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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Emmanuelle Nodale Appointed as Brand CEO, De Beers

London: De Beers Group today announced the appointment of Emmanuelle Nodale as Brand CEO, De Beers London, as the brand enters a new phase of global expansion and strategic evolution as part of the Group’s Origins strategy. With over 20 years of expertise in shaping and developing global brands, Nodale is recognised for her strategic leadership and ability to translate

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New Collaborations, Partner Alignments Expected from PGI’s Upcoming BSM

Mumbai: Platinum Guild International (PGI) is organizing its annual Buyer Seller Meet (BSM) in Kochi on 26-27 June. The 8th edition of India Buyer-Seller Meet is an exclusive, invitation-only event focused on fostering collaboration and business opportunities between platinum jewellery retailers and manufacturers. It serves as a platform for showcasing innovative designs, finalizing orders, and building partnerships ahead of key

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Gemfields Generates $31.7m from Auction of Mixed Ruby

London: Gemfields has reported good demand for fine-quality rubies on yesterday in spite of market turbulence, with its latest mixed-quality ruby auction generating $31.7m in revenue. “Demand and pricing for fine-quality rubies remain strong,” said Adrian Banks, Gemfields’ MD of product and sales. “Today’s auction result demonstrated the resilience of rubies in turbulent times,” he said. The auction, held between

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GJEPC Hosts Design Training Program

Mumbai: The Bharat Ratnam Mega Common Facility Centre (Mega CFC) at SEEPZ-SEZ, Mumbai, witnessed the inauguration of the much-anticipated Design Training Program by Mr. Guido Persico on 16th June. The initiative, launched by India’s Gem & Jewellery Export Promotion Council (GJEPC), aims to nurture next-gen jewellery design talent in India’s premier export hub. Mr. Dnyaneshwar Patil, Development Commissioner, SEEPZ-SEZ, graced

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Adil Kotwal Appointed as Chairman of GJSCI

Mumbai: Gem & Jewellery Skill Council of India (GJSCI) scheduled its Board Meeting yesterday at its registered office in SEEPZ, Mumbai. Mr. Sanjay Kothari the Chairman of GJSCI who was elected in October 2018, has completed his term making way for a new Chairman to be elected by the Board. Mr. Adil Kotwal, Managing Director, Creation Jewellery has been voted

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Gold Industry Commits to Responsibility & Sustainability Principles

Lisbon: The gold industry has come together, convened by LBMA and World Gold Council (WGC) to sign a Declaration of Responsibility and Sustainability Principles which formally expresses a shared commitment to operating in a responsible and sustainable way based on clear set of shared goals. The Declaration was announced at the LBMA/LPPM Global Precious Metals Conference, Lisbon on 18th October.

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Rio Tinto Unveils A$6 mln. Argyle Pink Diamonds Ring

Perth: Rio Tinto has unveiled its first significant Argyle Pink DiamondsTM jewellery piece since the closure of the iconic Argyle mine in Western Australia: the A$6 million Argyle RomanticaTM ring, handcrafted with 3.42 carats of rare pink, red and blue diamonds from the mine. The Argyle RomanticaTM is the first piece produced under the Argyle Pink Diamonds Icon PartnerTM program,

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Genelia Launches Bold New Pieces of Avaanti Collection

Mumbai: To add an extra spark to the festive season, De Beers Forevermark, the most trusted natural diamond brand, has launched three bold new designs from the Forevermark Avaanti Collection. Talented film star & entrepreneur Genelia Deshmukh unveiled the new designs at the one-year anniversary of the De Beers Forevermark Exclusive Boutique in Bandra. The Forevermark Avaanti Collection is crafted

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