Connect with us

International News

MCX silver prices rally amid escalating US-Venezuela tensions

Geopolitical Shock and Supply Fears Ignite Silver’s Sharp Rally Across Global and MCX Markets

Published

on

Silver rates today on MCX opened with a big upside gap and touched an intraday high of Rs. 2,49,900 per kg, logging an intraday rise of around 13,500 against Friday’s close of Rs. 2,36,316 per kg. Silver saw a 6% gain internationally at $75.968 per ounce This surge reflects safe-haven demand and fears of supply disruptions.

Silver opened with an upside gap due to anticipated export hurdles from Peru, a top silver ore exporter ($477M in 2023). Recent trends show silver rising 30% monthly and 152% yearly, fueled by green energy demand and supply constraints. Experts predict COMEX silver could reach $78 per ounce before profit-booking\Support levels stand at $70–$68, with upside potential to $80 if tensions persist.

The crisis reached a dramatic peak last week when US forces launched a large-scale strike on Venezuela, resulting in the capture of President Nicolás Maduro and his wife, Cilia Flores. President Donald Trump announced the operation’s success on Truth Social, describing it as a joint military and law enforcement effort that swiftly removed the leaders from the country.

The raid followed months of mounting pressure, including prior strikes on alleged drug-trafficking vessels and a buildup of US forces in the region. Maduro, now in US custody and facing narco-terrorism charges, is expected in a New York court soon, while Venezuela’s vice president has assumed interim leadership amid ongoing uncertainty.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

International News

SIJE 2026 To Host 450+ Global Brands As Singapore Welcomes Back The World Diamond Congress After 38 Years

The Largest Edition In The Expo’s History Will Coincide With The Inaugural Singapore Diamond & Jewellery Week From 9–15 July 2026.

Published

on

Singapore International Jewellery Expo (SIJE) 2026 is set to stage its largest-ever edition, bringing together more than 450 brands and exhibitors from 26 countries across 10,000 square metres at Marina Bay Sands from 9 to 12 July 2026.

The event will be officially inaugurated by Alvin Tan, Minister of State for the Ministry of Trade & Industry and the Ministry of National Development, Singapore, and is expected to attract around 18,000 trade buyers and consumers over four days.

A major highlight of this year’s edition is Singapore hosting the 41st World Diamond Congress for the first time since 1988, marking the prestigious event’s return to the city-state after 38 years. The Congress, scheduled from 12 to 15 July at PARKROYAL COLLECTION Marina Bay, will bring together global leaders from across the diamond value chain, including miners, manufacturers, traders, retailers and industry associations.

SIJE 2026 also forms one of the two pillars of the inaugural Singapore Diamond & Jewellery Week (SDJW), a week-long celebration running from 9 to 15 July 2026 that will feature retail experiences, industry events, promotions and international showcases across the island nation.

Despite ongoing global economic uncertainties, SIJE 2026 has recorded its strongest international participation to date, underlining confidence in Singapore’s position as a trusted hub for jewellery, luxury retail, gemstones and high-value trade.

The exhibition will feature prominent country pavilions and exhibitors from Italy, Hong Kong and Uzbekistan, alongside leading jewellers, gemstone dealers, luxury watchmakers, designers and manufacturers from around the world.

One of the unique attractions this year will be the display of a replica of the historic Crown of Carlo di Borbone at the Diamond Exchange of Singapore (DES) Pavilion. The crown, originally created in the 18th century for Charles III of Spain, has been reconstructed from historical records and is linked to the legendary “Perfect Colour of Violet” diamond

Organised by Italian Exhibition Group (IEG) Asia, SIJE continues to strengthen Singapore’s role as a gateway to the rapidly expanding markets of Southeast Asia and the Asia-Pacific region.

Industry observers note that the scale of SIJE 2026, coupled with the return of the World Diamond Congress, reflects growing momentum in the regional luxury market and reinforces Singapore’s standing as one of the world’s most important centres for jewellery trade, craftsmanship, innovation and international business exchange.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x