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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Top News

Trump Pauses Tariff for 90 Days

Washington: The US President Donald Trump on yesterday announced a 90-day pause in reciprocal tariffs for trading partner countries that have not retaliated with higher levies on American goods — such as India — and further hiked the levy on China to 125% for hitting back. India has not retaliated to the 26% levy by Trump and has engaged the

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AWDC Welcomes European Decision not to Impose Import Tariffs

Antwerp: The Antwerp World Diamond Centre (AWDC), the industry organization representing all Belgian diamond companies, has expressed relief and satisfaction following the European Council’s decision not to impose import tariffs on polished diamonds originating from the United States, as part of its package of countermeasures in response to the U.S. tariffs imposed by President Trump. European import tariffs could have

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India Targets 500 Hallmarking Districts this Year

Mumbai: The Indian gems and jewellery industry witnessed a momentous occasion as Mr. Pralhad Joshi, Union Minister of Consumer Affairs, Food & Public Distribution, and Minister of New & Renewable Energy, graced the prestigious India Gem & Jewellery Show (GJS) at Jio World Convention Centre, Mumbai. The event also marked the 25th anniversary of hallmarking of gold in India, a

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TV Anchors Sparkle with Natural Diamonds

Mumbai: As cricket fever sweeps the nation, India’s leading women cricket anchors are taking centre-stage from the pitch to the spotlight —accessorized with the brilliance of natural diamonds. From the pitch to the studio, these presenters are bringing a touch of glamour to the game, enhancing the energy and elegance of the cricketing experience. De Beers Group has partnered with JioHotstar and Star Sports for the

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GJEPC Gets Govt. Support to Boost Exports

Mumbai: In an exclusive interactive session organised by the Gem and jewellery Export promotion council (GJEPC), Mr. B V R Subrahmanyam, Commerce Secretary, MOC & I , Govt of India spoke to the gem and jewellery exporters on 4th September in Mumbai. The session was also attended by Mr. Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry; Mr. Colin

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6th Mubri Annual Meeting Ended Successfully

New York: The Sixth Annual Mubri Meeting took place virtually from September 2nd to 4th, which brought together members from different countries, attending conferences with a wide range of topics on business, social responsibility, sustainability and sales strategies. Important names in the international sector shared new insights and updates on the industry after a challenging 2020 and first half of 2021. Parallel

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2021 CIBJO Congress to Take Place Virtually

Milan: CIBJO, the World Jewellery Confederation, will hold its 2021 annual congress virtually during the first and third weeks of November, from Monday, November 1 through Thursday, November 4, and then from Monday, November 15 through Thursday, November 18. The congress will be conducted on the new Zoom Events platform, which allows congress delegates to mingle and interact in a

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GJEPC Presented IGJ 2019 Awards

Surat: The Gem and Jewellery Export Promotion Council (GJEPC) hosted the 46th India Gem and Jewellery Awards (IGJA), supported by GIA in India’s Diamond City, Surat. The award ceremony was inaugurated by Honourable Chief Minister of Gujarat, Shri Vijay Rupani alongside Guest of Honour, Shri C.R. Patil, Member of Parliament, GOI and Special Guest, Shri Kumar Kanani, Minister for Health & Family

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