We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
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
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
Top News
GJEPC Opens New Office at Zaveri Bazar, Mumbai
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), the leading authority in India’s gem and jewellery trade, inaugurated its second office on 1st November, located at Zaveri Bazaar, Mumbai. The opening ceremony was graced by Dr. Harshdeep Kamble, IAS, Principal Secretary of Industries for the Government of Maharashtra, along with Mr. Vipul Shah, Chairman, GJEPC, Mr. Kirit Bhansali, Vice Chairman,
Land Allocated for Worker Housing Near IJPM
Mumbai: Maharashtra’s Minister of Industry Mr. Uday Samant during his visit to GJEPC and Bharat Diamond Bourse (BDB) announced that the State has taken a decision to allocate additional land adjacent to the Park for India Jewellery Park workers’ residence. India’s first-ever Jewellery Park in MHAPE (Navi Mumbai), spread over 21 acres is expected to create one lakh new jobs. Mr.
IDE to Hold Special Sales Event in NY with DDC
Ramat Gan: The Israel Diamond Exchange (IDE) has announced that it will hold a special sales event in New York, in collaboration with the New York Diamond Dealers Club, under the headline STAND WITH ISRAEL. The event will be held from November 27 – 30, 2023, on the new trading floor of the DDC. Due to the war with Gaza, the Israeli
Exclusive Ukrainian Jewellery at GemGenève
Geneva: For the fourth time in a row, the Strong & Precious Art Foundation (S&P) showcases emerging Ukrainian jewelry brands at GemGenève, a small but prestigious biennial gemstone and high-end jewelry exhibition held in Geneva, Switzerland. At GemGenève’s upcoming edition, of November 2 -5, 2023, S&P’s lineup includes jewelry brands Nomis, Drutis Jewellery, Yuval Studios, Inesa Kovalova, and Zhernov Artifactory, all of which participated in previous editions of
Registration for CIBJO Congress 2024 Opens
Milan: Registration for the 2024 congress of the World Jewellery Confederation (CIBJO) is now open. Delegates and other participants may register for the congress via a dedicated congress website located at: www.cibjo.org/congress-2024/. CIBJO’s 2023 annual congress will take place in Shanghai, China’s financial centre and the gateway to what is today the world’s largest jewellery market, from November 2 to
DGFT Revises Wastage Norms for G&J Exports
Mumbai: On behalf of the industry, the Gem & Jewellery Export Promotion Council (GJEPC) extends its heartfelt appreciation to the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry for their recent decision to put in abeyance the changes in maximum permissible wastage norms for gold, platinum, and silver content in jewellery exports. In a virtual meeting called
IIJS Prime Assure Sets New Record
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has announced the successful closure of stall applications for IIJS Prime Assure. An impressive 2200+ companies have applied for over 14,500 stalls. Mr. Vipul Shah, Chairman of GJEPC, expressed his gratitude, saying, “We extend our heartfelt thanks to our members for their steadfast support! The overwhelming response highlights the trust and
AWDC Pleas for Multiple Rough Verification Points outside EU
Antwerp: The spokesperson of Antwerp World Diamond Centre (AWDC) has issued a statement as below: “We strive for a transparent and sustainable diamond industry worldwide and we put the utmost importance to the highest ethical standards. This has been our position for years and will be for a long time to come, it is inherently linked to our DNA. We
