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

7th GJS Concluded Successfully

Mumbai: The All India Gem and Jewellery Domestic Council (GJC) proudly concluded the 7th edition of its flagship event, the India Gem and Jewellery Show (GJS), held from 4th to 7th April, 2025 at the prestigious Jio World Convention Centre, Mumbai. Branded as #HamaraApnaShow, GJS April 2025 which brought together industry leaders, renowned jewellers, and stakeholders from across the globe to celebrate

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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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Vaishali Banerjee Writes Exclusively for G2J

Mumbai: Ms. Vaishali Banerjee, Country Manager, Platinum Guild India (PGI) has accepted our invite to pen an article for gems2jewellery.com about the performance and outlook of platinum in India. She says, “The market has grown 10 times in the last six years and platinum continues to remain an important part of the retailers and manufacturers business development strategy. Platinum Day

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Shmuel Schnitzer Elected Chairman of IDI

Ramat Gan: Shmuel Schnitzer, who recently completed his term as President of the Israel Diamond Exchange (IDE), was elected yesterday as Chairman of the Israel Diamond Institute Group of Companies (IDI). He replaces Moti Ganz, who completed three terms as Chairman of IDI. Schnitzer first served from 1998 – 2004 as President of the Israel Diamond Exchange and was later

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AWDC to Focus on Financial Innovation

Antwerp: The diamond trade around the world is under duress. Antwerp, the most important international trade center, did not escape the year unscathed, but was the best performer. This past year, 48.3 billion USD worth of diamonds were imported to and exported from Antwerp. The world’s diamond trade is currently under duress, with a global decline in sales across the

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JNA Awards Reveals 2016 Judging Criteria

Hong Kong: The judging criteria for the fifth edition of the annual JNA Awards have been finalized. Online registration has also been opened to give interested companies and individuals from the jewellery and gemstone industry more time to review the entry rules and criteria before the submission period begins in early March. The JNA Awards, organized by JNA, has been

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