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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Augmont-Gold for All to Expand Business in Hyderabad

Mumbai: Augmont Gold For All, India’s retail Gold Platform, has successfully forayed into the Sell Old Gold business to enable in simplifying the process and to offer its customers assistance in all things related to selling old gold. The brand has chosen Hyderabad market as its second touch point for the Sell Old Gold process. All set to be launched

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GIFT City Nominated to Import 200 Tonnes Gold

Gandhinagar: Mr. Piyush Goyal who had visited GIFT City at Gandhinagar and interacted with officials on Saturday morning said the imported gold will be distributed from GIFT City to other parts of the country. GIFT City will be nominated as an agency to import 200 tonnes of gold from the United Arab Emirates (UAE) under the recently signed Free Trade

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Israel’s Polished Diamond Exports Rose 25% in first 3Q

Ramat Gan: Israel’s diamond trade in the first three quarters of 2022 showed positive growth in polished diamond exports and imports, with only a slight rise in rough diamond exports and imports. According to figures released by the Diamond Controller of the Israel Ministry of Economy and Industry, in the first three quarters of the year, Israel’s net polished exports

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WGC Launches New Campaign to Attract Youth

Mumbai: The World Gold Council (WGC) has launched a new look ‘You are gold’ campaign in partnership with Gem & Jewellery Export Promotion Council (GJEPC) to increase awareness, relevance and adoption of gold jewellery amongst young Indian women. The latest ‘You are gold’ campaign aims to inspire young women to express themselves. The ad film showcases a montage of young

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