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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GJEPC Employees Embrace Hindi in Nationwide Language Competition

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) conducted a special programme to encourage greater use of Hindi among its employees on 12 June. As part of this initiative, a Hindi Sentence Formation and Translation Competition was organized across various GJEPC offices. The objective of the contest, organised by the Council’s Rajbhasha (Official Language) Department, was to motivate employees to use

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Gemfields Successfully Completed Rights Issue

London: Gemfields Group Limited (GGL) has successfully completed its fully underwritten Rights Issue, raising approximately USD 30 million through the issuance of 556,203,396 new shares. The capital raise was initially announced on April 11, 2025. The Rights Issue received strong investor interest, with valid acceptances submitted for 458,330,512 new shares—representing around 82.40% of the total offering. The remaining 97,872,884 shares

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New Method Discovers Unknown Precious Coral Species

Zurich: A refined DNA-based method to distinguish look-alike “precious corals” used in luxury jewellery, developed by a joint team from the Swiss Gemmological Institute SSEF and the Zurich Institute of Forensic Medicine at the University of Zurich, has uncovered a precious coral species hitherto unknown in the gem trade and to science. It belongs to the Pleurocorallium norfolkicum species complex. “Several precious

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GJEPC Expresses Deep Sorrow over Vijay Rupani’s Demise

Mumbai: The former Chief Minister of Gujarat Mr. Vijay Rupani has died in the ill fated plane crash yesterday. He was travelling to London from Ahmedabad by an Air India flight. India’s Gem & Jewellery Export Promotion Council (GJEPC) has expressed profound grief over the untimely and sad demise of the departed leader. The condolence message issued by the GJEPC

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Senco Gold Launches Gold Transection Platform

Kolkata: Senco Gold & Diamonds announced its entry into the physical Gold business with the launch of its own online gold transaction platform named DG Gold (https://mydigigold.com/) Gold has always been regarded as the most trusted investment instrument across generations in India. With the growing consumer preference towards the use of technology, DG Gold by Senco Gold & Diamonds is

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GJEPC Gets Govt. Support to Boost Exports

Mumbai: In an exclusive interactive session organised by the Gem and jewellery Export promotion council (GJEPC), Mr. B V R Subrahmanyam, Commerce Secretary, MOC & I , Govt of India spoke to the gem and jewellery exporters on 4th September in Mumbai. The session was also attended by Mr. Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry; Mr. Colin

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6th Mubri Annual Meeting Ended Successfully

New York: The Sixth Annual Mubri Meeting took place virtually from September 2nd to 4th, which brought together members from different countries, attending conferences with a wide range of topics on business, social responsibility, sustainability and sales strategies. Important names in the international sector shared new insights and updates on the industry after a challenging 2020 and first half of 2021. Parallel

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2021 CIBJO Congress to Take Place Virtually

Milan: CIBJO, the World Jewellery Confederation, will hold its 2021 annual congress virtually during the first and third weeks of November, from Monday, November 1 through Thursday, November 4, and then from Monday, November 15 through Thursday, November 18. The congress will be conducted on the new Zoom Events platform, which allows congress delegates to mingle and interact in a

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