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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Special Group Formed to Resolve India's G&J Issues

Mumbai: In a virtual review meeting held between India’s Finance Ministry and Gem and Jewellery Export Promotion Council (GJEPC) on 18th August, the Finance Minister Smt. Nirmala Sitharaman called for the formation of a Special Group, including Customs and banking officials, to resolve all issues related to the Gem and Jewellery sector (G&J). The Finance Minister added that if the

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Calibre Mining Joins the World Gold Council

Mumbai: World Gold Council (WGC), the market development organisation for the gold industry, has welcomed Calibre Mining to its Board of Members.  Calibre Mining is a multi-asset gold producer which operates the El Limon and La Libertad gold mines in Nicaragua. These mines, along with the Pavon gold project and other mineral concessions in Nicaragua, were acquired from B2Gold in

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KGK Group Expands in Thailand

Mumbai: KGK Group, a global conglomerate operating in all verticals of gems and jewellery sector, announced its expansion in Thailand in the jewellery manufacturing segment. Spread across about 1000 sq. mts, the new jewellery manufacturing facility in Bangkok is situated in Gemopolis Industrial Estate. The new facility will be focussed on producing medium commercial to high end jewellery in Gold, Silver & Platinum,

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GJEPC-World Gold Council Felicitate ‘Kohinoors of India’

Mumbai: Celebrating the humane side of the Indian G&J Industry, Gems & Jewellery Export Promotion Council (GJEPC) in association with the World Gold Council (WGC) felicitated the real heroes of the Industry for their exemplary Contribution towards Society during COVID-19. This was an event witnessed for the very first time via a Virtual Musical Extravaganza where the spirits & undying

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IIJS Bharat Premiere Strengthens GCC Outreach with Deira Gold Souq Campaign

Dubai: India’s Gem & Jewellery Export Promotion Council (GJEPC) stepped up its buyer outreach in Dubai, placing the famed Deira Gold Souq at the heart of its campaign to drive participation in IIJS Bharat Premiere, scheduled to be held from 5 to 10 August 2026 in Mumbai. With 76% of Dubai’s jewellery buyers concentrated in Deira Gold Souq, the district

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Pritesh Patel to Headline Fireside Chat at WDC

Singapore: The 41st World Diamond Congress will feature an exclusive fireside chat with Pritesh Patel, the newly appointed President and CEO of the Gemological Institute of America (GIA), marking one of his first major public appearances in the role on the global stage. Patel steps into the position at a pivotal moment for GIA and the broader diamond trade. Moderated

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Booths Allotted to the IIJS Premiere 2026 Exhibitors

Mumbai: In a single day, 34,000+ booths were successfully allotted to 1,800+ companies, turning booth allocation into a celebration of excitement, anticipation, and new beginnings. Exhibitors now know their place on the grand stage and are eagerly counting down to the biggest B2B jewellery gathering of the year. Excitement filled the air as exhibitors found out their booth locations and

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Customs Export-Import Facilitation Centre at SEEPZ-SEZ Inaugurated

Mumbai: India’s Minister of State for Commerce & Industry Mr. Jitin Prasada inaugurated the Customs Export-Import Facilitation Centre (CEIFC) at SDF-VIII in SEEPZ-SEZ, Mumbai, on 19 June 2026, marking a significant step towards strengthening trade facilitation within the export zone. The inauguration was hosted by Mr. Dnyaneshwar B. Patil, IAS, Zonal Development Commissioner, SEEPZ-SEZ. Senior officials present included Mr. Mayur

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