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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GJEPC Signs MOU with Yes Bank

Mumbai: In a first of its kind collaboration, Yes Bank has signed an MoU with India’s Gem and Jewellery Export Promotion Council (GJEPC) to support the gem and jewellery industry. Mr. Colin Shah, Chairman, GJEPC and Mr. Avinash Chandra, Executive Vice President – Knowledge Banking Unit, Yes Bank singed the MoU in the presence of Mr. Ashok Gajera, Regional Chairman,

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GJEPC to Debut e-IGJS, Exclusive Export-oriented Show

Mumbai: After successful and accomplished IIJS Virtual and several Virtual Buyers-Seller Meets, which offered a much-needed opportunity for buyers and exhibitors to connect and transact business during this pandemic, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all geared up to organise its first ever export-oriented show only for international buyers, the International Gem & Jewellery Show (e-IGJS) in

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IIJS Virtual 2 for Machinery & Allied Companies

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) had organised the 1st edition of IIJS Virtual 2020 in October 2020 which garnered huge success from participants and visitors too. Based on this success the Organisation also received request from machinery & allied companies to be part of the next edition of IIJS Virtual. GJEPC is happy to announce the second edition of “IIJS

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UNI & EZcalc Hold Inaugural White Diamond Tender

Ramat Gan: With the end-of-year holiday shopping season now officially underway, UNI and EZcalc have announced their inaugural White Diamond Tender, which will take place December 10 to 14, 2020, and following that become a regular weekly event. On offer will be hand-selected, high-quality polished diamonds of unusual value, exclusively being made available for the sale. “White Diamond Tenders are

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Wesley Tucker to step down as CEO of Tracr

De Beers Group has announced that Wesley Tucker will step down from his role as Chief Executive Officer of Tracr and leave the business at the end of February 2026. Wesley joined De Beers Group in April 2021 as Head of Digital Transformation before taking on the role of CEO of Tracr, the blockchain technology platform and diamond traceability business

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GJC Requests Formation of Gujarat State Level Vigilance Committee

Ahmedabad: The All India Gem and Jewellery Domestic Council (GJC) yesterday informed that it had formally requested the Government of Gujarat to establish a State Level Vigilance Committee dedicated to protecting the interests of jewellers across the state. A high-level delegation from GJC, led by Chairman Mr. Rajesh Rokde, Vice Chairman Mr. Avinash Gupta, Director Mr. Salim Daginawala, ZCM Mr. Avi Shah,

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Before You Buy Gold, Follow the Golden Rule

Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization established by and for the Indian gold industry, has unveiled an exciting new campaign #PehlaCheckIAGES to elevate gold industry standards across the country. The IAGES framework of accreditation was formed with a vision to set the highest standards of integrity and excellence across the entire gold value

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De Beers & GJEPC Leaders Discuss Market Challenges

Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, met the GJEPC leadership at the Bharat Diamond Bourse in Mumbai on 28 November. Rowley was joined by Sean Lin, VP Sales, De Beers Group, and Sunil Dias, Diamond Consultant, De Beers. The De Beers officials were received by GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice

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