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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CIBJO President Applauds Decision in United Kingdom

Milan: Mr. Gaetano Cavalieri, President of CIBJO, the World Jewellery Confederation, has described as “profoundly important” the agreement in the United Kingdom between the National Association of Jewellers (NAJ) and UK Trading Standards, a British government service working to ensure that consumers are protected from unfair trading, to provide the Diamond Terminology Guideline the status of Primary Authority Advice. Developed

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G&J Exports Ind. an Example of Aatmanirbhar Bharat

Mumbai: The Gem and Jewellery Export Promotion Council (GJEPC), the apex body for promotion of gems and jewellery exports has proposed several measures as part of recommendations to the Ministry of Finance for the upcoming Union Budget for the fiscal year 2021-22. The officials of GJEPC have met the Finance Minister and made their representations recently. Some of the major

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CIBJO Stresses Covid-Impact in Developing Nations

Milan: CIBJO, the World Jewellery Confederation participated in a special session of the United Nations (UN) General Assembly, which took place in New York on December 3 and 4, 2020, looking at the impacts of the COVID-19 pandemic on people, societies and economies, and discussing the multifaceted and coordinated response required to address the crisis. CIBJO was invited to participate

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India Invited to Invest in Diamond Mining in Angola

Mumbai: India Embassy in Angola, The Gem and Jewellery Export Promotion Council of India (GJEPC) and Angola-India Chamber of Commerce, jointly organised the India Global Connect – Angola on 3rd December 2020. This platform gave an opportunity for representatives from both the countries to share and understand how they can enhance their trade relation further. The Indian panellists included Srikar

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Platinum Innovation Awards at JCK 2014

Mumbai: Platinum Guild International (PGI) has once again served a spark of inspiration and excitement with their 5th annual JCK 2014 Platinum Innovation Awards. The winners were chosen for 8 unique design categories. An “Editor’s Choice” and “Buyer’s Choice” were selected in each design category, as well as “Best in Show” Award which was selected as a culmination of all

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Final of India Jewellery Skill Competition Held

Mumbai: Mr. Surojitrana H. from Coimbatore and Mr. Vinod Kumar C. from Bangalore were selected today in a final round of the India Jewellery Skill Competition held at the India International Jewellery Show (IIJS). The Competition is being held by the Gem & Jewellery Skill Council of India (GJSCI) to decide the country’s representative at the prestigious WorldSkills International Competition

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GJEPC Donates Rs One Crore to Make A Wish India

Mumbai: Gem and Jewellery Export Promotion Council (GJEPC) organized “Jewellers for Hope” charity dinner in association with GSI, yesterday in Mumbai. Leading bollywood celebrities Kajol, Boman Irani, Siddharth Roy Kapur graced the evening hosted by Raageshwari Sachdeva-Badola in the presence of the whose-who of the gems & jewellery trade. The “Jewellers for Hope” annual charity dinner is the first edition

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India Reduces Tariff Value on Gold

New Delhi: The India government recently reduced the import tariff value on gold to USD 425 per 10 grams due to falling international prices. On the other hand, the tariff value on silver was raised to USD 690 per kg. As on June 30, the tariff value on imported gold stood at USD 428 per 10 grams and silver at

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