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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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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GJC Welcomes Formation of Dakshata Samiti 

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, has welcomed the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers. For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In

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Augmont Enterprises Files for Rs. 800 Crore IPO 

Mumbai: Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The IPO comprises of a Fresh issue of equity shares of face value ₹ 5

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PNG Jewellers Enters Lifestyle Seg. with Perfumes

Mumbai: PNG Jewellers is all set to explore the lifestyle and fashion segment with the launch of their perfume range. PNG has created recognizable signature fragrances that define today’s men and woman. Categorized as Gold and Gold Intense, they are introducing two stunning fragrances for men and women. These perfumes are meant to recreate the independent, unique identity of today’s

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Titan to Acquire Majority Stake in CaratLane

Bengaluru: Titan Company Ltd., a lifestyle company belonging to the Tata Group, said on Friday that it will be acquiring a majority stake in online jewellery chain CaratLane, according to a report publish in ibtimes.co.in. The cost of acquisition was not disclosed by the Bengaluru-based firm that makes jewellery under the name Tanishq, apart from watches, eyewear, perfume and accessories.

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Silver Demand Reaches Peak in 2015

Mumbai: Demand for silver jewelry, coin and bar and photo-voltaic sectors set a record for the market, as silver demand reach 1.17 billion ounces last year, according to a report by The Silver Institute. The World Silver Survey 2016 showed that overall silver supply to the market was lower, due to continued weakness in silver scrap sales. Silver fabrication increased

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KP Forum on Rough Valuation Set for May 23

Dubai: De Beers and ALROSA will take part in a Kimberley Process (KP) forum this month on rough diamond valuation aimed at reaching a consensus on universal pricing. The event, hosted May 23 by the KP and the Organisation for Economic Co-operation and Development (OECD), will bring together companies, nations and non-profits. The organizers expect to encourage a discussion on

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