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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 $2 million and barring the
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New FEMA Guidelines to Exporters Explained
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IndusInd Bank, organized a webinar on 16 October 2026 to explain the revised Foreign Exchange Management Act (FEMA) guidelines and their implications for the gem and jewellery trade. Prakash Kumar Rath, Head – Gems, Jewellery and Diamond Division, IndusInd Bank, addressed key changes under the revised framework, which
India & France Explore New Frontiers in Luxury Jewellery
Paris: India’s Gem & Jewellery Export Promotion Council (GJEPC) brought 17 curated Indian fine jewellery companies to Paris, with the India–EU trade agreement lending fresh momentum to business partnerships, creative exchange and brand-building across France’s luxury ecosystem. The pitch was partnership, not just supply. India is looking to deepen its place in the global luxury conversation—not simply as a leading
GJEPC Partners with The Leela: Offers Benefits to Members
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has entered into a strategic alliance with The Leela Palaces, Hotels and Resorts to provide exclusive hospitality benefits to its members, marking the Council’s first partnership with a hotel group. The association is designed to support members’ business and personal travel needs, offering special pricing, room upgrades, hotel credits, dining and
India’s G&J Exports Grow 9.43% in September 2026
Mumbai: India’s gem and jewellery (G&J) exports continued their growth trajectory in September 2026, with gross exports rising 9.43% in US dollar terms and 18.24% in rupee terms year-on-year to US$ 2.95 billion (Rs. 28,157.55 crore), compared to US$ 2.70 billion (Rs. 23,813.91 crore) in September 2025. For April–September 2026, India’s gross gem and jewellery exports reached US$ 14.30 billion
8th Edition of GGJS from 6th Jan. 2017
Ahmedabad: The 8th edition of the Gujarat Gold Jewellery Show (GGJS) is schedule on 6-7-8 January 2017 at the Gujarat University Convention Centre, Ahmedabad, Gujarat India. Since its debut in 2010, the GGJS Show has grown to become a much –awaited jewellery exhibition in India. It established its place as an ideal platform for jewellery to tap into India’s jewellery
‘World’s Biggest Pearl’ Found in Philippines
Manila: A Filipino fisherman in western Palawan island has found possibly the world’s biggest pearl, but he didn’t know it. For 10 years, the 34-kilogram (75-pound) pearl was hidden in a bag under a bed. The fisherman’s family would rub it with their hands before going out to sea in the belief it would bring them luck, said relative Aileen
Indian Exporters to Loose Incentives after GST
New Delhi: India’s Commerce secretary Ms. Rita Teaotia told the exporting community yesterday that exemptions and incentives, which were being given for promoting exports, would go away once the GST was in place. “Exemptions and incentives will go away once the Goods and Services Tax (GST) is implemented. GST and exemptions do not go hand-in-hand,” Teaotia said at a session
GJSCI Certifies 3rd Centre of Excellence in Kerala
Mumbai: Gems & Jewellery skill Council of India (GJSCI) takes another step towards accomplishing Prime Minister Mr. Narendra Modi’s vision of a skilled India by certifying their 3rd Centre of Excellence- KTB (IGJ,Inkel) in Mallapuram, Kerala in presence of Mr. Rajiv Pratap Rudy- Union Minister of State Skill Development and Entrepreneurship, Mr. Rohit Nandan -Principal Secretary, Ministry of Skill Development
