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Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
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IIBX & GJEPC Facilitate First-Ever Duty-Free Gold Import
Mumbai: The India International Bullion Exchange (IIBX), in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC), has achieved a major milestone by facilitating the country’s first-ever duty-free import of gold under the Directorate General of Foreign Trade’s (DGFT) Advance Authorisation Scheme. This breakthrough marks a new chapter in India’s bullion market, aligning with the government’s vision to streamline
Kirit Bhansali Attends India-UK CEOs Forum
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) Chairman Mr. Kirit Bhansali was privileged to represent the gem and jewellery sector as part of the distinguished delegation accompanying Hon’ble Prime Minister Mr. Narendra Modi during his discussions with UK Prime Minister Sir Keir Starmer at the India-UK CEOs Forum . This high-level trade mission underscores the strong commitment of
Feriel Zerouki to Leave De Beers Group
London: De Beers Group today announced that Feriel Zerouki, Chief Trade and Industry Officer and member of the Executive Committee, has decided to leave the company at the end of October 2025. Feriel joined De Beers in 2005 and has played a central role in shaping the company’s leadership in ethics, provenance and industry integrity. She led the launch of
NITI Aayog Partners with GJEPC to Boost Exports
Mumbai: India’s gems and jewellery industry got a significant boost on 7th October 2025, when NITI Aayog and GJEPC brought together key stakeholders to discuss the sector’s future competitiveness and export potential. The hybrid event, hosted at the Bharat Diamond Bourse (BDB) with several participants joining virtually, featured Mr. Sanjeet Singh, Senior Advisor, NITI Aayog, joined by Mr. Kirit Bhansali,
PMJ Jewels Launches Forevermark Circle of Trust
Hyderabad: In a coming together of India’s most iconic brands, legendary Indian badminton player Saina Nehwal unveiled the largest range of beautiful diamond bangles from PMJ, curated Forevermark’s Circle of Trust Collection for the women of Hyderabad at PMJ Jewels’ Banjara Hills store today. Forevermark, the diamond brand from the 130-year-old De Beers Group is known for its genuine, natural,
Ali Pastorini Offers a Course for Beginners & Brands
New York: Ms. Ali Pastorini, one of the leading names in the world jewelery sector, offers to students, designers and jewelers with small businesses a course about Build a Brand. The intention of this initiative is to help these jewelers to choose better paths in the first years of the brand and/or to contribute to those who are still in the
PGI Launches New Platinum Collection for Men
Mumbai: A year of extraordinary challenges and realizations, 2020 made us learn, unlearn, relearn and rebuild. It urged us to reevaluate what truly matters, allowed us to look at what we have with gratitude knowing it will help us build a new tomorrow. Most importantly, it set the precedent to persevere, viewing every roadblock as a steppingstone to change and possibly a
Kalyan Jewellers Announces 1st Phase of Expansion
Thrissue: Kalyan Jewellers recently announced that the brand is planning to increase its retail footprint by 13% in the first quarter itself. The company plans to enhance operations across seven states and will add 14 new showrooms, all on April 24th, 2021. While the brand has plans to scale up existing operations in the tier-1 cities, it will also focus on
