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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KP Plenary 2021 to be Held in Hybrid Format

Moscow: The Kimberley Process (KP) Plenary meeting from 8th-12th November 2021 will have a hybrid format, according to the Russian Federation, the current KP Chair. The Plenary will take place both online and in-person – for those who will be able to visit Moscow (subject to national Covid-19 restrictions and quarantine rules applied when entering Russia). Russia’s Ministry of Finance

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Networking Dinner at IIJS Premiere

Bengaluru: The India International Jewellery Show (IIJS Premiere) 2021 recently concluded with a great success note. The show which is a primary platform for Indian jewellery manufacturers, hosted the industry’s biggest gathering of domestic and overseas buyers and retailers, enabling them with key insights into changing demand trends along with versatile jewellery crafted with highest standards of design and finish. The

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Piyush Goyal Exhorts Industry to be more Atmanirbhar

Bangalore: India’s Gem & Jewellery Export Promotion Council (GJEPC) organised an interactive session during IIJS Premiere 2021, one of Asia’s leading Gem & Jewellery trade exhibitions, in Bangalore. The conference was graced by the presence of Mr. Piyush Goyal, Hon’ble Minister for Commerce & Industry, Textile, Consumer Affairs, Food and Public Distribution, Govt of India along with Mr. Colin Shah,

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Karnataka Welcomes IIJS Premiere with Open Arms

Bengaluru: The Gem & Jewellery Export Promotion Council (GJEPC) kick-started the IIJS Premiere 2021, one of Asia’s leading Gem & Jewellery trade exhibitions, in Bangalore on 15th September. The inauguration ceremony was attended by Mrs. Anupriya Patel, Hon’ble Minister of State for Commerce & Industry, Ministry of Commerce & Industry (through video conference); Mr. Murugesh Nirani, Hon’ble Minister of Large

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