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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
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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GJEPC Urges RBI to Ease Banking Norms to Boost G&J Exports
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to strengthen the competitiveness of India’s gem and jewellery (G&J) exports. The Council’s recommendations focus on improving exporters’ access to working capital, reducing compliance bottlenecks, streamlining banking procedures and creating a more facilitative regulatory
GJEPC Highlights Key Policy Priorities at Meeting with CIM
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) highlighted the industry’s key policy priorities during a meeting chaired by Mr. Piyush Goyal, the Union Minister of Commerce & Industry, with Export Promotion Councils (EPCs) and industry associations in New Delhi on 24 June to review the Export Promotion Mission (EPM). Ashish Borda, Convenor – PMBD, GJEPC, and Sabyasachi
Thangamayil Jewellery, Receives IAGES Accreditation
Madurai: Gold buyers in Tamil Nadu can now purchase their favourite precious metal with complete trust and transparency from Thangamayil Jewellery Limited (TMJL), one of the most recognized chain of jewellery stores in the state. TMJL has officially received its IAGES accreditation, further cementing its commitment to serve its consumers in the most ethical, responsible and sustainable manner. The Indian
Russia to Levy 8% Duty on Rough from Sep.
Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had
CIBJO Releases Responsible Sourcing Special Report
Milan: With fewer than nine weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the second of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Responsible Sourcing Commission, headed by Philip Olden, the report provides an overview of the first Responsible Sourcing Blue Book, which was approved in January of
GJEPC Welcomes Exports Incentives by Government
Mumbai: Gem & Jewellery Export Promotion Council, the apex body of the industry in India has been representing G & J Sector Policy concerns and issues to the Govt. with an objective to give impetus to exports from the country. In a recently held Board of Trade meeting on 12th September, GJEPC Chairman Mr. Pramod Agrawal had urged several key policy recommendations to
India Design Gallery at Hong Kong Jewellery Show
Mumbai: The leading jewellery event in Asia Pacific, Hong Kong Jewellery and Gem Fair 2019 will witness India Pavilion organized by Gem & Jewellery Export Promotion Council (GJEPC). This year, 99 gem and jewellery exporters participating at the “India Pavilion” will be showcasing a wide variety of trendy, unique and innovative jewellery made especially for the Asian market. The India Pavilion is located at Hall 11
Rio Tinto Showcases Finest Pink&Red Diamonds in Asia
Singapore: Rio Tinto’s iconic Argyle Pink Diamonds Tender is being showcased in Singapore to connoisseurs and collectors from across Asia. Headlining the 2019 collection of 64 pink and red diamonds is Lot 1: Argyle Enigma™,1.75 carat modified radiant Fancy Red diamond. With an unrivalled potency of colour The Argyle Enigma™ is one of three Fancy red diamonds in the collection
