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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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

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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

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INNOV8: Innovative Seminars at IIJS Premiere

Mumbai: The India International Jewellery Show (IIJS) Bharat Premiere 2026, being held by GJEPC between 5th & 10th August at two different venues of Mumbai has, as usual also organized the Innov8, a series of innovative seminar at both the venues. The schedule is given below: Some of the key sessions at BEC Hall 6 include:6 Aug: Luxury Jewellery, Retail

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Qatar Diamond Exchange Joins the WFDB

Doha: The Qatar Diamond Exchange (QDE) has officially been admitted as a member of the World Federation of Diamond Bourses (WFDB), the exclusive organization that – as of now – unites 27 diamond bourses on five continents under common trading rules and a shared code of conduct. QDE’s admission was announced during the 41st World Diamond Congress, convened by the

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Major Duty Relief to India's G&J Industry

Mumbai: A recent notification (Circular No. 17/2019-Customs; F.No. DGEP/G&J/06/2019, issued by Government of India, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs, (Directorate General of Export Promotion)) has come as a major relief to the gems and jewellery (G&J) industry. In effect, the circular says that Additional Customs Duty / Countervailing Duty (CVD) is not

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Global Gemstones Market to Grow at CAGR of 5%

New Delhi: Gemstones market will develop at a Compound Annual Growth Rate (CAGR) of approximately 5% during 2018 to 2026, as reported by a new research intelligence outlook of Future Market Insights (FMI), reports KNN. According to the FMI’s report, global demand for gemstones is envisaged to surge steadily over the course of coming years. Gemstones worth nearly US$ 22

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KP Intersessional Meeting Concludes Successfully

Mumbai: India, as the KP Chair for 2019, successfully hosted the KP Intersessional meeting in Mumbai. The meeting which started on 17th June and concluded on 21st June 2019. The Kimberley Process Certification Scheme (KPCS) Intersessional Meeting 2019 is an annual mid-year event of KPCS – a tri-partite mechanism that unites participating governments, diamond industry and civil society. KPCS is an international mechanism mandated by UN to reduce the

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CaratLane Launches its Fourth Store in Kolkata

Kolkata: CaratLane – A Tanishq Partnership, India’s leading omni-channel jeweller has launched its 4th store in Kolkata, taking the store count to 8 in the Eastern region of India and 61 across the country. Since its inception, CaratLane has revolutionised how Indian women buy and wear fine jewellery, by making modern, beautiful designs accessible to all. Situated at City Center 1, Salt Lake, a prominent residential

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