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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GJEPC’s CSR initiative ‘Jewellers for Hope’

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), in association with De Beers and Powered by Gemological Institute of America (GIA), presented the fourth edition of ‘Jewellers for Hope’ on August 9. A gala charity dinner with an avowed objective to collaborate and contribute for the larger cause of preventing the exploitation of the child and as well support the cause of the

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GJEPC Signs MOU with Shenzen Diamond Exchange

Mumbai: The Chairman of The Gem & Jewellery Export Promotion Council (GJEPC), Mr. Pramod Agrawal and Vice President of the Shenzen Rough Diamond Exchange (SRDE), Mr. Rong Julius  Zheng, yesterday signed an MoU between the two organisations during the India International Jewellery Show (IIJS) 2018 taking place in Mumbai between August 9-13, 2018. The  GJEPC also announced that it would

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35th Edition of IIJS Inaugurated

Mumbai: Mr. Suresh Prabhu, Union Minister for Commerce & Industry & Civil Aviation through a tele-video address, along with Mr. Gaetano Cavalieri, President of CIBJO, Mr. Pramod Agrawal (Chairman, GJEPC), Mr. Colin Shah Vice Chairman, GJEPC), Shri Shailesh Sangani,(Convener, National Exhibitions GJEPC) Mr. Sabyasachi Ray (ED, GJEPC) , today inaugurated the prestigious 35th edition of the India International Jewellery Show (IIJS). Organised by

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Carats.io Signs MOU with IDEX

London: Fintech startup Carats.io and online diamond-trading platform IDEX – International Diamond Exchange, have announced that they have signed a Memorandum of Understanding (MOU), according to which the two will cooperate in the areas of data analysis and the development of new financial vehicles for both the diamond industry and general public. These will be based on Carats.io’s Diamond Financial index (DFX)

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Okavango Diamond Co. Appoints Yoram Dvash as Chairperson

Gaborone: Botswana’s state-owned rough diamond marketing firm, Okavango Diamond Company (ODC), has appointed former World Federation of Diamond Bourses (WFDB) president Yoram Dvash as chairperson of its board of directors. Dvash succeeds Gape Kaboyakgosi, who stepped down in November after leading the board for five years. Dvash brings deep industry leadership to the role, having headed the WFDB from 2020

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Qatar Diamond Exchange Signs Strategic MoUs

The Qatar Diamond Exchange (QDE) has signed Memoranda of Understanding (MoUs) with the Diamond Exchange of Singapore, the Shanghai Diamond Exchange and the Tokyo Diamond Exchange during the 41st World Diamond Congress in Singapore. The agreements reflect QDE’s strategic focus on developing closer relationships with established diamond markets across Asia and creating new opportunities for trade and cooperation between Qatar

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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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