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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WGC Forecast for Gold Performance in 2018

London: In a recent piece titled ‘What to Expect for Gold in 2018’, John Reade, Chief Market Strategist for the World Gold Council (WGC), analyses market drivers for gold in the coming year. Financial Market Drivers in 2018: According to Reade, “monetary policy – and policymakers – will continue to be significant drivers of gold demand”. He explains that the

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5% VAT in UAE to Hurt India’s Exports: GJEPC

Mumbai: Starting January 1, the UAE (United Arab Emirates) will impose a 5% VAT on most goods and services, including rough and polished diamonds and gold. Now, Praveen Shankar Pandya, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) says that the tax will hurt gold jewelry exports from India as the UAE is one of the major buyers

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Nilesh Sheth is New President of IDCA

The Board of Directors of the Indian Diamond and Colorstone Association (IDCA) is pleased to announce Nilesh Sheth of Nice Diamonds was elected as the new President of Association and Shailesh Jhalani of Prompt Gem Importers Inc. was elected for the Vice-President’s role at their meeting held on December 11. Joining the IDCA Board’s Executive Committee are Shrenil Bhansali of

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Aisshpra Gems & Jewels Bags New Award

Jaipur: Aisshpra Gems & Jewels was awarded as the ”Temple Jewellery of The Year’ for its intricate craftsmanship at JJS-IJ Jewellers Choice Awards 2017, a platform which recognises and promotes talent and creativity of the most celebrated retail jewellery brands in the industry by felicitating them. The award was received by Mr. Atul Saraf, Director, Aisshpra Gems & Jewels at the

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Natural Diamond Council Becomes ‘The Diamond Collective’

Mumbai: The Natural Diamond Council (NDC) now becomes ‘The Diamond Collective’ unveiling a new global strategy to reconnect natural diamonds with culture, strengthen consumer confidence and drive long-term relevancy. Shaped by new CEO Amber Pepper following six months of consultation with producers, retailers, brands, creatives and consumers, the strategy responds to a fundamental shift in how people discover, value and

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GJEPC Reviews FY2025-26 Performance & Priorities

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) held its 60th Annual General Meeting (AGM) on 23rd September, 2026, at the Bharat Diamond Bourse, Mumbai, in hybrid mode. The meeting was presided over by Mr. Kirit Bhansali, Chairman, GJEPC, in the presence of Mr. Shaunak Parikh, Vice Chairman; Mr. Anil Virani, Convener, Audit & Finance; Mr. Sabyasachi Ray, Executive

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India’s Studded Gold Jewellery Export Rises 51.22% 

Mumbai: India’s gem and jewellery exports continued their positive momentum in August 2026, with gross exports increasing 3.14% in US dollar terms and 12.52% in rupee terms year-on-year to US$ 2.30 billion (Rs. 21,945.87 crore), compared to US$ 2.23 billion (Rs. 19,503.52 crore) in August 2025, according to figures declared by Gem & Jewellery Export Promotion Council (GJEPC). A notable

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JGW September Gets 4.5% Jump in Attendance

Hong Kong:  JGW September (Jewellery & Gem World Hong Kong September) wrapped up yesterday shattering post-pandemic records, welcoming 57,632 “unique” buyers during its week-long run across two locations − a 4.5% increase over the previous edition, show organizer Informa Markets announced today. Staged as a massive dual-venue showcase, the B2B event ran from 14 – 18 September at the Asia

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