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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Lucara Reports Strong First Half Year Earnings

Vancouver: Lucara Diamond Corp has reported strong first half year earnings, with second quarter revenues of $140.8 million or $1,824 per carat resulting in first half revenues of $191.4 million. The first half revenue compared favorably with the $67.8 million in revenue over the same period in 2015. Lucara’s results were boosted by the sale of the 813-carat “Constellation” diamond,

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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

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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

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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

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Grow Your Business, Attend ‘Innov8’ at IIJS Bharat Premiere

NATURAL DIAMONDS: DESIRE, CONFIDENCE, COLLABORATION & LEADERSHIP: Mumbai: The Count down for IIJS Bharat Premiere 2026, being organized by India’s Gem & Jewellery Export Promotion Council (GJEPC) has begun. At IIJS Bharat Premiere 2026, GJEPC × GIA presents Innov8 Talks, powered by IGM (India Gold Metaverse), bringing together global leaders from the natural diamond industry to explore the future of

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India’s CG, Dubai, V V Reddy, Interacts with BDB Committee

Mumbai: India’s Consul General (CG) to Dubai, Mr. Vishnu Vardhan Reddy, visited the Bharat Diamond Boure (BDB) complex on July 24. He engaged with members of the BDB Committee. The visit enabled the CG to gather better insights into the functioning of the diamond trade, the operations within the Bourse. He also observed the smooth functioning of import-export trade in

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Dhoni Joins Malabar Gold as Brand Ambassador

Mumbai: Malabar Gold & Diamonds, a responsible jeweller, recently announced MS Dhoni as its Brand Ambassador, marking the beginning of a long-term association centred around The Responsible Jeweller, the brand’s philosophy of taking responsibility beyond jewellery. At a time when consumers are placing greater emphasis on transparency, authenticity and trust, Malabar Gold & Diamonds is reinforcing its commitment to responsibility across every

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IIJS Bharat Premiere Receives Special Messages from India’s FM, Gujarat CM

Mumbai: IIJS Bharat – Premiere 2026 has received special messages from India’s Finance Minister and Minister of Corporate Affairs, Mrs. Nirmala Sitharaman and also from Gujarat Chief Minister Mr. Bhupendra Patel, recognizing India’s growing leadership in the global gem & jewellery industry. IIJS Bharat Premiere has grown into one of the world’s leading business platforms for the gem and jewellery

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