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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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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Paul De Wachter Appointed CEO of HRD Antwerp

Antwerp: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter will assume the role in January 2026. As CEO, he is tasked with strengthening HRD’s position

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MMTC-PAMP Unveils Lord Shiva 50gm Silver Bar

Mumbai: MMTC-PAMP, India’s only London Bullion Market Association (LBMA) accredited Good Delivery gold & silver refiner, has launched the Lord Shiva 50 grams 999.9+ purity Silver Bar, an exceptional collectible that celebrates the timeless devotion to Lord Shiva, a deity deeply revered in Hinduism. This silver bar is a spiritual masterpiece, a visual embodiment of Lord Shiva’s cosmic power, serenity,

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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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