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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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GJEPC Submits Pre-Budget Proposals to Govt.
New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) submitted a set of pre-budget proposals to the Government of India in New Delhi on 7th November, aimed at improving ease of doing business and boosting exports. The Council proposals were put forth by Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Anoop Mehta, Convener – Diamond Panel; Mr. K. Srinivasan, Convener
WHP Jewellers Receives IAGES Accreditation
Mumbai: In India’s highly dynamic gold sector, consumers are increasingly seeking retailers who follow a strict Code of Conduct that offers transparency, trust, and sustainability across the entire gold value chain. To establish a stringent framework across the industry, the Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organisation (SRO) established by and for the Indian gold industry,
Senco Gold Clocks Record Sales of ₹1700+ cr. for October
Mumbai: Senco Gold & Diamonds has reported the highest ever retail sales for the month of October in its 85+ year old history! Senco clocked sales of over ₹1,700 crore for the month backed by robust festive buying for Diwali and Dhanteras, registering a 56% YoY growth over October last year. Gold value for the brand went up by 60%
NDC, Dubai Jewellery Group Host ‘The Diamond Dialogue’
Dubai: Natural Diamond Council (NDC), a global not-for-profit organization collaborating the natural diamond industry and its entire value chain, hosted first-ever edition The Diamond Dialogue in partnership with Dubai Jewellery Group (DJG). The Diamond Dialogue was a thought-provoking industry roundtable that brought together leading voices from the UAE’s jewellery sector to discuss the evolving landscape of the natural diamond industry.
No Plan to Extend Lockdown in India
New Delhi: The Prasar Bharati News Service, India’s public broadcaster, has said that reports claiming that the government may further extend the 21-day nationwide lockdown are false. Referring to a report carrying the headline Modi govt could extend coronavirus lockdown by a week as migrant exodus triggers alarm’, Prasar Bharati said the news is fake. In a tweet on Monday,
GJEPC Plans Virtual B2B Meet with Partners
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has unveiled plans to organise Virtual B2B meetings with prospective trade partners in the gems & jewellery sector from Singapore and Switzerland to mitigate the impact of the disrupted supply chain during the current health crisis. The Council has written to member-exporters asking them to indicate their willingness to join such
Govt. Allows Interstate Transport of Goods
Mumbai: The Government of India has issued an addendum to its order of March 24 regarding exemptions relating to essential commodities and services during the 21-day lockdown of the country, and is now permitting interstate movement of goods/cargo for inland and exports. In a letter sent out to members, the GJEPC writes, “MHA has further issued an addendum No. 40-3/2020-DM-I(A)
GJEPC Donates Rs. 50 Crore for Workers' Welfare
Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) , the apex body of the Gem and Jewellery industry in India, has contributed Rs. 50 Crore from its own reserves to help the needy workers of the industry impacted by Covid-19. The Fund allocated by GJEPC will also be utilized to support the Government in undertaking several initiatives to fight the current
