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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
Top News
India to Issue Second Trench of SGB Scheme
New Delhi: The Centre in consultation with the Reserve Bank of India has decided to issue second tranche of Sovereign Gold Bonds (SGB). Applications for the bonds will be accepted from January 18-22, and the bonds will be issued on February 8. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices.
WJA Elects New International Board President
New York: The Women’s Jewelry Association (WJA) has elected Brandee Dallow, director of Rio Tinto Diamonds North America Representative Office, as the new president of the WJA International Board of Directors. Dallow succeeds Andrea Hansen of LuxeIntelligence. Jenny Luker of Platinum Guild International has been appointed president elect. The 2016-2017 WJA board’s executive committee also includes Kristie Nicolosi of The
Dominion Appoints New Chairman Designate
Toronto: Dominion Diamond Corporation has appointed Jim Gowans to its board of directors. He will take over from Robert Gannicott, chairman of the board, by the end of April. “Both the company and I have faced certain changes recently,” said Gannicott. For the company, these represent opportunities but in my case they represent medical challenges. I have known Jim throughout
Eli Avidar Appointed as MD of IDE
Ramat Gan: The Israel Diamond Exchange (IDE) announced it has appointed Eli Avidar, the Managing Director of the Israel Diamond Institute Group of Companies (IDI), as its new Managing Director, effective immediately. Avidar replaces Moti Besser who completed two terms as Managing Director. Avidar, who has served as IDI’s Managing Director since January 2007, has had a rich career in
JewelStart to Elivate India’s Role as “Jeweller to the World”
Mumbai: IIJS Bharat Signature 2026 witnessed a defining moment for India’s gem and jewellery industry with the launch of JewelStart, GJEPC’s first dedicated incubation and acceleration platform for gems, jewellery and allied startups. Unveiled at the show in Mumbai, JewelStart signals a deliberate move to embed structured innovation, entrepreneurship and technology-led problem solving into the industry’s growth story. Conceived as
Platinum Jewellery Continues to Show Sustained Momentum: Vaishali Banerjee
Mumbai (By Suresh Chotai): India’s platinum jewellery sector delivered a strong performance in 2025, supported by robust consumer demand, innovative product lines, and the metal’s attractive pricing compared to gold. Despite global headwinds and periodic market volatility, domestic retail sales and exports recorded healthy growth, positioning platinum as a compelling choice for modern Indian consumers. According to industry estimates, platinum
GJEPC Confers Hall of Fame Awards
Mumbai: The Hall of Fame is more than an awards presentation. It is the occasion reflecting the shared values and collective strength of the gem and jewellery community. GJEPC honoured their contributions that have left a lasting impact and continue to inspire the next generation. These are the leaders who have shaped the industry’s journey and its future. Dilip Kumar
IIJS Bharat Signature Pillars Honoured
Mumbai: Behind the scale and precision of IIJS Bharat Signature 2026 lies months of planning and on-ground execution by teams who rarely step into the spotlight. At the ceremonial opening at the Bombay Exhibition Centre, NESCO, GJEPC recognized these efforts through the felicitation of the IIJS BharatPillars, honouring individuals whose behind-the scenes work shapes the show year after year. Those
