The Week the Indian Gold Market Changed: A Rupee Crisis Meets a Duty Shock

Macro Snapshot: The week ending May 15 was the most consequential week of the year for the Indian gold and silver trade, not because of what happened to international prices, but because of what happened in India. Two simultaneous shocks reshaped the domestic market: a near 1.6% rupee depreciation to a fresh record low of 95.98 per dollar on Friday, and a Wednesday government decision to raise the gold and silver import duty from 6% to 15%, followed by a

Read More »

The Week the Indian Gold Market Changed: A Rupee Crisis Meets a Duty Shock

Macro Snapshot: The week ending May 15 was the most consequential week of the year for the Indian gold and silver trade, not because of what happened to international prices, but because of what happened in India. Two simultaneous shocks reshaped the domestic market: a near 1.6% rupee depreciation to a fresh record low of 95.98 per dollar on Friday, and a Wednesday government decision to raise the gold and silver import duty from 6% to 15%, followed by a

Read More »

Top News

Devendra Fadnavis Inaugurates G&J Training & Skilling Centre

Ratnagiri: Mr. Devendra Fadnavis (Hon’ble Deputy Chief Minister of Maharashtra) and Mr. Uday Samant (Hon’ble Minister of Industries) inaugurated a gem and Jewellery (G&J) training & skilling center in Ratnagiri. This initiative has been spearheaded by the apex trade body Gem & Jewellery Export Promotion Council (GJEPC) sponsored by the Union Ministry of Commerce & Industry. As India is being

Read More »

Pact with EFTA to Triple G&J Exports

Mumbai: The Trade and Economic Partnership Agreement (TEPA) between India and European Free Trade Association (EFTA) has opened immense opportunities for Indian gem and jewellery (G&J) sector to enhance its exports to the untapped EFTA countries especially to Switzerland. EFTA countries have removed customs duties on the entire chapter 71 (Gem and Jewellery products) enabling Indian exporters of G&J to

Read More »

Celebrities Shine in Platinum Jewellery at Academy Awards

Mumbai: The glamour of Hollywood soared to new heights as movie stars wore exquisite jewellery designs set in platinum to the 96th Academy Awards. From drop earrings to line bracelets and colorful rings, platinum was the metal of choice for celebrities as they celebrated their achievements at the world’s most famous awards show. The most prominent platinum jewellery trends at

Read More »

WFDB Concludes Successful Presidents’ Meeting

Ramat Gan: The World Federation of Diamond Bourses (WFDB) concluded its annual Presidents’ Meeting for 2024, held in Shanghai, China. The three-day meeting explored the most pressing issues facing the world diamond industry – the G7 restrictions, synthetic diamonds, and the lackluster Chinese market — with expert panels, speeches, and discussions. The Presidents’ Meeting was held at the new Shangrila

Read More »

Devendra Fadnavis Inaugurates G&J Training & Skilling Centre

Ratnagiri: Mr. Devendra Fadnavis (Hon’ble Deputy Chief Minister of Maharashtra) and Mr. Uday Samant (Hon’ble Minister of Industries) inaugurated a gem and Jewellery (G&J) training & skilling center in Ratnagiri. This initiative has been spearheaded by the apex trade body Gem & Jewellery Export Promotion Council (GJEPC) sponsored by the Union Ministry of Commerce & Industry. As India is being

Read More »

Pact with EFTA to Triple G&J Exports

Mumbai: The Trade and Economic Partnership Agreement (TEPA) between India and European Free Trade Association (EFTA) has opened immense opportunities for Indian gem and jewellery (G&J) sector to enhance its exports to the untapped EFTA countries especially to Switzerland. EFTA countries have removed customs duties on the entire chapter 71 (Gem and Jewellery products) enabling Indian exporters of G&J to

Read More »

Celebrities Shine in Platinum Jewellery at Academy Awards

Mumbai: The glamour of Hollywood soared to new heights as movie stars wore exquisite jewellery designs set in platinum to the 96th Academy Awards. From drop earrings to line bracelets and colorful rings, platinum was the metal of choice for celebrities as they celebrated their achievements at the world’s most famous awards show. The most prominent platinum jewellery trends at

Read More »

WFDB Concludes Successful Presidents’ Meeting

Ramat Gan: The World Federation of Diamond Bourses (WFDB) concluded its annual Presidents’ Meeting for 2024, held in Shanghai, China. The three-day meeting explored the most pressing issues facing the world diamond industry – the G7 restrictions, synthetic diamonds, and the lackluster Chinese market — with expert panels, speeches, and discussions. The Presidents’ Meeting was held at the new Shangrila

Read More »

Latest Videos