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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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Pangolin Discovers Two More Diamonds
Toronto: Pangolin Diamonds Corp. has recovered two more diamonds from the Company’s wholly-owned Malatswae Diamond Project (Malatswae) for a total of ten to date. Nine of the diamonds are white in colour. The project area is located 105 km southeast of the Karowe diamond mine operated by Lucara Diamonds in Botswana. Diamond MSC-DG-137 is a white cube with small black
Hatton Garden Robbers’ Gang Sentenced to Jail
London: Two of the ringleaders of the Hatton Garden heist yesterday thanked the judge as he jailed them for an audacious £14million gem raid that he said stood ‘in a class of its own,’ reports Daily Mail. ‘Diamond wheezers’ Terry Perkins, 67, said ‘thank you sir’ and Daniel Jones, 61, ‘thank you judge’ as the pair were each sentenced to
GJEPC Urges Govt. to Withdraw Duty on Jewellery
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) stated that the imposition of 1% excise duty on jewellery (other than plain Silver jewellery) by the Government of India in Union Budget 2016-17 is not in the interest of the industry. GJEPC Chairman has already approached the Government to initiate meetings with the Finance Minister and Officials of the Finance
Platinum – A Choice for the Modern Women
Mumbai: This International Women’s Day, pay tribute to the indomitable spirit of women hood with Platinum. Precious, eternal and elegant this metal personifies the innate strength of a modern woman. What better than platinum to show your love and gratitude to the women in your life. Be it your mother, wife, partner, sister or daughter, platinum is something that she
IIJS Bharat Premiere 2026 Crosses 25,000 Registrations
Mumbai: IIJS Bharat Premiere 2026 surpassed 25,000 visitor registrations, marking a strong response from the domestic and international jewellery trade. In view of the milestone, GJEPC has extended the Phase 1 visitor registration deadline to 10 July 2026, giving buyers and trade visitors additional time to register at the current rates before the next pricing phase. IIJS Bharat Premiere 2026,
Antwerp Presents Ring with 321 Natural Diamonds to the US
Antwerp: During the celebration of the 250th anniversary of the United States (US) in the Parc du Cinquantenaire in Brussels, the Antwerp diamond sector presented an exclusive ring set with 321 natural diamonds to U.S. President Donald Trump. The ring symbolizes the historic trade relationship between Antwerp and the United States – for decades the most important export market for
From London to Athens, GJEPC Builds New Export Opportunities
London: Representing India’s gem & jewellery industry (G&J), the Gem & Jewellery Export Promotion Council (GJEPC) Vice Chairman Mr. Shaunak Parikh joined the high-level business delegation led by India’s Commerce & Industry Minister Mr. Piyush Goyal to the UK and Greece. In the UK, GJEPC championed the industry’s priorities as the India–UK FTA paves the way for gem & jewellery
Candere Announces Smriti Mandhana as its New Brand Ambassador
Mumbai: Candere, the lifestyle jewellery brand from the House of Kalyan Jewellers, has announced celebrated Indian cricketer Smriti Mandhana as its new brand ambassador. Joining Shahrukh Khan as the face of the brand, Smriti’s association marks a significant step in Candere’s journey to strengthen its connect with young, modern Indian consumers. One of India’s most accomplished cricketers, Smriti has built
