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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EU Slams KP Inaction on Russian Diamonds

Dubai: The European Union (EU) has expressed deep disappointment over the failure of the Kimberley Process (KP) to address the implications of Russia’s war in Ukraine on the global diamond trade, marking the third consecutive year of inaction. The EU, in a statement released on 18th November, criticised the KP’s inability to confront the issue, which has significantly eroded the process’s

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CIBJO Partners with Kering to Launch Design Award

Milan: The World Jewellery Confederation (CIBJO) is partnering with the Kering group of luxury brands in the launch of Kering Generation Award X Jewelry. Aiming to support visionary talent whose work demonstrates excellence in sustainable design and practices in jewellery-making, the international contest will be coordinated by Poli.Design, a consortium of Politecnico di Milano, Italy’s leading technical university. It will

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India Allows Jewellery Exports from Amritsar

New Delhi: The Ministry of Commerce & Industry has issued an update in the Gazette of India has announced an important amendment to the Handbook of Procedures, 2023, to further streamline jewellery exports. The Directorate General of Foreign Trade (DGFT) issued a public notice dated 13th November adding Amritsar Airport as an authorized export point for gold, silver, and platinum

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Celebrate Int’l Men’s Day with MS Dhoni Signature Collection

Mumbai: This International Men’s Day, experience MS Dhoni’s most admired values and characteristics embedded in every smooth curve, fluid design and bold lines of Men of Platinum’s recently launched MS Dhoni Signature Edition. This iconic collection by Platinum Guild International (PGI) India’s Men of Platinum encapsulates Dhoni’s inspiring journey as well as his unmatched character and greatness with the resplendence of rare and

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PGI Partners with KL Rahul to Launch New Collection

Mumbai: Be it life as we know it or a game of cricket, one needs to steer through and negotiate the challenging circumstances that it brings. There are choices to be made at every point in this fast-changing world. Choices that put one’s values and character to test. Choices between being feared or remembered. Between following the tried and true

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IDI Registers Production Growth Across the Board

Ramat Gan: Israel’s diamond figures for the first three quarters of the year, released by the Diamond Controller of the Israel Ministry of Economy and Industry, show substantial growth in diamond imports and exports, says the press release distributed by the Israel Diamond Institute (IDI) on Tuesday noting that the growth continues the positive trend of the last quarter of

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CIBJO Releases Technology Special Report

Milan: With fewer than four weeks to go to the opening of the 2021 CIBJO Congress on November 1, 2021, the fifth of this year’s CIBJO Special Reports has been released. Prepared by the CIBJO’s new Technology Committee, headed by Stephane Fischler, the report focuses on disruptive technological breakthroughs in the jewellery and gemstone industry and trade, for which in

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Ahmed Bin Sulayem is Ambassador for WDC’s Initiative

Dubai: DMCC announced that its Executive Chairman and Chief Executive Officer, Ahmed Bin Sulayem, and its Special Advisor – Precious Stones, Dr. Martin Leake, have been appointed as ambassadors of the World Diamond Council’s (WDC) updated System of Warranties (SoW) initiative following its launch in September 2021. The SoW applies every time a rough or polished diamond changes hands, whether

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