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

Read More »

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

Read More »

Top News

Zimbabwe Opposes New 'Conflict Diamonds' Definition

Harare: Zimbabwe said it will not support the civil society’s sponsored move to expand the definition of conflict diamonds to include issues such as human rights. Mines minister Walter Chidhakwa told Rough & Polished that Harare engaged the South Africans on the sidelines of the African Mining Indaba last February and they also indicated their discomfort with the overhaul of

Read More »

GJEPC-ALROSA Agree to Collaborate on Multiple Fronts

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and ALROSA have agreed to work together more closely for resolution of a number of issues facing the diamond industry, following a recent meeting at the ALROSA headquarters in Moscow that GJEPC Chairman Praveenshankar Pandya had with newly appointed ALROSA president Sergey Ivanov and Vice Presidents Yuri Okoyomov and Andrey Polyakov.

Read More »

Sovereign Gold Bonds for Akshaya Tritiya

New Delhi: The government of India has announced the first Sovereign Gold Bonds (SGB) of the financial year a few days ahead of Akshay Tritiya, considered auspicious for buying gold. The applications for Sovereign Gold Bonds 2017-18 – Series I will be accepted from April 24 to 28, and the bonds will be issued on May 12. Akshaya Tritiya is

Read More »

ALROSA Meets Long-Term Customers

Moscow: President of ALROSA Sergey Ivanov took part in an extraordinary business meeting with the company’s long-term clients dedicated to the new contract period. Participants of the meeting from more than 70 Russian and foreign companies had a chance to discuss diamond market trends, existing market environment, plans for the near future, and the company’s sales structure with ALROSA’s management.

Read More »

CIBJO Warns Against ‘Fraudulent Representatives’

Milan: The World Jewellery Confederation (CIBJO) is issuing an urgent warning about individuals claiming to represent CIBJO or bodies directly affiliated with CIBJO, offering products and/or financial instruments endorsed by CIBJO. The existence of such claims was brought to CIBJO’s attention yesterday, May 24, 2026, which are similar to other claims reported to us in January of this year, when

Read More »

Inputs from GJEPC on GMS & CAD Reduction

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in reference to the meeting held on 22nd May 2026 with key industry associations, to deliberate on measures for reducing the Current Account Deficit (CAD), particularly in the context of gold imports and domestic gold mobilization, is coordinating with its members to formulate some suggestions on Gold Monetization Scheme (GMS) and

Read More »

GJEPC Joins Govt Delegation to Canada for CEPA Talks

New Delhi: Union Commerce & Industry Minister Mr. Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties. Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the

Read More »

India Design Gallery at JCK Las Vegas 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) presents the India Design Gallery at the 2026 JCK Las Vegas trade show. This exclusive gallery, located at Level 1 Lobby, will highlight some of the most exquisitely crafted jewellery pieces from India. Held from 29thMay to 1st June 2026, at the Venetian Expo | Indian Pavilion at Level 1 and

Read More »

Latest Videos