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

Global Platinum Jewellery Market Rebounds

Mumbai: Platinum Guild International (PGI), a worldwide marketing organization dedicated to creating, expanding, and strengthening consumer and trade markets for platinum jewellery, has shared its findings from its Platinum Jewellery Business Review update for Q1 2025, highlighting strong growth across key global markets, led by a significant recovery in China. Platinum jewellery is seeing renewed global momentum, with China leading

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India not to Ask Nirav Modi About PNB Scam

London: Ahead of the extradition hearing of fugitive diamantaire Nirav Modi at Westminster Court, India has assured the United Kingdom that the Fugitive Economic Offender will not be “questioned” in connection with the $2 billion Punjab National Bank (PNB) fraud case. A written assurance or sovereign guarantee to this effect has been submitted to the UK authorities through the Crown

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De Beers Launches Desert Diamonds Beacon

London: De Beers Group has announced the consumer launch of Desert diamonds, the first new ‘beacon’ it has developed in over a decade, supported by its largest category marketing investment in more than ten years. A De Beers beacon is a celebration of natural diamonds that is manifested through a jewelry concept designed to galvanize the industry around a central

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Amit Pratihari Named MD, GIA India Laboratory 

Mumbai: The board of directors of GIA India Laboratory Pvt. Ltd. (GIA India) has appointed Amit Pratihari as managing director, responsible for all aspects of GIA India’s gemological laboratories in Mumbai and Surat, as well as the GIA India school in Mumbai. Reporting to the board of directors of GIA India, he assumed his responsibilities on October 1. Amit’s deep experience

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CIBJO Launches New Informational Website

Milan: CIBJO has launched a new informational website, called “What is a Diamond?” Its purpose is to inform consumers and members of the jewellery and gemstone industry about the precise terminology that should be used to describe both natural diamonds and man-made diamonds. Located on the web at www.whatisadiamond.org, the new website is an initiative of CIBJO’s Diamond Commission, and

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De Beers Extends Global Partnership with UN Women

Gaborone: In celebration of International Women’s Day, De Beers Group is pleased to announce it has extended its global partnership with UN Women for a further five years. Joining the newly-formed HeForShe Alliance, De Beers Group commits to increasing the representation of women in technical and leadership roles within its business, as it works towards achieving gender parity across its

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Platinum Evara Pays an Ode to Women Leaders

Mumbai: To say that 2020 forced a lot of introspection and brought about much disruption would be an understatement. It left every facet of our lives open to change. And every anticipated change was accelerated. Those in leadership included. There has been a resounding call to re-evaluate what makes for a good leader. It has meant a shift away from

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Mumbai Police’s Women Warriors Honoured

Mumbai: The occasion of International Women’s Day celebrates the spirit of womanhood and the indispensable contribution of women in society. This year, an extensive initiative was undertaken with the support of GIA India [an independent subsidiary of Gemological Institute of America (GIA)], Gem & Jewellery National Relief Foundation (GJNRF) and Shrimad Rajchandra Love and Care’s Women Empowerment Initiative – ‘Raj Uphaar’, to applaud the significant

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