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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IIJS Virtual 2 for Machinery & Allied Companies

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) had organised the 1st edition of IIJS Virtual 2020 in October 2020 which garnered huge success from participants and visitors too. Based on this success the Organisation also received request from machinery & allied companies to be part of the next edition of IIJS Virtual. GJEPC is happy to announce the second edition of “IIJS

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UNI & EZcalc Hold Inaugural White Diamond Tender

Ramat Gan: With the end-of-year holiday shopping season now officially underway, UNI and EZcalc have announced their inaugural White Diamond Tender, which will take place December 10 to 14, 2020, and following that become a regular weekly event. On offer will be hand-selected, high-quality polished diamonds of unusual value, exclusively being made available for the sale. “White Diamond Tenders are

Read More »

India’s G&J Exports Recovering at Fast Pace: GJEPC

Mumbai: India’s Gems and Jewellery (G&J) sector has shown signs of green shoots of exports after a long pandemic struggle of over 8 months. The November 2020 gross exports of Gems & Jewellery reported USD 2.48 Bn a mere 3.88 percent decline as compared to the gross exports of USD 2.58 Bn reported in November 2019. Overall gross exports however this

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PGI Launches Men of Platinum's New Campaign

Mumbai: During the last few months, we all have been faced with several challenges – be it personal or professional. And it’s true; adversity is the biggest test of character, of the values and beliefs one stands by. When faced with tough choices and standing at the crossroads only a few managed to come through and make the right choices,

Read More »

IIJS Virtual 2 for Machinery & Allied Companies

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) had organised the 1st edition of IIJS Virtual 2020 in October 2020 which garnered huge success from participants and visitors too. Based on this success the Organisation also received request from machinery & allied companies to be part of the next edition of IIJS Virtual. GJEPC is happy to announce the second edition of “IIJS

Read More »

UNI & EZcalc Hold Inaugural White Diamond Tender

Ramat Gan: With the end-of-year holiday shopping season now officially underway, UNI and EZcalc have announced their inaugural White Diamond Tender, which will take place December 10 to 14, 2020, and following that become a regular weekly event. On offer will be hand-selected, high-quality polished diamonds of unusual value, exclusively being made available for the sale. “White Diamond Tenders are

Read More »

India’s G&J Exports Recovering at Fast Pace: GJEPC

Mumbai: India’s Gems and Jewellery (G&J) sector has shown signs of green shoots of exports after a long pandemic struggle of over 8 months. The November 2020 gross exports of Gems & Jewellery reported USD 2.48 Bn a mere 3.88 percent decline as compared to the gross exports of USD 2.58 Bn reported in November 2019. Overall gross exports however this

Read More »

PGI Launches Men of Platinum's New Campaign

Mumbai: During the last few months, we all have been faced with several challenges – be it personal or professional. And it’s true; adversity is the biggest test of character, of the values and beliefs one stands by. When faced with tough choices and standing at the crossroads only a few managed to come through and make the right choices,

Read More »

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