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

Negative Outlook for Gold in 2017

Mumbai: Total holdings in physically-backed gold exchange-traded products (ETPs) stood at 2,142.4t (68.9 moz) at the end of December, down 96.9 t or 4% drop from November, the World Gold Council (WGC) has reported. In value terms, total holdings stood at US$78.9bn, 7% lower than the earlier month, WGC said, adding that it remains negative on gold for 2017. Giving

Read More »

GJEPC Conducted Seminar in Palanpur

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) yesterday conducted an awareness seminar at Palanpur, Gujarat the benefits of doing organised business and adopting best practices. The meet was addressed by GJEPC officials, leaders of industry bodies, bankers, finance experts and others. Various presentations were made to provide guidance to members regarding statutory compliances, various government schemes, the long

Read More »

Registrations Open for 2017 Presidents Meeting

Mumbai: The official web site of the 2017 Presidents Meeting and Finance Seminar has gone live, allowing participants to register for the February 5-8 biennial gathering of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). The four-day gathering, organised by the Gems and Jewellery Export Promotion Council (GJEPC) and the Bharat Diamond Bourse, will

Read More »

Cartier Unveils Hands-Free Diamond Watch

New York: Cartier unveiled an unusual watch in which the dial displays a panther chasing a ball to indicate the time, Forbes reported. Its price is yet to be decided. The Panthère Joueuse de Cartier timepiece is unique in that it has no hands. Instead, the diamond ball indicates the hours and the panther’s paw and head indicate the minutes.

Read More »

India’s G&J Exports Stood at US$ 4.27 Bln in April–May 2026

Mumbai: India’s gem and jewellery exports stood at US$ 4.27 billion (Rs. 40,398.97 crore) during April–May 2026 as compared to US$ 4.55 billion (Rs. 38,848.42 crore) during the corresponding period of the previous year. While overall exports declined by 6.03% in dollar terms, they registered a growth of 3.99% in rupee terms. The figures are provided by India’s Gem &

Read More »

Fraudulent Filling of Fissures in Emeralds

Basel: Based on a number of recent cases, the Swiss Gemmological Institute SSEF is issuing a trade alert concerning a fraudulent practice that has resurfaced in the emerald market. It concerns the filling of fissures in stones after they have been tested, with the emerald stone being offered for sale along with the earlier report that indicated little or no

Read More »

Global Jewellery Industry Meets at IIJS Bharat Premiere 2026

Mumbai: Over 2,700+ international visitors from 80+ countries & 50,000+ trade visitors are set to converge in Mumbai for the most anticipated gathering of the global jewellery industry. Among them is Suzan Von Zahn of SVZ Jewellery, South Africa, who shares her excitement about attending IIJS Bharat Premiere 2026 and exploring the exceptional craftsmanship and business opportunities the show has

Read More »

A Golden Milestone in India–Oman Trade Relations

Kolkata: Marking a significant step in strengthening bilateral trade ties, the first gold jewellery export shipment from Kolkata to Oman was successfully dispatched under the India–Oman CEPA framework. India’s gems & jewellery exports to Oman currently stand at -USD 35 million, including ~USD 10 million in gold jewellery. Exports could reach nearly USD 150 million over the next three years.

Read More »

Latest Videos