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 Invites Nominations for IGJ Awards 2020

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) has invited nominations for the 47th edition of India Gems & Jewellery Awards (IGJA 2020), and the last date to file the nomination form is 3rd November 2020. The IGJA is a recognition of the business excellence demonstrated by enterprises and entrepreneurs constituting the industry, and stands testimony to the industry’s

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Yoram Dvash will not Run for 3rd Term in IDE Elections

Ramat Gan: Mr. Yoram Dvash, who has been President of the Israel Diamond Exchange (IDE) for the past five years, announced yesterday that he would not stand for a third term in elections that will be held in December 2020. Mr. Dvash said that he would continue his role as President of the World Federation of Diamond Bourses (WFDB), to

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GJEPC to Organise 1st Diamond Jewellery Virtual BSM

Mumbai: After the success of the Virtual Buyer-Seller Meets (VBSM) for Loose Diamonds and Plain Gold Jewellery, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all geared up for the Diamond Studded Jewellery VBSM from 25th – 28th November 2020. Buyers are expected from the UK, the USA, Europe, Australia, New Zealand and Russia. Top diamond jewellery manufacturers from

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WDC’s 2020 AGM Focuses on Latest KP Developments

New York: Members of the World Diamond Council (WDC) assembled for the organization’s Annual General Meeting on October 19, 2020, joined by invited guests, among them representatives of the governments involved in the Kimberley Process and members of civil society. In contrast to previous WDC AGMs, this gathering was not held in person but rather by videoconference, a consequence of

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New Digital Innovation Reinforces Antwerp’s Global Leadership

Antwerp: The Belgian diamond federation Antwerp World Diamond Centre (AWDC) has launched an innovative digital customer screening tool, based on Regulatory Technology (RegTech) and tailored to the specific needs of the diamond industry. With this new application, the Antwerp diamond sector takes an important step forward in the prevention of money laundering, helping diamond companies to meet their legal Anti-Money

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GJSCI Signs MoU with APSSDC

Mumbai: The Gem & Jewellery Skill Council of India (GJSCI) has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh State Skill Development Corporation (APSSDC) to implement skill training programmes. The collaboration will encompass Short-Term Training programs, upskilling modules, and Recognition of Prior Learning assessments, designed to enhance talent development in the gems and jewellery sector. Through these structured

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GSI and Mindron Unveil TRUSURE APEX

Mumbai: Gemological Science International (GSI) and Mindron announced the launch of the Trusure Apex, a state-of-the-art and advanced diamond screening instrument, at a recent event. Powered by GSI, this groundbreaking tool is engineered to detect natural diamonds, lab-grown diamonds (CVD and HPHT), and non-diamond simulants such as CZ, across various jewellery types and categories, including loose, mounted, and complex polki

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WDC Urges KP to Support Historic Reform

Dubai: Feriel Zerouki, President of the World Diamond Council (WDC), opened the 2025 Kimberley Process (KP) Plenary with a decisive call for participants to support a modernized definition of “conflict diamonds,” marking a pivotal moment for the international certification scheme. Ms. Zerouki highlighted three years of hard work, drafting and negotiation led by the WDC and honored the leadership of

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