Dubai Exhibition Centre (DEC), reaffirming the fair’s status as the region’s go-to marketplace for fine jewellery, diamonds, coloured gemstones and technology. Featuring

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Indian Leaders Elected to the CIBJO Board of Directors

Vicenza: At the conclusion of the CIBJO Centenary Congress in Italy on September 7, the General Assembly elected several prominent leaders from the Indian gem and jewellery sector to the Board of Directors of The World Jewellery Confederation (CIBJO). Key Appointments & Leadership: Industry Impact & Key Initiatives Founded as the oldest global organization in the gem and jewellery trade,

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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

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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

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Kalyan Jewellers Raised Rs. 800 Crore from IPO

Mumbai: In March 2021, Kalyan Jewellers successfully completed its initial public offering (IPO) and raised approximately Rs. 800 Crore (Rs. 8,000,000,000) of primary capital for the Company, representing a significant milestone in the evolution of the Company’s growth journey. Kalyan Jewellers witnessed a robust increase in consumer demand in Q4 FY 2021, resulting in a revenue growth of approximately 60% for its

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Israel Diamond Industry Shows Signs of Improvement

Ramat Gan: The Israeli Diamond Industry is showing clear signs of recovery, after the coronavirus pandemic took a heavy toll during the past year. Figures for the first quarter of 2021, published by the Israel Ministry of Economy, show a significant increase in the volume of activity in leading trade categories: rough diamond exports, rough diamond imports, polished diamond imports

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Report Throws more Light on Fancy Color Diamonds

New York: The Fancy Color Research Foundation (FCRF) has published a new article to shed light on Fancy Color Diamonds as an investment category. Written by the FCRF Research Staff, the article seeks to answer the following questions: What are the benefits of investing in Fancy Color Diamo kmnds in comparison to other luxury collectibles? Which platform enables short-term trading

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PMJ Jewels Launches Forevermark Circle of Trust

Hyderabad: In a coming together of India’s most iconic brands, legendary Indian badminton player Saina Nehwal unveiled the largest range of beautiful diamond bangles from PMJ, curated Forevermark’s Circle of Trust Collection for the women of Hyderabad at PMJ Jewels’ Banjara Hills store today. Forevermark, the diamond brand from the 130-year-old De Beers Group is known for its genuine, natural,

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