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

Read More »

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

Read More »

Top News

New Collaboration for KGJF 2024

Kolkata: Informa Markets is excited to announce a significant collaboration with the Calcutta Gem & Jewellery Welfare Association (CG&JWA) for the upcoming Kolkata Jewellery & Gem Fair 2024 (KJGF). This partnership represents a dynamic fusion of global expertise and local industry knowledge, aimed at delivering an exceptional event for the jewellery and gemstone sectors. The Kolkata Jewellery & Gem Fair

Read More »

CIBJO Special Report on Precious Metals

Milan: As the countdown to the 2024 CIBJO Congress in Shanghai continues, the third pre-Congress Special Report has been released. Prepared by the CIBJO Precious Metals Commission headed by Vaishali Banerjee, Managing Director of PGI India, the report offers a comprehensive analysis of the gold, platinum, palladium, and silver markets over the past year. The group of precious metals showed

Read More »

India’s Imports of Russian Diamonds Increased

New Delhi: India’s imports of Russian diamonds have increased during January-June 2024 by 22% year-on-year to 4.1 million carats, according to the official data of the Indian Ministry of Commerce and Industry. In June, Russian exports amounted to 347,620 carats, which is almost 32% more than in June last year. In six months, most of the supplies, about 77%, accounted

Read More »

Gems Keep Giving Relaunches with New Board

New York: Gems Keep Giving (GKG), an International Colored Gemstone (ICA) industry initiative that supports communities in artisanal colored gemstone mining and cutting communities, has recently reorganized, appointing a new board and Chair. Securing its stature as an independent, not-for-profit (501-C3) charitable organization, Gems Keep Giving newly elected Board members are Hayley Henning (Chair), Damien Cody, Clement Sabbagh, Ruth Benjamin-Thomas, Brian

Read More »

GJEPC Hosted 8th Edition of Jewellers for Hope

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) hosted the 8th edition of its esteemed charity dinner, ‘Jewellers for Hope,’ at a glittering event attended by industry leaders and philanthropists. Backed by lead partner – De Beers; Associate Partner – World Gold Council; and powered by GIA; the ‘Jewellers for Hope’ charity event once again garnered overwhelming support from

Read More »

IIJS Premiere Set to Generate Business of Rs. 60,000 Crores

Mumbai: The much-awaited 39th edition of IIJS Premiere 2023, organized by the Gem & Jewellery Export Promotion Council (GJEPC), kick-starts today in Mumbai. This prestigious event brings together the gems and jewellery industry for an extraordinary showcase of excellence, innovation, and sustainability. IIJS Premiere 2023 promises to be the largest gathering of domestic and international buyers, offering Indian jewellery manufacturers

Read More »

India’s Gold Demand Down by 7% in Q2 ’23

Mumbai: The World Gold Council’s latest Gold Demand Trends report reveals that gold benefited from record central bank buying in the first half of the year and was supported by healthy investment markets and resilient jewellery demand. Gold demand (excluding OTC) dropped by 2% y/y to 921t during Q2, although total demand (inclusive of OTC) was up 7% y/y, pointing

Read More »

1st Pre-CIBJO Congress ’23 Sp. Report Released

Milan: With fewer than 10 weeks to go to the opening of the 2023 CIBJO Congress in Jaipur, India, on October 3, 2023, the first of the pre-congress Special Reports has been released. Prepared by the CIBJO Marketing and Education Commission, headed by Jonathan Kendall, it reviews the changes that have taken place in the way jewellery is marketed, and

Read More »

Latest Videos