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

IDE Launches Second ‘Fly to Buy’ Campaign

Ramat Gan: Based on the success of last year’s ‘Fly to Buy’ campaign, the Israel Diamond Exchange (IDE) has announced that the second ‘Fly to Buy’ event will be held from September through December 2019. The promotion is being held in collaboration with the Israel Ministry of Economy. ‘Fly to Buy’ offers overseas diamond buyers up to $1,000 to cover the price

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India to End Special Status of Kashmir

New Delhi: In an announcement with massive repercussions for Jammu and Kashmir, India’s Home Minister Mr. Amit Shah has announced in Rajya Sabha that the government has decided to repeal Article 370 of the Constitution which grants special status to J&K. The government has also decided to bifurcate the state into two Union territories – Jammu and Kashmir, which will

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Celebrate Friendship Day with Platinum

Mumbai: Its Friendship day! And who is that one person that comes to your mind when you think of your best friend? If the answer is your better half, you know the relationship you share is truly rare. Platinum Days of Love, #Friends First campaign wants you to remember that your partner might be your lover but before everything else, you

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DPA Announces Winners of ‘The Real Cut-Season 2’

Mumbai: Diamond Producers Association (DPA) in collaboration with Lakmé Fashion Week yesterday announced the winning talented jewellery designers of the second edition of ‘The Real Cut’. Six jewellery designers emerged as the final winners of ‘The Real Cut – Season 2’ and will get the opportunity to showcase their designs at Lakmé Fashion Week Winter/Festive 2019 along with celebrated fashion designers Archana Rao, Dhruv Kapoor and ­­­­­Shweta Kapur. The theme for the second

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IDMA Mourns Passing of Vasant Mehta

Antwerp: The board and members of the International Diamond Manufacturers Association (IDMA) deeply mourn the passing of one of the global diamond industry’s and trade’s leaders and mentors, Mr. Vasant Mehta, who passed away earlier this week at the age of 81. Vasant served as IDMA’s Vice President from 1998-2000 and then from 2002-2008, on behalf of the Gem &

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Shaping the Roadmap for India’s $100 Bln. G&J Future

Mumbai: Department of Commerce, in association with the Gem & Jewellery Export Promotion Council (GJEPC), yesterday convened the ‘Chintan Shivir – 2040 Roadmap for Gems & Jewellery’, a high-level dialogue aimed at developing a comprehensive strategy to help India achieve its ambition of USD 100 billion in gems and jewellery (G&J) exports by 2040. The roadmap envisages an increase in

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India’s Largest Platinum Experience Zone at Kalamandir Jewellers, Vadodara

Vadodara: Kalamandir Jewellers has unveiled India’s largest Platinum Experience Zone at its new flagship store in Vadodara, creating a dedicated destination for consumers to explore platinum jewellery across designs, occasions andprice points. The launch strengthens the visibility of platinum jewellery in Gujarat and complements Platinum Guild International’s (PGI) ongoing efforts to build awareness and appreciation for the metal through consumer education, design innovation

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JGW Hong Kong Begins from 14th September

HONG KONG: Next month, the global jewellery industry has only one destination: Hong Kong. Organised by Informa Markets, JGW September (Jewellery & Gem World September) brings together 3,000+ exhibitors from 40+ countries and regions, all showcasing the collections that will define retail displays worldwide. This is the trade’s ultimate B2B sourcing destination: Six specialised buying experiences where attendees move beyond

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