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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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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National Task Force Formed on Hallmarking

New Delhi: The National Task force was formed out of 350 Associations / Federations representing East, West, central, North and South zones of the entire Gems & Jewellery Industry.  The objective of this committee is to ensure a smooth implementation of mandatory hallmarking across the country. Honourable Minister of Consumer Affairs, Mr. Piyush Goyal, virtually met the industry on 24th May

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Vaccination Camp for Daily Wage Diamond Assorters

Mumbai: The ‘Chuttak’ Assorters are the ‘daily wage’ community who play an important role in the Diamond trade. While Bharat Diamond Bourse (BDB) has been successful in providing vaccination facility to fight COVID 19 to all its members as well as Gem and Jewellery Industry members from outside the complex, the bourse committee has gone ahead and decided to vaccinate

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6th Mubri World Meeting : Together We Shine More

Mumbai: In 2020 Mubri International Jeweler´s Association became the Jewelers Association with the highest number of members worldwide. In 2021, despite the economic challenges in the world and in the sector, the initiative remains stronger Mubri started the journey in 2016 primarily supporting the advancement and professional development of women. In 2019, after the Association’s rapid growth, men began to

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IIJS Premiere to be Organized in Bengaluru this Year

Mumbai: The Gem & Jewellery Export Promotion Council’s (GJEPC) flagship trade show, the India International Jewellery Show (IIJS) Premiere 2021, is being organised in physical form for the first time after the onset of the COVID-19 pandemic – from September 15 to 19, 2021. It will also be the first time that the show will be held outside Mumbai, in Bengaluru at the Bangalore

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GSI Issues India’s First Pigeon Blood Reports

Jaipur: Gemological Science International (GSI), one of the world’s largest gemological organizations, has begun issuing colored stone reports carrying recognized color trade names — Pigeon Blood for ruby, Royal Blue and Padparadscha for sapphire — in Jaipur and Mumbai. It is the first time such reports have been issued in India. The designations are granted only to untreated stones. Heated, diffused or otherwise enhanced material is

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Sky Gold Enters MSCI India Domestic Small Cap Index

Mumbai: Sky Gold & Diamonds Ltd, one of India’s fast-growing jewellery manufacturers, has been added to the MSCI India Domestic Small Cap Index, as part of the latest index review announced by MSCI. The inclusion marks an important milestone for Sky Gold, reflecting the company’s growing presence and relevance within India’s listed small-cap universe. A key development during the current quarter

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CIBJO Pays Tribute to Vasant Mehta

Milan: The World Jewellery Confederation (CIBJO) mourns the passing of Vasant Mehta, a prominent leader of the Indian diamond and jewellery industry, who passed away yesterday at the age 81. A former chairman of the Gem & Jewellery Export Promotion Council (GJEPC), a position he filled from 2008 to 2010 after two terms as vice chairman, he represented the Indian

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Vasant Mehta, Illustrious Leader of G&J Industry Dies

Mumbai: The Indian gem and jewellery industry has lost one of its most respected statesmen. Vasant Mehta, former Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), passed away today, leaving behind a remarkable legacy built over several decades of dedicated service to the industry. A second-generation diamantaire, Mehta graduated from Calcutta University and moved to Mumbai in 1966,

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