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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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Gemfields Achieves $19.2 Mln at Jaipur Auction
Mumbai: Gemfields plc has announced the results of its auction of predominantly lower quality rough emerald extracted by Kagem Mining Ltd in Zambia (which is 75% owned by Gemfields and 25% by the Government of the Republic of Zambia). The auction was held in Jaipur, India from 18th – 21st of November, 2015 and the proceeds of this auction will
China Gets Rough Diamond Exchange
Beijing: Shenzhen Rough Diamond Exchange (SRDE), a secure diamond storage, sorting and viewing facility in the Chinese city, has received final approval to operate. Foreign suppliers will be able to ship diamonds to the new warehouse in the Luohu district of Shenzhen duty-free. Local Chinese companies will then be able to view and purchase the goods through the Shanghai Diamond
Dominion to Hold Viewings of Diamonds in Mumbai
Mumbai: Dominion Diamond Marketing N.V., a subsidiary of Dominion Diamond Corporation, will conduct viewings of its rough diamond sales parcels at the Special Notified Zone (SNZ) located within the Bharat Diamond Bourse in Mumbai beginning in February 2016, reports JNA. Viewing dates for 2016 are as follows: 1-6 February; 7-12 March; 4-9 April; 23-28 May; 20-25 June; and 1-6 August.
De Beers Appoints Nimesh Patel as CFO
Gaborone: De Beers has appointed Nimesh Patel as chief financial officer, succeeding Gareth Mostyn who will become executive head of strategy and corporate affairs in the new year. Patel was previously group head of corporate finance at De Beers parent company Anglo American. Prior to this, he spent 15 years in investment banking at JP Morgan and as a managing
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
