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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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More Relief for Indian Jewellers
New Delhi: The Indian Government has decided to increase the small scale unit (SSI) eligibility limit and exemption limit for gold jewellery manufacturers. The decision was taken on the report of the committee appointed under the chairmanship of Ashok Lahiri, former chief economic advisor, in the aftermath of jewellers’ strike last March to oppose excise duty. The SSI eligibility limit
BrilliAnt Opened for International Exhibitors
Antwerp: The Antwerp Diamond Bourse, The Antwerp Diamond Club, The Antwerp Diamond Kring and the AWDC announced that BrilliAnt®, the 8th edition of the Antwerp Diamond Trade Fair (ADTF-January 29-31, 2017), is opening its doors to international exhibitors. The Diamond Kring’s beautiful trading hall, located in the heart of Antwerp’s diamond district, will host foreign exhibitors for the first time.
JCK Show to Move Back to The Venetian in 2019
Las Vegas: The JCK and Luxury shows in Las Vegas will return to the Sands Expo and Convention Center in 2019, the event organizers said. The shows were until 2010 located at the Sands, which is part of The Venetian and The Palazzo resorts, but were moved to the Manadalay Bay hotel complex. Reed Jewelry Group, which runs the JCK
New De Beers Chief Calls for Trade Collaboration
Gaborone: Bruce Cleaver, the new chief executive officer of De Beers, underlined the importance of partnerships in tackling the diamond sector’s challenges in his first public statement since taking over. The industry’s ability to collaborate is one of the reasons it has been so resilient, said Cleaver who replaced the outgoing CEO Philippe Mellier from July 1. “Partnerships have secured
Gemfields Generates $29.6m from Emerald Auction
London: Gemfields Group Limited announced that its latest commercial-quality emerald auction generated $29.6 million, with every lot sold and the average realized price rising sharply from its previous sale. The auction, held between 24 August and 10 September, achieved $9.72 per carat, compared with $7.46 at the November-December 2025 auction. Total proceeds were also up from $25.4 million despite the volume
WGC Unveils New Chapter of ‘The Moment is Gold’
The World Gold Council (WGC) has unveiled the latest chapter of its ongoing campaign, ‘The Moment is Gold’. Building on the campaign’s central idea of celebrating life’s meaningful moments through gold, the latest film “First Diwali” captures a young couple experiencing their first Diwali together, a deeply personal milestone marked by warmth, belonging and new beginnings. The campaign reinforces how gold
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
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,
