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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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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PGI Highlights Platinum’s Bright Opportunity in Jewellery

London: Platinum Guild International (PGI) successfully hosted the 2025 Platinum Jewellery Business Review (PJBR) event in London on 21st May 2025, themed “Platinum Jewellery – Ready to Shine in a New Era of Demand”. The event brought together platinum producers, industry experts and leaders, investors and analysts to explore new opportunities for platinum in the jewellery sector. Tim Schlick, CEO

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AWDC Takes Leading Role in Global Campaign for Natural Diamond

Antwerp: On June 18, the Chairman of the Antwerp World Diamond Centre (AWDC), Isidore Mörsel, will represent the Antwerp diamond sector at a ministerial meeting in Luanda, Angola. The summit will be fully dedicated to broad-based generic marketing to promote natural diamond worldwide. AWDC has played a central role in successfully uniting all players in the diamond value chain behind

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Leaders Discuss How to Market Diamonds

Ramat Gan: The first day of the International Diamond Week in Israel (IDWI) featured a panel discussion on how to market diamonds. The speakers included IDWI Guest of Honor, the British jewelry designer Stephen Webster; Jean Marc Lieberherr, the newly appointed CEO of the Diamond Producers Association; Alex Popov, Chairman of the World Diamond Mark Foundation; and Patricia Syvrud, Executive

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India May Introduce National Gold Policy Soon

New Delhi: The government of India may introduce the National Gold Policy to find a long-term solution to huge gold imports, instead of relying on ad hoc measures such as raising import duty on the yellow metal, reports Deccan Herald. Additionally, the government may also look at establishing a Gold Board for managing import-export, develop accredited refineries, drive gold monetization

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Israel Diamond Jewelry Association Launched

Ramat Gan: The International Diamond Week in Israel (IDWI) is focusing attention this time on diamond jewelry and its importance in winning the heart of the consumer. The Israel Diamond Jewelry Association (IDJ) was officially launched yesterday at a ceremony held amidst an exhibition showcasing diamond jewelry produced by companies within the Israel Diamond Exchange (IDE). The IDJ Statement of

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CVD Diamonds Sold with GIA Certificates

Mumbai: A Diamond Intelligence Briefs (DIB) investigation has revealed that a vendor on the leading online global wholesale platform, Alibaba, has offered CVD lab-grown diamonds with GIA certificates. The seller, International Trading Corporation (ITC) claimed to have an ability to supply 10,000 carats of CVD diamonds per week and that it has a “stock of more than 25,000 IGI and

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