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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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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 —
Kalyan Jewellers Announces 1st Phase of Expansion
Thrissue: Kalyan Jewellers recently announced that the brand is planning to increase its retail footprint by 13% in the first quarter itself. The company plans to enhance operations across seven states and will add 14 new showrooms, all on April 24th, 2021. While the brand has plans to scale up existing operations in the tier-1 cities, it will also focus on
Federation of Swiss Watch Ind. is Member of CIBJO
Milan: CIBJO, the World Jewellery Confederation, has announced that its Board of Directors has confirmed the membership of the Federation of the Swiss Watch Industry FH. CIBJO President Gaetano Cavalieri welcomed the decision, stating that it underscores the convergent interests of the watch, jewellery and gemstones industries, and the need for all to work together to protect consumer confidence and
Alrosa Extends its Existing Rough Supply Contracts
Moscow: Alrosa extended its existing rough diamond supply contracts through Q2 2021 after a thorough analysis of the market situation and its clients’ needs, as part of the preparation of new three-year arrangements. The company said the adaptation of its supply to real demand is aimed at ensuring support for an emerging supply demand balance. During Q1 2021, Alrosa hosted
Distinguishing the Afghan Emeralds from Others
Basel: The first detailed study characterising an emerald type from Afghanistan that has recently become available in the gemstone trade has been prepared by a team of scientists from the Swiss Gemmological Institute SSEF, and published in the most recent edition of Journal of Gemmology. One of the challenges posed by such emeralds is that they are on occasion mislabeled
