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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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WGC Launches ‘It’s Aaj ka Gold’ Campaign
Mumbai: The World Gold Council (WGC) recently announced the launch of its first India-focussed gold ETF campaign, built around the powerful core message ‘It’s Aaj Ka Gold’ (means ‘Today’s gold). The campaign is aimed at modernizing gold investment for the nation’s digital-savvy young investors. The campaign aims to address the awareness–action gap and reinforce the accessibility, liquidity and strategic relevance
GJSCI’s Initiative on Tribal Youth Empowerment
Mumbai: The Shrimad Rajchandra Skill Development Centre, set up in partnership with the Gem & Jewellery Skill Council of India (GJSCI) in September 2022, is helping tribal youth in Dharampur, Valsad, in southern Gujarat build sustainable careers in the gem and jewellery sector. The centre offers training in jewellery CAD design, a key skill in modern jewellery manufacturing. Supported by
Zen Diamond Opens Store in Chandigarh
Chandigarh: Zen Diamond continues to expand its presence in India with the opening of its latest boutique at Nexus Elante Mall, Chandigarh. After establishing a strong foothold in Mumbai with stores in Bandra and Borivali, and further strengthening its presence in Bengaluru with two stores, Zen Diamond now brings its hallmark of exquisite craftsmanship and modern design to North India.
Rio Tinto Concludes Its Final Beyond Rare Tender
Perth: Rio Tinto has brought its celebrated Beyond Rare Tender series to a close, presenting 52 lots of exceptional fancy colour diamonds sourced from its Australian and Canadian mines. Titled “Into The Light,” the event was the third and final edition in Rio Tinto’s annual Art Series. With the Argyle Diamond Mine having ceased operations in 2020 and the Diavik
IIJS Premiere 'Exhibitor Meets' in Different Cities
Mumbai: After successfully organising IIJS Premiere Exhibitor Meets at Mumbai, Delhi and Kolkata, the GJEPC team went to Jaipur, Ahmedabad, Hyderabad, and Bengaluru, informing the exhibitors about the benefits of participating at IIJS Premiere 2022. A presentation was delivered on the upcoming shows: IIJS Premiere 2022, IIJS Signature 2023 and IIJS Tritiya 2023, explaining in detail the various aspects of
GJEPC Organizes Pune Sneha Melava
Pune: India’s Gem & Jewellery Export Promotion Council (GJEPC) was the Associate Partner of the Pune Sneha Melava that was attended by more than 1,000 top retailers from Pune and the surrounding region. The event was organised by the Pune Saraf Association (PSA), headed by President Mr. Fatehchand Ranka on 23rd May, 2022, to celebrate the 97th year of the
IGJS 2022 Jaipur Caters to Rising Global Demand
Jaipur: India’s Gem & Jewellery Export Promotion Council (GJEPC) successfully concluded the exclusive B2B jewelry show the IGJS in association with Gemfields, at JECC, Jaipur, India’s colored gemstone capital, from 10th to 12th May, 2022. The three-day show witnessed 200+ leading exhibitors showcasing their gems and designer jewelry to 650 international buyers from across 48 countries. It was the first
GJEPC Opens Nomination Entries for 48th IGJA
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is all set to organise the 48th edition of the India Gem and Jewellery Awards (IGJA), the foremost recognition platforms for the jewellery sector in India to encourage exports and spur excellence in manufacturing, finance and innovation. In alignment with the evolving business scenario, the 48th edition includes new Award categories.
