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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
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National Jewellery Awards Presented by GJF
Mumbai: The 7th National Jewellery Awards (NJA) 2017 organized by All India Gems and Jewellery Trade Federation (GJF) concluded with a glittering celebrity studded night. Mr. Manoj Dwivedi – Joint Secretary, Ministry of Commerce, Government of India, was the chief guest at the event. The award function showcased and recognized the talent and craftsmanship in the gems and jewellery industry.
World Diamond Council to Hold AGM in Dubai in Oct
New York: The World Diamond Council (WDC) will hold its 13th Annual General Meeting (AGM) in Dubai, United Arab Emirates, from October 15 to 17, with the meeting hosted by the Dubai Multi Commodities Centre (DMCC). Among the items to be discussed at the AGM are industry recommendations for the Kimberley Process Certification Scheme (KPCS) review cycle and a proposed
P. Mangatram Jewellers’ Cares for Jewellery Artisans
Mumbai: P. Mangatram Jewellers Pvt. Ltd. one of India’s largest manufacturers of studded fine jewellery, has very closely observed the plight of artisans crafting handmade jewellery in India. This IIJS they showcased a short film depicting the harsh predicament of these artisans. The brand also showcased some much-required solution to address this grave contemporary issue. Buying fine jewellery may put
GJEPC Hosts ‘Jewellers for Hope’ Charity Dinner
Mumbai: GJEPC’s CSR initiative ‘Jewellers for Hope’ charity dinner presented in association with De Beers donates Rs 1 crore for education & empowering girl child Smt. Amruta Fadnavis, Bollywood celebrity actor Arjun Kapoor and singer Rekha Bharadwaj grace ‘Jewellers for Hope’ charity dinner dedicated to make a difference Mumbai, 28th July, 2017: Gem & Jewellery Export Promotion Council (GJEPC), in
Gujarat Govt. Assures Help for Diamond Bourse
Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies
Antwerp Seizes Parcel of Banned CAR Diamonds
Antwerp: The Antwerp diamond industry, represented by the Antwerp World Diamond Centre (AWDC), is stepping up its efforts in combatting conflict diamonds. The city, largely owing its reputation as the most transparent and strictly controlled diamond trade centre to the rigorous controls of all diamond imports and exports at the Antwerp Diamond Office, is determined to continue its strong commitment
GJF to Get Council Status Soon
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) expects to receive the status of council within the next two to three months, reports Business Standard. The federation said it would be easy to represent issues faced by gems and jewellery industry before government after receiving the status of the council. “We have already asked the concerned ministry in
GIA Considering Second India Lab
Mumbai: With its Mumbai grading lab taking more than four months to grade and return clients’ diamonds, the Gemological Institute of America may open a facility in the Indian manufacturing hub of Surat. A GIA release said it will “study the feasibility” of a second India lab, which would be the GIA’s 10th worldwide. It did not provide a possible
