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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Forevermark Unveils Two Exclusive Solitaire Rings

Mumbai: For all brides and grooms to-be, there is nothing more romantic in the run-up to their wedding than the glint of a sparkling diamond solitaire ring that tells the world their iconic love story. To give couples a chance to seal this once-in-a-lifetime promise of a lifelong commitment this wedding season, Forevermark has especially unveiled two exclusive solitaire rings

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GJEPC Represents Budget Recommendations to FM

Mumbai: In an online meeting convened by Hon’ble Finance Minister Mrs. Nirmala Sitharaman for union budget recommendations, India’s Gem and Jewellery Export Promotion Council (GJEPC) represented the budget recommendations for the gem and jewellery sector for union budget 2021. Thanking the Govt. for its constant support to the industry received during the pandemic and over the years to make the

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GJEPC Postpones IIJS Premiere to August 2021

Mumbai: GJEPC’s flagship show IIJS Premiere which takes place every year in the month of August had to be postponed to January 2021 due to the Coronavirus pandemic. However, since there is no clarity on when a show of this magnitude can be organised physically in the near future, GJEPC has decided to further postpone IIJS Premiere to August 2021. Mr.

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Platinum Evara's Latest Collection for Women

Mumbai: Billions of years ago a meteorite crash left behind remnants of precious white metal – ‘Platinum’! Born of the stars, platinum is found in extremely limited quantities on Earth and is 30 times rarer than gold, adding a whole new dimension of exclusivity to this precious metal. Rarity, strength, endurance are key attributes that this metal is known for

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Silver Price to be Set by New System

London: The London silver price mechanism will now be set via an electronic, auction-based mechanism administrated by CME Group and Thomson Reuters, according to a statement from the London Bullion Market Association. The new mechanism was chosen because it is electronic, “auction-based and auditable and tradable with an increased number of direct participants,” the LBMA said in a statement. CME

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De Beers Boosts Q2 Diamond Output

Gaborone: De Beers increased its output 7 percent year on year to 8.515 million carats in the second quarter of the year. The group was targeting an output of between 30 million and 32 million carats this year. Anglo American, which owns 85 percent of the diamond group, said in a statement that the increase was mainly due to higher

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GJEPC Launches 'Jewellers for Hope' Campaign

Mumbai: For the first time, the Gems and Jewellery Export Promotion Council (GJEPC) has initiated its first edition of ‘Jewellers for Hope’ campaign, a CSR activity with an objective to build a CSR fund that will be used to support various social causes. A charity dinner has been hosted by the GJEPC in Mumbai’s Grand Hyatt on Friday for the

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Sonam Kapoor Walks on Ramp to End IIJW

Mumbai: The 5th edition of 4-day India International Jewellery Week (IIJW) ended with a grand finale wherein Best of the Best Collections were displayed by gorgeous models. The ramp was set on fire when Brand Ambassador of Gem & Jewellery Export Promotion Council (GJEPC) and cute Bollywood actress Sonam Kapoor walked at the grand finale of the IIJW 2014 held

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