We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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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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Why Do Indians Buy So Much Gold? RBI to Study
Mumbai: The Reserve Bank of India (RBI) has set up a committee to study Indian household financing pattern and why they spend large sum of money on gold. The panel will look at various facets of household finance in India and to benchmark India’s position vis-a-vis both the peer and advanced countries, it said in a statement on Thursday. The
GJEPC & De Beers Donate INR 1 Crore to NGOs
Mumbai: To mark its 50th golden jubilee anniversary, Gem and Jewellery Export Promotion Council (GJEPC) presented ‘Jewellers for Hope Charity Dinner’ event in association with De Beers as part of its corporate social responsibility (CSR) initiatives. Though most gems and jewellery companies do individual charity, GJEPC’s ‘Jewellers for Hope’ is the ONLY event where jewellers come together for a common
GJF Organized Fashion Nite
Mumbai: All India Gems & Jewellery Trade Federation (GJF), the apex body of the domestic Gems & Jewellery sector, organized GJF Fashion Nite on 5th Aug, Mumbai to unveil the exclusive and designer jewellery collection by top Brands and promote new business relationships amongst the trade. Through this platform, GJF has also launched the new edition of Gems & Jewellery
GJEPC Unveils 50th Anniversary Logo
Mumbai: GJEPC unveiled a special Roman Regal 50th anniversary logo at the Jewellers for Hope Charity Dinner event coinciding with the 33rd edition of the IIJS. The logo was unveiled by GJEPC Chairman Praveenshankar Pandya. During the year, the Council will hold a series of initiatives to commemorate this significant milestone in its illustrious history. “We, at GJEPC, have unveiled
ADB to Participate in Int’l Diamond Week
Ramat Gan: The Israel Diamond Exchange (IDE) announced that a delegation of the Antwerp Diamond Bourse (Beurs voor Diamanthandel) will join colleagues from the Diamond Dealers Club of New York to take part in the International Diamond Week at the Israel Diamond Exchange, from Monday, September 1 to Thursday, September 4. “We’re very pleased that the Antwerp Diamond Bourse will
EGL International Clarifies…
Ramat Gan: EGL International Managing Partner and CEO Guy D. Benhamou has categorically refuted claims made on a regional television station in the United States that EGL’s grading standards were lower than those of its competitors. He added that it was untrue that EGL had been contacted for comment on the case by the TV station as claimed in an
Rio Tinto showcases “Oculus Rift” technology
Las Vegas: Rio Tinto Diamonds is bringing the mine to the marketplace by using innovative Oculus Rift technology to provide an interactive virtual journey into its Diavik Diamond Mine in the remote Northwest Territories of Canada. The Oculus Rift will debut at the Rio Tinto booth at the world’s largest diamond jewellery trade show, the JCK Luxury Show, in Las
WDC & KP Sign an MOU
Antwerp: Edward Asscher, President of the World Diamond Council, and Vice Minister Wei Chuanzhong, Chair of the Kimberley Process, signed a Memorandum of Understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the Administrative Support Mechanism (ASM) on behalf of the Kimberley Process. The ASM provides
