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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
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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‘Made in India’ Jewellery Must Become World’s Trusted Choice: Chirag Paswan at IIJS Bharat Premiere 2026
Mumbai: Mr. Chirag Paswan, Minister of Food Processing Industries, Government of India, today inaugurated the 42nd edition of IIJS Bharat Premiere 2026 at the Bombay Exhibition Centre (BEC), NESCO, Goregaon — highlighting the Indian gem and jewellery sector’s role in strengthening Brand India on the global stage. Joining him as Guests of Honour were Mr. Paul Rowley, Executive Vice President,
WGC Launches ‘Swarnim Udaan 2047’
Mumbai: The World Gold Council (WGC) yesterday released a landmark vision document for Indian gold industry titled “Swarnim Udaan 2047: Unlocking the Full Potential of Gold Towards Viksit Bharat 2047,”. The report, developed with Monitor Deloitte as knowledge partner, sets out a long-term roadmap to reposition gold as a strategic economic lever for India’s economic growth and global competitiveness. As
IIJS Bharat Premiere 2026 Opens with New FTAs, New Markets
Mumbai: The 42nd edition of IIJS Bharat Premiere opened at the Jio World Convention Centre, Mumbai, today, against the most favourable trade backdrop the Indian gem and jewellery industry has ever known. A succession of free trade agreements — with the UAE, Australia, Oman and the United Kingdom, with the European Union and New Zealand to follow — has redrawn
BDB Hosts Presentation on Fluorescence in Natural Diamonds by GIA Experts
Mumbai: In the latest round of Leadership Series talks hosted by Bharat Diamond Bourse (BDB), two senior experts from the Gemological Institute of America (GIA)-Mr. Sriram Natarajan, Senior Vice President, Global Laboratory Operations, GIA, and Dr. Yun Luo, Director, Metrology and Quality Control, GIA, highlighted some of the institute’s latest scientific research into the impact of fluorescence on the appearance of natural
GJNRF Donates 2 Vans to Roti Bank
Mumbai: India’s Gems and Jewellery National Relief Foundation (GJNRF) and Bharat Diamond Bourse (BDB) yesterday donated 2 vans to Roti Bank, one of Mumbai’s largest non-profit organisation which bridges the gap between hunger and excess food. Mr. D Sivanandhan, former Commissioner of Police, Mumbai, now Mentor at Roti Bank graced the occasion and addressed the gathering about the Roti Bank. He informed that just in over
Albert Milton of De Beers Group Dies
Gaborone: De Beers Group has announced the demise of Mr. Albert Milton, Managing Director, Debswana, the 50/50 joint venture between the Government of the Republic of Botswana and De Beers Group. Mr. Albert became unwell in Johannesburg on Thursday evening. He was admitted to hospital but died early on Friday morning. The Group expressed deepest condolences to Albert’s family, relatives
LDJS Generates Tremendous Response on Debut
Mumbai: Lab Grown Diamond and Jewellery Promotion Council (LGDJPC) concluded the debut show of LDJS (International Lab grown Diamond Jewellery Show), the B2B expo, spread over 40,000 square feet in a world class air conditioned in Mumbai. The debut show accommodated 70+ exhibitors who showcased a whole of the LGD range & they met a demand of product mix that
CIBJO Urges at IIJS to Adopt Responsible Sourcing
Mumbai: All participants in the jewellery and gemstone value chain will need to come to terms with the fact that basic due diligence demonstrating that they are sourcing their supply responsibly is becoming is a regular requirement for doing business, said Gaetano Cavalieri, President of CIBJO, speaking last week in Mumbai. At the same time, he added, the systems being
