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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Nirav Modi’s Judgement on 25th February

London: The Westminster Magistrates’ Court in London will give its judgement on 25th February whether diamantaire Nirav Modi would be sent to India to face the law in the Rs 13,000 crore-bank fraud case. On January 8, the UK court completed the hearing on extradition of Nirav Modi to India and set February 25 as next date to deliver its judgement. Nirav

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Consumer Trends & Industry Innovation by Paola

Mumbai: In one of the most riveting Knowledge Forum series organised by the GJEPC during IIJS Virtual 2.0, Paola de Luca, the founder of The Futurist Ltd, threw light on Consumer Trends & Industry Innovation, a relevant theme for our industry today. The session was hosted by Dolly Choudhary, Director, Promotions, Marketing & Business Development, GJEPC. Paola stressed upon the fact

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No New Burden on G&J Industry Under PMLA

Mumbai: The gem and jewellery trade may have collectively heaved a sigh of relief as Rohan Shah, one of the nation’s foremost legal minds, shed light on the impact of the 28th December, 2020 notification that brought the gems and jewellery sector under the ambit of the Prevention of Money Laundering Act (PMLA). In conversation with Mr. Colin Shah, Chairman

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IIJS Virtual 2 by GJEPC Inaugurated

250+ exhibitors and 8000+ registered buyers visiting the show. More than 15,000 meetings booked Dedicated 5 Halls each for Traditional Gold Jewellery; Gold Jewellery (Mass); Diamond/Colour Gemstone Jewellery; Couture/Bridal Jewellery; Loose colour Gemstone/Silver jewellery / Machinery & Allied. Mumbai: After the success of the first edition of India International Jewellery Show (IIJS) Virtual in October 2020, the Gem and Jewellery

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31st Edition of the IIJS Inaugurated

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) inaugurated the 31st Edition of India International Jewellery Show today at Bombay Exhibition Centre, Goregaon – the paramount show for the trade in Asia. The show is being organized from 17th to 21st July 2014 and will have 35000 visitors, over 850 plus exhibitors and 1800 booths from India and Overseas.

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De Beers Probe into Data Leak is Nearing End

Gaborone: DE BEERS Consolidated Mines (DBCM) is close to completing a probe into the leak of sensitive data about its pricing of rough diamonds and details of sales to South African clients, company CEO Philip Barton has said. There was a leak of the De Beers price book, which contains diamond valuation data and customer details and invoices in South

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Israeli Firms Offered Aid to Open Up in India

Tel Aviv: If you are an Israeli diamond company that has been considering opening up branches in one of both of the two most populous countries in the world, the conditions for you doing so have just ripened, according to the Israel Diamond Exchange (IDE). The Israel-Asia Chamber of Commerce announced that Israel’s Economy Ministry is willing to partially fund

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Rio Tinto’s Skill Development Plan at Bunder

Bhopal: Rio Tinto’s Bunder project has announced a unique driver training programme as part of a skills development plan for its diamond project in Madhya Pradesh. A special driver training program focusing on light vehicles has commenced with more than half the existing Bunder workforce eligible to apply. The programme, comprising theory and practical training, is being undertaken in partnership

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