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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Atul Saraf Receives Purvanchal Icon Awards

Gorakhpur: Uttar Pradesh’s leading jewellery chain Aisshpra Gems & Jewels Director Mr. Atul Saraf received Icon of the Year Award at Purvanchal Icon Awards by actor Govinda during the Purvanchal Icon Awards event held in Gorakhpur. Aisshpra Gems & Jewels has emerged as one of the credible and renowned jewellery houses of Uttar Pradesh under the leadership of Mr. Atul

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GJEPC Once Again Demands Reduction in Gold Duty

GJEPC Sends Budgetory Demands to the Govt. Mumbai: India’s Finance Minister Mrs. Nirmala Sitharaman is scheduled to present budgetary proposals in the Parliament on the 1st February, 2020. The country’s Gem & Jewellery sector as been demanding some incentives and has sent a list of its demands to the Finance Minister. Mr. Pramod Agrawal, Chairman of the Gem & Jewellery

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HRD Antwerp Announces New CEO

InAntwerp: After a long period of uncertainty, HRD Antwerp is looking to the future with a new and ambitious CEO. Ellen Joncheere, formerly the General Manager at Fremach, will be the new CEO at HRD Antwerp as of January 20th. The current interim CEO, Michel Janssens, will be retiring next summer. Ellen has worked in a wide range of other

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Mediterranean Gemmological & Jewellery Con. from May 15

Vancouver: The organisers of the Sixth Mediterranean Gemmological & Jewellery Conference, to take place in Thessaloniki, Greece, from May 15-17, have announced the top-level speakers taking part in the event. The overall theme of the 2020 conference will be ‘Valuation and Marketing Of Diamonds And Gems’, and the gathering will also feature seven parallel workshops. The conference has grown in

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Thangamayil Jewellery, Receives IAGES Accreditation

Madurai: Gold buyers in Tamil Nadu can now purchase their favourite precious metal with complete trust and transparency from Thangamayil Jewellery Limited (TMJL), one of the most recognized chain of jewellery stores in the state. TMJL has officially received its IAGES accreditation, further cementing its commitment to serve its consumers in the most ethical, responsible and sustainable manner. The Indian

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Russia to Levy 8% Duty on Rough from Sep.

Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had

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GJEPC Urges Simpler Path to Gold Monetization

Mumbai: India’s gold monetization efforts must focus on simplicity, trust and convenience if the country is to unlock the vast stock of idle household gold, said Khushboo Ranawat, Regional Chairperson – West, and Member – National Exhibitions, GJEPC, during a panel discussion at the ‘India’s Gold Revolution: Monetization, Tokenization & Financial Transformation’ seminar organized by the Bombay Chamber of Commerce &

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GJEPC Hosts U.S. Senators, State Lawmakers for Industry Dialogue

Mumbai: Against the backdrop of deepening India-U.S. trade ties, GJEPC hosted a delegation of U.S. senators, state legislators and National Conference of State Legislatures (NCSL) officials at its Mumbai headquarters on 22nd June to provide an overview of India’s gem and jewellery industry and discuss key sectoral trends. The delegation comprised Wayne Harper, President Emeritus and President Pro Tempore, National Conference

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