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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PGI India Launches New ‘Men of Platinum’ Collection

Mumbai: The year 2020 has been a year of unprecedented chaos and turmoil. These tough times have witnessed men in various walks of life be it business leaders, political leaders, husbands, fathers and entrepreneurs who stood by their values, making those inconvenient choices when faced with a crisis, and they still continue to do so. The latest collection by Platinum

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GJEPC Initiates Closer Indo-Swiss Business Ties

Mumbai: The Embassy of India (Berne), Gem and Jewellery Export Promotion Council (GJEPC) and the Swiss-India Chamber of Commerce, Zurich, jointly organised the India Global Connect on 26th November, 2020 to explore and identify new business opportunities with leading jewellery retailers and wholesalers in Switzerland. The program aimed to connect 11 Indian top companies with eight Swiss brands. Mr. Suresh

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1st Diamond Studded Jewellery VBSM Inaugurated

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) today inaugurated the first ever Diamond Studded Jewellery VBSM in the presence of Chief Guest Mr. Suresh Kumar, Joint Secretary, MoC&I along with Mr. Colin Shah, Chairman, GJEPC; Mr. Dilip Shah, Convener, International Exhibitions; Mr. Sabyasachi Ray, ED, GJEPC among others through a virtual conference. The VBSMs have been a successful

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Australian Scientists Create Diamonds in Minutes!

Mumbai: The creation of diamonds normally takes billions of years, gigantic pressure and extremely hot temperatures. But one international team of scientists have defied the nature by producing the beautiful mineral in a laboratory at room temperature within only minutes. Scientists at the Australian National University (ANU), RMIT University, University of Sydney and Oak Ridge National Laboratory published their findings in

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GJEPC Submits Pre-Budget Proposals to Govt.

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) submitted a set of pre-budget proposals to the Government of India in New Delhi on 7th November, aimed at improving ease of doing business and boosting exports. The Council proposals were put forth by Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Anoop Mehta, Convener – Diamond Panel; Mr. K. Srinivasan, Convener

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WHP Jewellers Receives IAGES Accreditation

Mumbai: In India’s highly dynamic gold sector, consumers are increasingly seeking retailers who follow a strict Code of Conduct that offers transparency, trust, and sustainability across the entire gold value chain. To establish a stringent framework across the industry, the Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organisation (SRO) established by and for the Indian gold industry,

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Senco Gold Clocks Record Sales of ₹1700+ cr. for October

Mumbai: Senco Gold & Diamonds has reported the highest ever retail sales for the month of October in its 85+ year old history! Senco clocked sales of over ₹1,700 crore for the month backed by robust festive buying for Diwali and Dhanteras, registering a 56% YoY growth over October last year. Gold value for the brand went up by 60%

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NDC, Dubai Jewellery Group Host ‘The Diamond Dialogue’

Dubai: Natural Diamond Council (NDC), a global not-for-profit organization collaborating the natural diamond industry and its entire value chain, hosted first-ever edition The Diamond Dialogue in partnership with Dubai Jewellery Group (DJG). The Diamond Dialogue was a thought-provoking industry roundtable that brought together leading voices from the UAE’s jewellery sector to discuss the evolving landscape of the natural diamond industry.

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