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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De Beers Consolidates Leadership of Jewellery Houses

London: De Beers Group yesterday announced that Nancy Liu, CEO of De Beers Forevermark, has decided to leave the business and Céline Assimon, currently CEO of De Beers Jewellers, will expand her role to lead both jewellery houses. In her expanded capacity Céline will continue to report to Stephen Lussier, Chairman of both jewellery houses, and will shape a coordinated

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GJEPC Bestows Artisan Awards 2021

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) concluded the 4th edition of The Artisan Awards, India’s premier jewellery design competition, on July 20 at Hotel Four Seasons in Mumbai. Designers from India and overseas participated in the competition to showcase excellence and innovation in jewellery design. The Artisan Awards celebrates the highest levels of artistry through world-class pieces exhibited by designers. The

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GJEPC Launches Its New Brand Identity

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex body for the Gem & Jewellery Trade in India introduced their new identity today. The vision is to position India as a unique destination for gems and jewellery. Mr. Colin Shah, Chairman, GJEPC said, “The Gem & Jewellery Export Promotion Council (GJEPC) is a forward-thinking, all-inclusive association that believes in

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Covid Vaccination Drive for Artisans of Diamond Ind.

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) along with Gem & Jewellery National Relief Foundation (GJNRF) and World Federation of Diamond Bourses (WFDB) organised a free vaccination drive for the artisans of the diamond industry on 19th July 2021. The program was inaugurated by chief guest Mr. Vinod Ghosalkar, Chairman of Mumbai Building Repair and Reconstruction Board; Mr. Sanjay Kothari,

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JGA 2026 Opened in Hong Kong

Hong Kong: Nearly 1,100 exhibitors from around 30 countries and regions have gathered at the Hong Kong Convention & Exhibition Centre to showcase their latest collections to international buyers at Jewellery & Gem ASIA Hong Kong (JGA) 2026, which runs until Sunday, June 21, 2026. Organised by Informa Markets Jewellery, Asia’s No.1 mid-year B2B jewellery buying destination brings together two co-located

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IFSCA Permits GJEPC RCMC Holders to Import Gold, Silver Through IIBX

Mumbai: The International Financial Services Centres Authority (IFSCA), the unified regulator overseeing financial activities in GIFT City, has accepted key recommendations made by the Gem & Jewellery Export Promotion Council (GJEPC), allowing holders of a valid Registration-cum-Membership Certificate (RCMC) to access bullion imports through the India International Bullion Exchange (IIBX). Under a revised circular issued on 15 June 2026, valid

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A Webinar on IIBX Gold Supply Mechanism

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IIBX, is organizing a webinar on “IIBX Gold Supply Mechanism for GJEPC Members and SEZ Units” on 19th June 2026 to provide insights into the gold procurement framework through the India International Bullion Exchange (IIBX). The webinar is scheduled from 3 pm onwards. Mr. Ashok Kumar Gautam, MD

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Central Banks Set to Step up Gold Buying over the Next Year

London: The World Gold Council’s (WGC) annual Central Banks Gold Reserves Survey reveals that 89% of reserve managers expect global central bank gold holdings to continue increasing over the next 12 months. With gold recently overtaking US government bonds as the top reserve asset, the findings point to continued momentum in central bank demand for gold. That confidence is also

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