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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
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
Top News
GJEPC Held Seminar on “Vivad Se Vishwas” Scheme
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) organized an interactive session on “Vivad Se Vishwas“ recently at the Convention Hall, Bharat Diamond Bourse, Bandra, Mumbai. The purpose of the session was to impart information to members about various facets of this scheme, which was announced during Budget 2020-21. Mr. Anil Kumar, Principal Commissioner of Income Tax; Mr. Rakesh
Sriram Natarajan to Become MD, GIA India
Mumbai: Ms. Nirupa Bhatt announced her transition from her full-time position as managing director of GIA India Laboratory Pvt. Ltd. (“GIA India”), effective June 15. In her role as managing director, Bhatt oversaw the successful 10-year expansion of GIA India. “I intend to transition from my current operational role as managing director of GIA India to a consulting advisory position
GIFT City Set to Become Hub for Global Bullion Trading
Ahmedabad: Post the announcement in the Union Budget 2020-21 for setting up of International Bullion Exchange in GIFT IFSC, the steering committee of World Gold Council (WGC) held their meeting at Gujarat International Fin-Tec City (GIFT City). Among other things, one of the key points in the agenda was to discuss about developing a comprehensive plan for International Bullion Exchange. In addition, the committee
GJEPC Reschedules IGJS, Jaipur in July 2020
Mumbai: GJEPC has rescheduled the International Gem & Jewellery Show (IGJS) to a new date, citing serious concerns globally pertaining to the outbreak of respiratory illness caused by coronavirus adversely affecting everyone’s travel plans. Now, the show will be organised from 18th -20th July 2020 in JECC Jaipur. Mr. Pramod Agrawal, Chairman, GJEPC said, “Fighting the Covid-19 should be the
IIJS Premiere: Overseas Buyers Passport Scheme for Int’l Buyers
Mumbai: For the IIJS Bharat Premiere 2026, the Gem and Jewellery Export Promotion Council (GJEPC) has launched an exclusive Overseas Buyers Passport Scheme. Participating International buyers can win a fixed flight reimbursement of USD 525 through a lucky draw. This initiative has been designed to encourage overseas buyers to explore a wider range of exhibitors across the show, thereby fostering
India-UK Buyer Seller Meet Concludes Successfully
London: The India-UK Jewellery Buyer-Seller Meet 2026 concluded successfully, bringing together 20 leading Indian gem & jewellery manufacturers and prominent UK buyers to explore new business opportunities and strengthen bilateral trade ties. Held at the Arsenal Executive Box, Emirates Stadium, London, the two-day meet served as a dynamic platform for meaningful networking, strategic partnerships, and high-value business discussions. With the
Mehul Shah Elected President of WFDB
Mumbai: Mehul Shah, Vice President of Bharat Diamond Bourse has been elected President of World Federation of Diamond Bourses, (WFDB) the apex global body of the diamond trade comprising 26 Diamond Bourses from across the Globe and 6 affiliated members. The election took place on Monday, July 12, during the ongoing World Diamond Congress in Singapore. Leaders of the 21
HRD Design Awards Coming to India
Mumbai: For 40 years, the HRD Design Awards have celebrated the world’s finest jewellery design talent. Now, for the first time in its history, the awards are coming to India. Designers, jewellers, students, goldsmiths, and creative talents from around the world are invited to submit their entries and compete on a global stage. THEME “Where Earth Meets Eternity Born from the
