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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Top News

World Trade may Decline by 13 to 32%: WTO

Mumbai: The World Trade Organisation (WTO) had predicted that world merchandise trade is likely to decline by between 13-32% in 2020 due to the COVID-19 pandemic, according to a summary of the global body’s projections prepared by The Gem & Jewellery Export Promotion Council (GJEPC). The summary is part of the Council’s ongoing drive to keep member-exporters informed about global

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Baselworld Fair Sailing through Troubled Waters

Basel: According to Swiss newspaper “Le Temps” the world’s largest luxury watch and jewelry show, Baselworld, is in danger of becoming extinct. The newspaper cites from a leaked letter from angry exhibitors, who are threatening to turn their backs on the fair for good, if they aren’t reimbursed fully for costs already made for this year’s – canceled due to

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HRD Antwerp Launches Jewellery Design E-course

Beijing: HRD Antwerp, the Antwerp based diamond grading lab and education provider, has successfully concluded its first jewellery design e-course in China. The company already offered online jewelry sales courses in its online education program. Using CCTalk, Dingtalk and iPad as platforms, students were able to complete the 11-day Online Jewelry Design course comprising of 2,5 hours of virtual class

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Forevermark Preparing Contingency Plans to Recover

(Exclusive) Mumbai: The Covid-19 pandemic has hit hard health of global gem and jewellery industry. It has pushed the world economy into an unprecedented crisis. Gems2jewellery.com contacted Mr. Sachin Jain, President, Forevermark (India) to assess its sales loss caused by the Covid-19 and its future strategy to recover from the current crisis. He says, these are extraordinary circumstances and we

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Roadmap for Gold Innovation & Global Reach

Mumbai: Senior leadership from the World Gold Council’s (WGC) London head office visited the Indian Institute of Gems & Jewellery (IIGJ), Mumbai, on 21 April 2026, with a clear focus on advancing gold jewellery innovation through design, technology and new product concepts. The visit explored collaboration on talent development alongside innovation-led initiatives, with the delegation also interacting with students exhibiting

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Programme of 41st WDC Available on Website

Singapore: The Organizing Committee of the 41st World Diamond Congress (WDC), to be held July 12-15, 2026, in Singapore, announced that the full programme of the three-day event is now available and can be viewed in full on the dedicated Congress website. While the Congress panels for the joint WFDB and IDMA sessions were published earlier, the full programme now

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Platinum Season of Love Begins from 17th April

Mumbai: Platinum Guild International (PGI) India has announced the launch of Platinum Season of Love 2026, its signature nationwide retail activation set to run from 17th April to 31st May 2026 across jewellery stores in India. A key strategic initiative in PGI India’s annual calendar, the programme is designed to drive consumer demand and retail momentum for platinum jewellery across

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Edward Asscher Announces Candidacy for VC of the RJC

Amsterdam: Edward Asscher, the incumbent Vice Chair of the Responsible Jewelry Council (RJC), announced that he will run for another term in the position. In a letter to the RJC membership, he noted that the diamond, gem, and jewellery industry would be facing greater commercial challenges than ever before. “After serving four years as Vice Chair, I continue to argue

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