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
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India-Lebanon Aim for Increased Synergy in G&J Trade
Mumbai: The Indian Embassy in Lebanon and the Gem & Jewellery Export Promotion Council (GJEPC) jointly organized the ‘India Global Connect’ e-meeting on 4th January 2022. While Lebanon has a rich history of jewellery manufacturing and its products are popular across the Gulf and Middle East region, the country relies on imports for 80% of its raw materials. The Global
Padma Shri Awardee Savjibhai Dholakia Felicitated
Mumbai: At a glittering function held by The Gem & Jewellery Export Promotion Council (GJEPC) and Bharat Diamond Bourse (BDB), at the Sofitel Hotel, Mumbai, on 1st February 2022, diamantaire, entrepreneur and philanthropist Savjibhai Dholakia, Founder Chairman, Hari Krishna Exports, a diamond manufacturing and exporting company, was felicitated amidst an august gathering of industry leaders for being conferred with Padma Shri Award
GJEPC’s Foreign Trade Policy Recommendations
The Indian gem and jewellery sector has been contributing in a big way to the country’s economy with 4.3 million people employed in the sector, and annual exports of around USD 40 billion. The government has viewed this sector as a thrust area for export promotion. Mr. Colin Shah, chairman of GJEPC said, “There has been an ongoing, relentless and
India Jewellery Park Mumbai: Invest For a Bright Future
Mumbai: India Jewellery Park Mumbai (IJPM) is a Special Purpose Vehicle (SPV) and wholly-owned subsidiary of the Gem & Jewellery Export Promotion Council (GJEPC). The objective of IJPM is to develop, promote and operate a Jewellery Park in Mumbai – to continue driving India’s export led-growth and improve the quantity and quality of gems and jewellery produced in India. IJPM
Stéphane Fischler Re-Elected President of AWDC
Antwerp: On Wednesday June 25, during the first meeting of the new Board of Directors of the Antwerp World Diamond Centre (AWDC) the Board members reelected Stéphane Fischler as President of the AWDC. The Board of Directors also appointed Kaushik Mehta as Vice-President, representing the trade, and Freddy Inzlicht as Vice-President representing the Bourses. In 2012, the by-laws of the
No Assurance from India on Easing Gold Curbs
Mumbai: A delegation of diamond traders and representatives of Gems and Jewellery Export Promotion Council (GJEPC) met the Union Finance Minister, Arun Jaitley recently, demanding relaxation in various rules relating to gems and jewellery industry. The Finance Minister, however, remained reluctant to give any assurance on the existing gold import’s 80-20 rule, which allows only nominated agencies to import gold
Zimbabwe Running Diamond Sector like ‘Mafia’
Harare: Zimbabwean opposition politician Innocent Gonese has said that Zimbabwe’s ruling Zanu PF party needs to stop running the country’s diamond sector “like a mafia where everyone involved in the management of the gems is a thief.” The comments were made at a public forum organized by the Southern African Political and Economic Series (SAPES Trust) in Mutare, reported the
DGCX to Launch Spot Gold Contract
Dubai: Dubai Gold and Commodities Exchange (DGCX), a financial and commodity derivatives exchange is getting ready to launch a spot gold contract and a number of commodities, equity and currency derivative contracts between now and the end of the year, said Gary Anderson, CEO of DGCX in an interview with Gulf News. The exchange primarily focused on derivatives is all
