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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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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Israel Exchange to Create Code of Ethics

Ramat Gan: In what appears to be a ground-breaking move for a diamond bourse, the Israel Diamond Exchange (IDE) has begun moves to create a code of ethics by which its members would be expected to operate. At a meeting at the bourse, IDE President Shmuel Schnitzer and management members discussed the creation of such a code with Israeli experts

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China’s Jewellery Sales Accounted for 41%

Beijing: Mainland China is a major jewellery consumer in the world. According to the recently released China Jewellery Industry Report, 2013-2016, last year jewellery sales in Chinese Mainland approximated $75.8 billion, which is equivalent to 41.2 % of the global consumption. In Mainland China, the gold jewelry consumption accounts for about 50% of the total jewellery consumption. In 2013, two

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Gold Smuggling in India May Fall to 50 Tonnes

Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been

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India May not fully Withdraw Gold Curbs

New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was

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13th Edition of IIJS SIGNATURE Commences

18,000 VISITORS FROM 325 INDIAN CITIES & 55 COUNTRIES EXPECTED TO ACCESS 700+ EXHIBITORS & 1,300 BOOTHS 7th IGJME – ASIA’S LARGEST – EXHIBITS LATEST IN G&J TECHNOLOGY Mumbai: Furthering India’s jewellery legacy! The Gem & Jewellery Export Promotion Council (GJEPC) presented the global trade with two wonderful opportunities to commence the Year’s buying season with the 13th edition of

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GIA India Offers Fee Waivers During IIJS Signature

Mumbai: Aspiring students who wish to embark on a career in the gem and jewellery industry can now take advantage of GIA India’s special fee waivers during IIJS Signature 2020. GIA India is offering fee waivers for its education programmes in Mumbai, Surat and New Delhi. This fee waiver is applicable from Feb. 10 to Feb. 21, 2020, for the Institute’s diploma and certificate

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Bangkok Gems & Jewelry Fair from 25th February

Bangkok: The Department of International Trade Promotion (DITP), Ministry of Commerce, has demonstrated its confidence in the potential of Thailand to become the World’s Jewelry Hub while assigning Thai Trade Centers around the world to proactively promote the export of gems and jewelry products and focus on penetrating new markets and expanding online sales channels in existing markets. The DITP

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Artisan Jewellery Design Awards 2020 Distributed

Legendary British designer Stephen Webster graces the event Mumbai: 3 Eras! 625 Entries! 27 Winners! Legendary British designer Stephen Webster graced the annual momentous event recognising and rewarding the best in jewellery design, The Artisan Jewellery Design Awards, an initiative by the Gem & Jewellery Export Promotion Council (GJEPC). The Artisan Awards epitomises the highest levels of artistry, innovation and individuality –

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