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
This Ugadi, Greet the New Year with Platinum Jewellery
Mumbai: “Ugadi” is a significant Hindu festival that marks the beginning of a new year, and it has its roots in the ancient Sanskrit language. The word “Ugadi” is derived from the combination of two Sanskrit words, “yuga” and “adi,” which symbolize the start of a new era. The festival is celebrated with immense joy and devotion, primarily in the
Tritiya Set to Do Business of Rs. 20000 Crore: Nirav Bhansali
Mumbai: IIJS Tritiya, the third exhibition under the IIJS banner, will make its debut at the Bangalore International Exhibition Centre (BIEC) in Bengaluru from 17th to 20th March 2023 – a month prior to Akshaya Tritiya, the auspicious gold jewellery-buying festival. Southern India is an under-explored jewellery market for B2B manufacturers. So when GJEPC organized IIJS Premiere show in Bangalore,
DMCC to Host First Ever LGD Symposium in July
Dubai: DMCC will host the inaugural Lab-Grown Diamond (LGD) Symposium in Dubai. Set to take place on 10th July 2023, the symposium is seen as a timely and world-first opportunity to benchmark this nascent technology-driven industry’s unique challenges and remove barriers to growth. DMCC will convene global leaders in the lab-grown and technology space, including industry, retailers, financial institutions, governmental
India’s G&J Exports Make Strong Recovery in Feb
Mumbai: India’s gem and jewellery (G&J) exports witnessed a resurgence in February, buoyed by the swift recovery of both the Chinese and Middle East markets. In February 2023, the overall gem & jewellery exports witnessed a surge of 24% to ₹28832.86 crores as compared to ₹23326.80 crores for the same period last year. In February 2023, the overall gross export
PGI CEO Huw Daniel to Retire
New York: Platinum Guild International (PGI), the jewellery industry’s authority on the world’s most precious metal, has announced that its longtime chief executive, Huw Daniel, will retire at the end of March, after twenty one years with the organization. Originally from Wales, Mr. Daniel spent a large portion of his career in advertising, working in both Europe and Asia, for
Artisan Awards 2024 on 12-13 Feb
Mumbai: Come and fall in love with Design once again this Valentine’s Day! The Year’s biggest Wearable Artworks & Crafts Design Fest will be celebrated at The Gem & Jewellery Export Promotion Council’s Artisan Design Jewellery Awards 2024 on 12-13 February at the Ice Factory, Ballard Estate in South Mumbai. Among many design themes, ‘Jewellery as Art’ will take centre-stage
GJEPC Welcomes Interim Budget
New Delhi: India’s Finance Minister (FM) Ms. Nirmala Sitharaman yesterday presented Union Budget 2024 in Parliament. This is an interim budget as it came just ahead of the General Elections. No changes were announced in the tax slabs in both old and new regime. This was Nirmala Sitharaman’s sixth Union Budget. The full-fledged budget will be presented by the new government that
India’s Gold Demand in 2023 Declined by 3%
Mumbai: The World Gold Council’s (WGC) Gold Demand Trends report reveals that annual gold demand (excluding OTC) fell to 4,448t in 2023, down just 5% from a notably strong 2022. When factoring in demand from the OTC markets and other sources, total demand climbed to a new annual record at 4,899t. Investment from this more opaque source of demand supported
