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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Virtual Trade Shows Going to be the Trend in future

Mumbai: The keen interest shown by the exhibitors and trade visitors in the India International Jewellery Show (IIJS Virtual) is a testament of the entrepreneurial zeal of the Indian industry to march on in the face of adversity. By taking a virtual leap, IIJS has become a digital safe space where business can be conducted free of any physical harm,

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PGI’S ‘Season of Hope ’ Highlights What Truly Matters

Mumbai: Platinum Guild India (PGI) has launched its new initiative – Season of Hope. This unique retail initiative on platinum jewellery pans out across 1200 stores in India and is backed by a robust communication plan. It is led by a new film, supported by Print, Digital, and PR across markets to ensure high reach and frequency. Drawing from the

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Free AI-Powered Price Calculator App by UNI Diamonds

Tel Aviv: UNI Diamonds, a fintech company that is fast developing into one of the most dynamic new service providers in the international diamond trade, has announced the release of a Diamond Price Calculator app, which enables its users to quickly and conveniently obtain an up-to-date price estimate for a diamond, based on the stone’s 4Cs (Carat, Cut, Color and

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The First Ever IIJS Virtual by GJEPC Kicks off

Mumbai: The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of gems and jewellery, today inaugurated the first ever India International Jewellery Show, IIJS Virtual  2020, powered by GIA. GJEPC has organized IIJS for 38 editions, however due to pandemic the physical trade show has been transformed to a complete virtual experience for exhibitors as well as

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Gaetano Cavalieri Addresses ECOSOC

Milan: CIBJO President Gaetano Cavalieri has addressed the High Level Segment of the UN Economic and Social Council in New York, and in his presentation stressed the commitment of both CIBJO and the international jewellery sector to assisting the United Nations meet its development goals. Dr. Cavalieri was addressing the annual keynote gathering of the UN agency as the head

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5th Edition of IIJW Inaugurated in Mumbai

Mumbai: After completion of four successful years, the 5th edition of India International Jewellery Week, popularly known as IIJW, was inaugurated this morning in Mumbai by Mrs. Rashmi Thackeray. Present at the inauguration were Mr. Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pankaj Parekh, Vice Chairman of GJEPC and other degnitories. Conceived and conceptualized

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HRD Antwerp Adjusting Parameters of Cut Grade

Antwerp: HRD Antwerp is to adjust the proportion parameters of its Cut Grade, with changes taking place as of July 14. The Belgian lab said it is making the move “in order to be more compliant with the market standard, while maintaining the highest-quality grading standards that HRD Antwerp is known for”. “The HRD Antwerp Cut Grade is based on

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Gold, Diamond Deposits Traced in Odisha

Bhubaneswar: Geological survey has revealed deposits of a variety of gem stones, gold and diamond in Boudh district in India’s Odisha state, Steel and Mines minister Prafulla Kumar Mallick informed in the State Assembly here on Friday, according to a report published in Odisha Sun Times. Replying to a question by Mahidhara Rana, he said as informed by the Steel

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