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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Top News

Willful Defaulters Owe INR 76,685 Crore to Banks

New Delhi: As many as 8,167 willful defaulters owe banks Rs 76,685 crore and 1,724 FIRs (first information report) have been filed against them last year, union finance minister Arun Jaitley told Rajya Sabha yesterday. Replying to a question on poor conviction rate of willful defaulters by Congress leader Digvijay Singh, Jaitley said that a Joint parliamentary committee (JPC) is

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Forevermark Targets 210 Doors by 2016

Mumbai: “India is one of the most important, growing markets for De Beers and Forevermark – with doors currently at 170 with an end of year growth target of 210. Over the past 5 years Forevermark has expanded its presence to 28 cities across India. We are proud to say that our offering has been well received by the educated,

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India’s Polished Diamond Exports Flat in June

Mumbai: Exports of cut and polished diamonds from India remained virtually flat in June 2016, dropping by a marginal 0.38%, year-on-year. The country exported US$ 1.846 billion worth of goods as compared to the US$ 1.853 bn in the same month a year ago, according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). Gold

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SGB: Fixed Price is INR 3119 Per Gram

New Delhi: The Indian Government has fixed Rs 3,119 per gram as the issue price for the 4th tranche of Sovereign Gold Bonds (SGB) scheme which is opened for subscription now. The government has reduced the minimum subscription denomination to 1 gm in the 4th tranche, which would be open for investment by individuals and institutional investors from July 18-22.

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IIGJ Presents Glimpz’26 Annual Award Ceremony

Mumbai: The Indian Institute of Gems & Jewellery (IIGJ) presented Glimpz’26, its annual exhibition and awards ceremony showcasing the graduating batch of B.A. in Gems & Jewellery Design (2023–26).Held at the Bharat Ratnam – Mega CFC Auditorium, the event brought together industry leaders, mentors, and emerging design talent on a common platform—celebrating creativity, craftsmanship, and the future of Indian jewellery.

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End of Diamond Production at Diavik Mine

Toronto: Diamond production at the Diavik mine, in Canada’s Northwest Territories, came to an end last week after 23 years. It produced over 150 million carats during its lifetime, more than either of NWT’s other mines – Ekati (owned by Burgundy) and Gahcho Kue (joint venture, De Beers and Mountain Province ). The closure on Thursday, 26 March 2026, also

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GJEPC to Organize ‘Design Inspirations’ on 9th April

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has organized ‘Design Inspirations’ event on 9th April, 2026 at Bharat Ratnam Mega CFC, Mumbai. The design seminar invites a galaxy of eminent speakers to share their insights on a wide range of topics. The workshop aims to provide the industry with relevant updates, enabling them to plan their designs and

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IIJS Bharat Tritiya 2026 Ends with Great Success

Bengaluru: The 4th edition of IIJS Bharat Tritiya 2026, organized by India’s Gem & Jewellery Export Promotion Council (GJEPC), concluded on a triumphant note at the Bengaluru International Exhibition Centre (BIEC), solidifying its position as India’s third-largest B2B jewellery exhibition. The show witnessed a massive scale-up, hosting over 1,100 exhibitors and 1,900 stalls, while attracting 15,000 trade buyers from 500

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