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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WDC Urges KP to Unite to Overcome Obstacles

Dubai: The World Diamond Council President, Feriel Zerouki (WDC), delivered her opening address to the 2024 Kimberley Process (KP) Plenary with a compelling call for unity and action, addressing industry challenges and the need for essential reforms. In her keynote speech, she emphasized the WDC’s commitment to strengthening the KP and promoting an equitable and sustainable diamond industry. In her

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NDC Unveils New ‘Diamonds of Canada’ Report

Mumbai: Diamond Council (NDC) recently announced the launch of its latest report titled ‘Diamonds of Canada’. This report is an extension of the larger ‘Diamond Facts’ report unveiled by NDC last year, which aimed at highlighting the significance of natural diamonds and the positive impact on the communities they touch. The Diamonds of Canada report offers an in-depth look uncovering

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Get Festive Ready with Platinum Evara

Mumbai: It’s that time of the year to bring out the festive finery – for a day of celebration and evenings that spell sophistication and understated elegance; each look, talked about long after the party has ended.  As you elevate your style game, complement those stunning outfits with the precious timelessness of platinum jewellery. Unique platinum jewellery pieces from Platinum EVARA’s

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India Pavilion at Jewellery, Gem & Technology Dubai Exhibition

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organised an India Pavilion at the 3rd edition of the Jewellery, Gem & Technology Dubai 2024 show being held from 12th to 14th November 2024, at the Dubai Exhibition Centre. This year the India Pavilion is hosting 20 top Indian companies across 24 booths, showcasing an array of loose stones,

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India's Gold Demand can 'Shine' in Q4

Mumbai: India’s gold demand during Q3 2021 (July-September) jumped 47% to 139.1 tonnes versus 2020 owing to the return of positive consumer sentiments and increased trading activity, the World Gold Council (WGC) said in its latest Gold Demand Trends report. India’s Q3 2021 gold demand value was Rs. 59,330 crore, an increase of 37% as compared to Q3 2020. Jewellery demand in

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Record Results by Argyle Pink Diamonds Tender

Perth: Rio Tinto’s 2021 Argyle Pink Diamonds™ Tender collection of 70 rare pink and red diamonds from its Argyle mine in Australia has delivered the most significant set of record-breaking results in its 38-year history. The 2021 collection, titled The Journey Beyond™, is a historical collection comprising the pinnacle of the Argyle production, mined in its final year of operations,

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Alrosa Considers Partnering with GJEPC

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) welcomed representatives from ALROSA including Evgeny Agureev, Deputy CEO, and Stanislav Martanus, Head of Customer Policy Centre, and Mr. Dmitry Amelkin, Head of Strategic Development & Polishing Division at its head office in Bharat Diamond Bourse (BDB), Mumbai on 22nd October, 2021. This was the first high-level international delegation to visit

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Big Jump in LGD Sales in the US

New York : Two thirds of jewelers now sell lab grown diamonds (LGDs), says a survey of over 600 independent retailers across the United States and Canada. That figure is up from just 10 per cent five years ago, according to Instore, the US magazine for the jewelry industry, which commissioned the survey. More than half (56 per cent) said the

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