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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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PGI Held Season of Love Awards Ceremony in Kochi
Kochi: Building on the momentum of its previous editions, Platinum Guild International (PGI)- India marked the successful culmination of the 7th edition of its flagship retail initiative, Platinum Season of Love, with a celebratory awards ceremony in Kochi. The Platinum Season of Love Awards 2025 were hosted as part of the annual Platinum Buyer-Seller Meet, PGI India’s premier industry platform. The event brought together leading
Kirit Bhansali Graces KJIF 2025 as Chief Guest
Kochi: Mr. Kirit Bhansali, Chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) was invited as the Chief Guest at the inauguration of the Kerala Jewellery International Fair (KJIF) 2025, held at the Adlux International Exhibition & Convention Centre, Angamaly, Kochi, on 27th June 2025. Organized by the Kerala Gold & Silver Merchants Association and United Exhibitions, KJIF is
Aditi Tatkare Inaugurates InnovNXT 40 Under 40
Mumbai: The future of India’s gem and jewellery industry came alive at the launch of InnovNXT 40 Under 40 in Mumbai on 25th June 2025 — a dynamic initiative by the Gem & Jewellery Export Promotion Council (GJEPC), the apex body for the gem and Jewellery industry in India, aimed at recognising and empowering its next generation of leaders. With
Candere Unveils New Store in Panvel
Mumbai: Candere, the lifestyle jewellery brand by Kalyan Jewellers, has further expanded its presence in Mumbai with the launch of its 7th store in the city, located in Panvel, Navi Mumbai. With this addition, Candere now operates 77 stores across India, reflecting its commitment to bringing distinctive jewellery collections to a wider audience in the region. This expansion marks a
Shmuel Schnitzer Salutes Stephen Lussier
Ramat Gan: Shmuel Schnitzer, the newly elected Chairman of the Israel Diamond Institute Group of Companies (IDI), praised the appointment of Stephen Lussier as Chairman of the Diamond Producers Association (DPA). Lussier is Executive Vice President of Marketing of the De Beers Group and Chief Executive of the De Beers Forevermark brand. Shmuel Schnitzer said, “Stephen Lussier is a true
Indian Jewellers to Observe Strike on 10th Feb
Kolkata: Over 300 jewellery associations across the country will observe one-day strike on February 10 to protest against norms that make it mandatory to quote PAN for any transactions of Rs 2 lakh and above. “We are forced to call the strike on Wednesday for the government’s decision to impose PAN card for purchases above Rs two lakh,” chairman (east)
KP Chairman Honored during Visit to WJH
Panama: Ahmed bin Sulayem, Executive Chairman of the Dubai Multi Commodities Center (DMCC), was honored last week in Panama City, when he was presented Honorary Membership of the World Jewelry Hub (WJH) by its Chairman Mr. Eli Izhakoff. Mr. Bin Sulayem, who also is the current Chairman of the Kimberley Process, was on a visit to Panama as a guest
AWDC Simplifies Identification Process
Antwerp: Belgian anti-money laundering legislation requires diamond traders to identify their clients, verify their identity and conduct a risk analysis before proceeding to a transaction. AWDC, the umbrella organization of the Antwerp diamond industry, is therefore making a free database available to diamond traders to simplify this identification process. Not only banks, but also diamond traders in Belgium are required
