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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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Feriel Zerouki to Leave De Beers Group
London: De Beers Group today announced that Feriel Zerouki, Chief Trade and Industry Officer and member of the Executive Committee, has decided to leave the company at the end of October 2025. Feriel joined De Beers in 2005 and has played a central role in shaping the company’s leadership in ethics, provenance and industry integrity. She led the launch of
NITI Aayog Partners with GJEPC to Boost Exports
Mumbai: India’s gems and jewellery industry got a significant boost on 7th October 2025, when NITI Aayog and GJEPC brought together key stakeholders to discuss the sector’s future competitiveness and export potential. The hybrid event, hosted at the Bharat Diamond Bourse (BDB) with several participants joining virtually, featured Mr. Sanjeet Singh, Senior Advisor, NITI Aayog, joined by Mr. Kirit Bhansali,
10% Traffic Increase in JGW Hong Kong
Hong Kong: Jewellery & Gem WORLD Hong Kong 2025 (JGW) recorded a 10% increase in buyer attendance over the previous edition – a cautiously positive signal against a backdrop of complex market realities, Informa Markets Jewellery announced yesterday. Despite ongoing trade tensions, supply chain disruptions and high gold prices rattling the luxury goods market, the world’s No.1 jewellery sourcing destination
Maharashtra Announces Landmark G&J Policy
Mumbai: In a landmark move, the Government of Maharashtra yesterday announced the Maharashtra State Gem & Jewellery (G&J) Policy 2025, becoming the first state in India to introduce a dedicated policy for the gem and jewellery sector. The policy aims to attract investments worth ₹1 lakh crore and create over 5 lakh new jobs, marking a major step towards transforming
Fabergé Celebrates Pride Month
New York: Fabergé is delighted to celebrate ‘A Love in Colour’ this June, with the Colours of Love Yellow Gold Diamond and Sapphire Trans Flag Fluted Eternity Ring, with proceeds from sales donated to the Trans Wellness Center. This vibrant creation is set in 18k yellow gold and decorated with pink and blue sapphires and diamonds, recreating the colours of
PGI Releases Platinum Jewellery Business Review
London: The high performance of platinum as a metal and the emotional connections it builds with consumers make it an optimal choice for differentiation within the fine jewellery industry. Platinum Guild International (PGI) released the annual Platinum Jewellery Business Review (PJBR), highlighting platinum’s prestigious image among jewellery retailers and their customers. Platinum’s unique qualities continue to support consumer demand and
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
