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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
1st India Rough Gemstones Show in Jaipur from 8 Jan
Mumbai: Miners and traders in rough gemstones from Afghanistan, Canada, Ethiopia, Hong Kong, Madagascar, Tanzania, Thailand and Zambia are among the 25 international companies part in the first-ever B2B trade show exclusively for Rough Gemstones being organized by The Gem & Jewellery Export Promotion Council (GJEPC) at Hotel Marriott in Jaipur from January 8-10, 2018. With a number of suppliers
EU Takes over Chairmanship of Kimberley Process
The European Union (EU) has taken over as chair of the Kimberley Process (KP) as of today under the leadership of High Representative Vice President Federica Mogherini. The EU was vice-chair last year when Australia headed the body. India is the vice-chair this year and will chair the organization in 2019. Mogherini said, “For the European Union, the Kimberley Process
Preferred Mfr of India Meet in Pune from 8th Jan
Pune: In the New Year, the All India Gems & Jewellery Trade Federation (GJF) presents the bigger and better avatar of its eagerly awaited business networking event – The Preferred Manufacturer of India (PMI) in Pune from 8th to 10th January 2018 at the J W Marriott Hotel. GJF’s popular B2B marketing platform is one of the most exclusive jewellery
ALROSA Has Formed List of Long-Term Clients
Moscow: ALROSA has formed a long-term client list for the new contract period of 2018-2020. The company’s long-term clients will take part in the first trading session on January 15 to 19 in the coming year. The complete list of clients will be published on ALROSA’s trading website. Long-term contracts are the mainstay of the marketing policy pursued by ALROSA,
India’s G&J Industry Welcomes GST Reforms
Mumbai: The Indian Gem & Jewellery industry (G&J) expressed its sincere gratitude to India’s Finance Minister Mrs. Nirmala Sitharaman for the landmark GST reform recommendations approved at the 57th GST Council meeting. These progressive recommendations are a significant step towards enhancing ease of doing business, strengthening export competitiveness and creating a more enabling environment for the growth of India’s Gem
Momentum is Building for Basilia Jewellery & Watch Fair
Basel: Three months after its launch, it is clear that Basilia Jewellery & Watch Fair, organised by Informa Markets and MCH Group, meets a strong need with its gateway trade fair for the jewellery, watch and gemstone industries in Asia and Europe. Strong market demand has already brought exhibitor registrations to 70% of the target for the inaugural edition, which
Men of Platinum Expands Collection with New Designs
Mumbai: Platinum Guild International (PGI) India has unveiled a new Men of Platinum collection featuring chains, pendants, bracelets and rings designed for men at different stages of their journey. Endorsed by Rohit Sharma and Anirudh Ravichander in the brand’s new campaign, the collection brings to life a central belief: enduring success is forged through character—the conviction to forge your own
De Beers and Botswana Extend Partnership with Letsile Tebogo
London: De Beers Group and the Government of the Republic of Botswana today announced the extension of De Beers’ partnership with Olympic champion and Botswana sporting icon Letsile Tebogo. Originally launched in January 2025, when Tebogo was appointed a De Beers Global Ambassador, the partnership has now been expanded into a three-year programme of work between De Beers and the
