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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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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IIGJ Mumbai Opens Modern Campus to Power Industry Growth

Mumbai: The Indian Institute of Gems & Jewellery (IIGJ), Mumbai, took a significant leap forward in its journey of growth with the inauguration of its newly modernized, state-of-the-art campus. The launch marks a new chapter for the institute, reinforcing its role as a centre of excellence in gems and jewellery education, skill development, and innovation. The ceremony was graced by

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Progress in Harmonization of Language used on Gemological Reports

Mumbai: The Laboratory Manual Harmonization Committee (LMHC) has reported significant progress towards its goal of achieving the harmonisation of language used on gemmological reports, following its latest meeting, which was hosted by the Swiss Gemmological Institute – SSEF, in Basel, Switzerland, in May. Following the meeting, LMHC members unanimously approved three new information sheets that standardise terminology and testing procedures, and

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IIGJ Signs MoU with Welingkar Institute

Mumbai: Indian Institute of Gems & Jewellery (IIGJ) Mumbai , a project of the Gem & Jewellery Export Promotion Council of India (GJEPC), has come-up with a one of its kind 3 Year Graduate Program in Jewellery Design & Manufacturing Techniques with an introduction to Management studies in collaboration with Welingkar Institute of Management. With these courses in the offering,

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GJSCI Aiming to ‘Skill India’, Launches RPL Program

Mumbai: Gems & Jewellery Skill Council of India Launched the RPL Program (Recognition of Prior Learning) as the first step to uplift the Karigars in the Gems & Jewellery Sector along with an awareness Ad Film during a conference at Indian Merchants Chamber in presence of Industry Thought leaders like Prem Kumar Kothari, Chairman, GJSCI, Binit Bhatt, COO, GJSCI, Vijay

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Sotheby’s to Auction Lucara’s 1,109 Ct Diamond

London: Sotheby’s has announced that Lucara Diamond Corp has selected it to auction the 1,109-carat Lesedi La Rona diamond – the second-largest ever recovered, according to a report on cbc.ca. The auctioneer said that the sale, which is planned to take place on June 29 in London, could potentially realize as much as $70 million. “Not only is the rough

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Blue Fancy Color Diamond Prices up 1.7% in Q1 '16

New York: The Fancy Color Diamond Index for the first quarter of 2016 showed fancy blue diamond prices rising by 1.7%.  During the same period, fancy yellow diamonds saw price declines of 1.8%, while fancy pink diamonds saw a 0.3% price increase. Overall prices in the fancy color diamond category remained largely unchanged for the period. In comparison, according to

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