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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India-Thailand Ink MoUs to Boost G&J Trade 

Bangkok: A high-level delegation of 18 members from the Gem and Jewellery Export Promotion Council (GJEPC), Jewellers Association Jaipur, and Sitapura Gems and Jewellery Industry Association visited Thailand from 22nd to 24th February 2025 to explore collaborative opportunities in the sector, reflecting a unified effort to strengthen trade ties between India and Thailand. The most significant highlight of the delegation

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Momentum is Gearing up for IIJS Tritiya

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is gearing up for the upcoming IIJS Tritiya 2025, scheduled to take place from 21-24 March 2025, at the Bengaluru International Exhibition Centre (BIEC). The excitement surrounding the event is palpable, with stall allotment currently underway at the Bharat Ratnam Mega CFC, in Seepz, Mumbai. The IIJS Tritiya 2025 edition, now

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AWDC Welcomes Postponement of Mandatory Traceability

Antwerp: Antwerp World Diamond Centre (AWDC), the industry organization representing the interests of Belgian diamond companies, has welcomed the provisions of the 16th sanctions package against Russia, announced recently by the G7. AWDC considers the postponement of the deadline for the mandatory implementation of a traceability mechanism for diamonds to January 1, 2026, an important signal, as it grants diamond

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Argyle Pink Diamonds Partners with West Australian Ballet

Mumbai: Argyle Pink Diamonds has forged a collaboration with the West Australian Ballet, Australia’s oldest ballet company, to establish the Rare Gem partnership. This initiative will fund a 12-month scholarship within the prestigious Young Artists Program, providing emerging ballet dancers with invaluable stage experience, mentorship, and preparation for a professional career. Lauren Major, Executive Director of West Australian Ballet, expressed

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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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