We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
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
Top News
India Hikes Import Tariff Value on Gold, Silver
New Delhi: The Indian government yesterday hiked import tariff value on gold and silver to USD 411 per 10 grams and USD 632 per kg as global prices have increased in the wake of escalating violence in Iraq. In the first fortnight of this month, tariff value on imported gold stood at USD 408 per 10 grams and silver at
De Beers June Sight Estimated at $640M
Gaborone: The De Beers June sight closed with an estimated value of $640 million as demand for rough diamonds remained firm. Prices and assortments were largely unchanged from the previous sight, although sightholders reported minor price adjustments on select boxes. There was ex-plan supplied – rough in excess of sightholders’ initial application for goods – as demand rose during sight
Zimbabwe's Proposed Marange Restructuring Stalled
Harare: Marange diamond miner Anjin Investments Ltd. has reportedly stalled the Zimbabwe government’s intended consolidation of Marange diamond companies. As of last week, Anjin’s top management, which recently visited Zimbabwe from China, was yet to meet with officials from the mines ministry to finalize evaluations of company’s operations. The ministry had originally projected briefing Anjin chairperson Jiang Qingder on the
Belgian Politician Warns Against Diamond Sanctions
Antwerp: The 36th World Diamond Congress (WDC) has opened in Antwerp, with Minister-President of Flanders, Kris Peeters, warning of the “catastrophic” impact that sanctions relating to the diamond industry could have. The Congress is the bi-annual meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). Talking of the huge role of the diamond
India to Boost G&J Trade through E- Commerce
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in the past few years, has been actively pursuing projects and policies that could lead to a manifold increase in India’s outbound gem and jewellery trade. Aligning with the Prime Minister Mr. Narendra Modi’s vision of making the smallest of towns and villages active participants in the country’s export efforts, the
Webinar on ‘November Birthstones Topaz & Citrine’
Mumbai: GIA India organised the Knowledge Webinar ‘November Birthstones: Topaz and Citrine’ for members of the gem and jewellery trade across India. More than 60 participants attended this webinar to learn important information about the two birthstones for November. GIA India Instructor Vijay Parmar shared insights on the sources, history and quality factors of topaz and citrine. The webinar also presented
GJEPC Signs MOU with Yes Bank
Mumbai: In a first of its kind collaboration, Yes Bank has signed an MoU with India’s Gem and Jewellery Export Promotion Council (GJEPC) to support the gem and jewellery industry. Mr. Colin Shah, Chairman, GJEPC and Mr. Avinash Chandra, Executive Vice President – Knowledge Banking Unit, Yes Bank singed the MoU in the presence of Mr. Ashok Gajera, Regional Chairman,
GJEPC to Debut e-IGJS, Exclusive Export-oriented Show
Mumbai: After successful and accomplished IIJS Virtual and several Virtual Buyers-Seller Meets, which offered a much-needed opportunity for buyers and exhibitors to connect and transact business during this pandemic, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all geared up to organise its first ever export-oriented show only for international buyers, the International Gem & Jewellery Show (e-IGJS) in
