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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Global Certificate in LGD Technology Launched

Mumbai: The Indian Institute of Gems & Jewellery (IIGJ) and the India Centre for Lab Grown Diamonds (InCent LGD) at IIT Madras have commenced the first batch of their Global Certificate in Lab Grown Diamond Technology, with 23 participants. Classes began on 21 October 2026, following a virtual inauguration on 19 October. The inaugural batch includes entrepreneurs, manufacturers, representatives of

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GJEPC Participates in Haryana Workshop on Leveraging FTAs for Export Growth

Gurugram: India’s Gem & Jewellery Export Promotion Council (GJEPC) facilitated the participation of a delegation of its member exporters in the State-Level Workshop on ‘Leveraging Free Trade Agreements (FTAs) – Outreach Programme’, organized by the Directorate of MSME, Government of Haryana, at the Grand Hyatt, Gurugram, on 3 November 2026. The workshop, held under the theme ‘Translating India’s Free Trade

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IAGES New Film Moves ‘PehlaCheckIAGES’ from Awareness to Habit

Mumbai: The Indian Association for Gold Excellence and Standards (IAGES) is empowering gold buyers this festive season to make informed purchases by amplifying awareness about its #PehlaCheckIAGES campaign through engaging ad film created to build assurance and trust among buyers. Since its launch in December 2025, the ‘Before you buy Gold, #PehlaCheckIAGES’ campaign has urged consumers through diverse outdoor advertising

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Divine Solitaires Announces Special Festive Offers

Mumbai: Divine Solitaires, India’s leading natural diamond solitaires brand, is offering special Dhanteras benefits on its Diamond Coins from 26 October to 6 November 2026. The offer includes an assured gift with every eligible purchase, a lucky draw with 100% cashback vouchers for 10 customers, and price protection. Dhanteras is considered an auspicious occasion to welcome prosperity and good fortune,

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Demonetization will Prove to be a Boon: Vijay Jain

Mumbai: The Platinum Guild International (PGI) has predicted that Indian demand for platinum jewellery would grow by double digits next year and Japanese consumption will stay strong. “In 2017, we’re expecting significant double-digit growth in India and reasonable growth in Japan. While gold is a low-margin business for Indian jewellers, retailers can scoop up returns of about 50% for platinum,

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GJEPC’s MyKYCBank to Hold Training Sessions

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), had, some time back launched MyKYCBank.com for the benefit of the industry. The GJEPC is now holding training sessions for representatives (who are typically involved in the KYC process) of participating member companies. These sessions are planned to be held twice a week – every Tuesday and Thursday at 4.00 pm

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KP Chair Ahmed Bin Sulayem Honoured by DDC

New York: Kimberley Process (KP) Chair Ahmed Bin Sulayem has been honoured by the Diamond Dealers Club (DDC) of New York for contributions to supporting the sustainable growth of the global diamond industry. During an official visit to the United States, the accolade was presented to Bin Sulayem by Reuven Kaufman, President of the DDC, and Eli Izhakoff, Honorary President

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U.S. Consumer Confidence Highest in 13 Years

New York: Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at any time in the last 13 years, writes Bloomberg based on a report from the Conference Board, a New-York based independent business membership and research association working in the public interest. The Conference Board Consumer Confidence

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