Two Weeks, Two Divergences, One Mechanism: The Rupee is Rewriting Indian Gold

Macro Snapshot: Two weeks ago, the rupee crisis pushed MCX gold up 3.9% while COMEX gold fell 3.6%. The week ending May 29 produced the exact mirror image: COMEX gold rose 1.5% while MCX gold fell 2.0%. Same mechanism, opposite direction. The rupee’s path through the week tells the full story. The intra-week range of 95.05 to 96.26, roughly 1.2%, is what explains why MCX prices fell while COMEX prices rose. But US and Iranian negotiators reached a tentative agreement

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Two Weeks, Two Divergences, One Mechanism: The Rupee is Rewriting Indian Gold

Macro Snapshot: Two weeks ago, the rupee crisis pushed MCX gold up 3.9% while COMEX gold fell 3.6%. The week ending May 29 produced the exact mirror image: COMEX gold rose 1.5% while MCX gold fell 2.0%. Same mechanism, opposite direction. The rupee’s path through the week tells the full story. The intra-week range of 95.05 to 96.26, roughly 1.2%, is what explains why MCX prices fell while COMEX prices rose. But US and Iranian negotiators reached a tentative agreement

Read More »

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Progress in Harmonization of Language used on Gemological Reports

Mumbai: The Laboratory Manual Harmonization Committee (LMHC) has reported significant progress towards its goal of achieving the harmonisation of language used on gemmological reports, following its latest meeting, which was hosted by the Swiss Gemmological Institute – SSEF, in Basel, Switzerland, in May. Following the meeting, LMHC members unanimously approved three new information sheets that standardise terminology and testing procedures, and

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GJEPC Urges Finance Minister for Urgent Relief

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Mr. Kirit Bhansali, along with Vice Chairman Mr. Shaunak Parikh and Executive Director Mr. Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman recently to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by

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BDB Leadership Series Discusses Future of G&J Sector

Mumbai: The second edition of the Bharat Diamond Bourse (BDB) Leadership Series themed ‘Polishing Our Future’ concluded successfully with world renowned speakers attending the preparatory conference for the Gem and Jewellery Industry members. This was the third day of the three-day conference, the first two days dedicated to presentation of research papers by globally acclaimed scientists under the AGDRT (Advances

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Forevermark Diamond Jewellery Launched in India

New Delhi: Forevermark Diamond Jewellery from De Beers Group, the world’s leading diamond company, officially launched as a jewellery brand yesterday. India becomes the lead market for the Forevermark brand with a landmark brand debut and flagship store opening in New Delhi. The opening of the flagship New Delhi store marks a significant milestone in Forevermark’s journey of bringing its

Read More »

Progress in Harmonization of Language used on Gemological Reports

Mumbai: The Laboratory Manual Harmonization Committee (LMHC) has reported significant progress towards its goal of achieving the harmonisation of language used on gemmological reports, following its latest meeting, which was hosted by the Swiss Gemmological Institute – SSEF, in Basel, Switzerland, in May. Following the meeting, LMHC members unanimously approved three new information sheets that standardise terminology and testing procedures, and

Read More »

GJEPC Urges Finance Minister for Urgent Relief

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Mr. Kirit Bhansali, along with Vice Chairman Mr. Shaunak Parikh and Executive Director Mr. Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman recently to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by

Read More »

BDB Leadership Series Discusses Future of G&J Sector

Mumbai: The second edition of the Bharat Diamond Bourse (BDB) Leadership Series themed ‘Polishing Our Future’ concluded successfully with world renowned speakers attending the preparatory conference for the Gem and Jewellery Industry members. This was the third day of the three-day conference, the first two days dedicated to presentation of research papers by globally acclaimed scientists under the AGDRT (Advances

Read More »

Forevermark Diamond Jewellery Launched in India

New Delhi: Forevermark Diamond Jewellery from De Beers Group, the world’s leading diamond company, officially launched as a jewellery brand yesterday. India becomes the lead market for the Forevermark brand with a landmark brand debut and flagship store opening in New Delhi. The opening of the flagship New Delhi store marks a significant milestone in Forevermark’s journey of bringing its

Read More »

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