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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Registration for CIBJO Congress is Now Open

Milan: Registration for the 2019 congress of CIBJO, the World Jewellery Confederation, is now open. Delegates and other participants may register for the congress via a dedicated congress website located at: http://www.cibjo.org/congress2019. CIBJO’s 2019 annual congress will take place in Manama, the capital of the Kingdom of Bahrain, from November 18 to November 20, with pre-congress meetings beginning on November

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Reena Ahluwalia Donates ‘Hope’ for Charity

New York: Continuing her commitment to Jewelers For Children (JFC) charity, artist Reena Ahluwalia is donating an original diamond painting to JFC to raise funds. The 20-inch painting, ‘Hope’, features a highly nuanced, hyper-realistic round brilliant diamond. It took Reena 200-hours to complete. The painting will be auctioned at the JFC’s Facets of Hope event on June 2, at The

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CIBJO & CGWG to Create Responsible Sourcing Tools

Milan: CIBJO, the World Jewellery Confederation, and the Coloured Gemstone Working Group (CGWG) facilitated by the Dragonfly Initiative (TDI) have announced a new collaboration to strengthen and disseminate tools and resources for the responsible sourcing of coloured gemstones, to support a transparent, sustainable and vibrant coloured gemstone industry. It is intended that the tools and resources being developed will also

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Mudan Watch & Alyssum By Reena Collection at JCK

Hong Kong: Aaron Shum Jewelry of Hong Kong and designer Reena Ahluwalia partnership is set to add more dazzle to JCK this year. The brand will be exhibiting Coronet’s ninth Guinness World Record and their Alyssum By Reena collection at JCK Las Vegas, booth 57096. The Mudan diamond watch was awarded the Guinness World Record at Baselworld for Most Diamonds

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IIJS Bharat Premiere Receives Special Messages from India’s FM, Gujarat CM

Mumbai: IIJS Bharat – Premiere 2026 has received special messages from India’s Finance Minister and Minister of Corporate Affairs, Mrs. Nirmala Sitharaman and also from Gujarat Chief Minister Mr. Bhupendra Patel, recognizing India’s growing leadership in the global gem & jewellery industry. IIJS Bharat Premiere has grown into one of the world’s leading business platforms for the gem and jewellery

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PNG Jewellers Achieves Record Q1 FY27 Revenue of 24,130 Mn

Pune: P N Gadgil Jewellers Limited has announced its unaudited financial results for the quarter ended 30th June 2026. Key Financial & Operational Highlights: §  Retail Contribution: Retail sales continued to strengthen, with the retail share of total revenue increasing to 78% in Q1 FY27 from 70% in Q1 FY26, reflecting the Company’s continued focus on expanding its high-margin retail business. §  Strong Same-Store Performance: The Company delivered a robust Same-Store Sales Growth (SSSG) of 46.1% YoY, driven by healthy

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US Tariff Could Dent Growth of India’s G&J Industry: GJC

Mumbai: The United States (US) has maintained a 10% additional tariff on Indian gem and jewellery (G&J) exports under a permanent Section 301 regime, which replaced the previous temporary Section 122 surcharge on July 24, 2026. This duty applies to natural diamonds, lab-grown diamonds, coloured gemstones, and finished jewellery, impacting India’s primary overseas market. Expressing his dissatisfaction on the move,

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The Platinum Buyer Seller Meet Ends Successfully

Kochi: The Platinum Buyer-Seller Meet (BSM) 2026, hosted by Platinum Guild International (PGI) in Kochi on 8th & 9th July, brought together 10 manufacturers, more than 70 retailers and industry partners for discussions on product innovation, changing consumer demand and the future growth of platinum jewellery in India. Over the last few years, platinum jewellery has sustained double-digit growth in

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