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

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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 »

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GII Celebrates 52nd Anniversary

Mumbai: The Gemmological Institute of India (GII) has completed its 52nd year on 12th April, 2023. It was celebrated on Saturday, 15 April, 2023 in the Convention hall, Bharat Diamond Bourse (BDB), BKC. All the trustees, important trade personalities of G&J industry, visiting faculty members of GII and GII employees attended. Mr. Anoop Mehta, Chairman, GII and President, BDB chaired

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49th IGJA Function Held Successfully by GJEPC

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized the 49th edition of the India Gem & Jewellery Awards (IGJA) in Mumbai. The Chief Guest Mr. Piyush Goyal, Hon’ble Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution & Textiles, Government of India, felicitated 27 top Gem & Jewellery exporters during the award ceremony. The 49th edition

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Akshaya Tritiya: Jewellers Expect Pick up in Sales

Mumbai: The recent softening of the gold price has supported demand for the yellow metal on the auspicious day of Akshaya Tritiya and jewellers have been witnessing steady footfalls since morning. Mr. Saiyam Mehra the Chairman  of All India Gem and Jewellery Domestic Council (GJC) said, “The 2023 Akshaya  Tritiya was exceptional for jewellery retailers and consumers. Despite high prices,

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NDC Report Clears Misconceptions about Diamonds

Mumbai: Natural Diamond Council (NDC), the authoritative resource on natural diamonds, has released its 2023 analytical report entitled, Diamond Facts: Addressing myths and misconceptions about the diamond industry. Through this report, the NDC has set out to address misinformation about both natural diamonds and their synthetic counterparts. “In an age where consumers are more inquisitive and enlightened than ever, they

Read More »

GII Celebrates 52nd Anniversary

Mumbai: The Gemmological Institute of India (GII) has completed its 52nd year on 12th April, 2023. It was celebrated on Saturday, 15 April, 2023 in the Convention hall, Bharat Diamond Bourse (BDB), BKC. All the trustees, important trade personalities of G&J industry, visiting faculty members of GII and GII employees attended. Mr. Anoop Mehta, Chairman, GII and President, BDB chaired

Read More »

49th IGJA Function Held Successfully by GJEPC

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized the 49th edition of the India Gem & Jewellery Awards (IGJA) in Mumbai. The Chief Guest Mr. Piyush Goyal, Hon’ble Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution & Textiles, Government of India, felicitated 27 top Gem & Jewellery exporters during the award ceremony. The 49th edition

Read More »

Akshaya Tritiya: Jewellers Expect Pick up in Sales

Mumbai: The recent softening of the gold price has supported demand for the yellow metal on the auspicious day of Akshaya Tritiya and jewellers have been witnessing steady footfalls since morning. Mr. Saiyam Mehra the Chairman  of All India Gem and Jewellery Domestic Council (GJC) said, “The 2023 Akshaya  Tritiya was exceptional for jewellery retailers and consumers. Despite high prices,

Read More »

NDC Report Clears Misconceptions about Diamonds

Mumbai: Natural Diamond Council (NDC), the authoritative resource on natural diamonds, has released its 2023 analytical report entitled, Diamond Facts: Addressing myths and misconceptions about the diamond industry. Through this report, the NDC has set out to address misinformation about both natural diamonds and their synthetic counterparts. “In an age where consumers are more inquisitive and enlightened than ever, they

Read More »

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