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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GJEPC Holds Discussions With E. Region Stakeholders

Kolkata: Mr. Colin Shah, Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC), held a series of meetings in Kolkata last week and discussed issues related to gem and jewellery exports with stakeholders from the Eastern Region. In an interactive session with Rajiva Sinha, Chairman, West Bengal Industrial Development Corporation Ltd. (WBIDC), Mr. Shah discussed the issue of placing

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Jewellery, Gem & Technology Dubai to Debut in 2022

Dubai: Get ready for one of the jewellery world’s most powerful marketplaces for product discovery, meaningful connections and inspired thinking – Jewellery, Gem & Technology Dubai (JGT Dubai). Envisioned as a high-impact jewellery sourcing experience, JGT Dubai will have its inaugural edition on 22 – 24 February 2022 at the Dubai World Trade Centre (DWTC). The three-day sourcing event is a joint venture of

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WDC and RJC Enter Cross-Membership Partnership

New York: The World Diamond Council (WDC) and Responsible Jewellery Council (RJC) have entered into a cross-membership partnership and signed mutual codes of conduct. The two leading diamond and jewellery industry organisations are dedicated to the adoption of responsible business practices across the supply chain, and this partnership will help increase knowledge-sharing, pilot new initiatives, and increase the positive impact

Read More »

GJEPC Organises Series of Virtual Buyer Seller Meets

Mumbai: Diamond studded Jewellery Virtual Buyer Seller Meet (VBSM) is held from 17th to 19th March 2021. This will be followed by Loose Diamond VBSM (to be held from 24th – 26th March 2021) and later by Platinum Jewellery VBSM Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gems and jewellery trade in India, in its endeavor to

Read More »

GJEPC Holds Discussions With E. Region Stakeholders

Kolkata: Mr. Colin Shah, Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC), held a series of meetings in Kolkata last week and discussed issues related to gem and jewellery exports with stakeholders from the Eastern Region. In an interactive session with Rajiva Sinha, Chairman, West Bengal Industrial Development Corporation Ltd. (WBIDC), Mr. Shah discussed the issue of placing

Read More »

Jewellery, Gem & Technology Dubai to Debut in 2022

Dubai: Get ready for one of the jewellery world’s most powerful marketplaces for product discovery, meaningful connections and inspired thinking – Jewellery, Gem & Technology Dubai (JGT Dubai). Envisioned as a high-impact jewellery sourcing experience, JGT Dubai will have its inaugural edition on 22 – 24 February 2022 at the Dubai World Trade Centre (DWTC). The three-day sourcing event is a joint venture of

Read More »

WDC and RJC Enter Cross-Membership Partnership

New York: The World Diamond Council (WDC) and Responsible Jewellery Council (RJC) have entered into a cross-membership partnership and signed mutual codes of conduct. The two leading diamond and jewellery industry organisations are dedicated to the adoption of responsible business practices across the supply chain, and this partnership will help increase knowledge-sharing, pilot new initiatives, and increase the positive impact

Read More »

GJEPC Organises Series of Virtual Buyer Seller Meets

Mumbai: Diamond studded Jewellery Virtual Buyer Seller Meet (VBSM) is held from 17th to 19th March 2021. This will be followed by Loose Diamond VBSM (to be held from 24th – 26th March 2021) and later by Platinum Jewellery VBSM Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gems and jewellery trade in India, in its endeavor to

Read More »

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