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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Top News

Platinum Evara Unveils New Campaign

Mumbai: Today’s young women are not confined by a singular notion of how their life should unfold. Instead, they believe in exploring their strengths, embracing their flaws, and most importantly, taking pride in who they have come to be.  Keen on crafting their own stories, their journey is defined by self-belief, defining their worth on their own terms, and learning to

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De Beers Announces Changes to Exe. Committee

London: De Beers Group has announced its new organisational structure and Executive Committee. The structure is designed to deliver De Beers’ strategy, generating sustainable profitable growth and building on the company’s leading position in the diamond industry. The composition of the De Beers Executive Committee – the most diverse in its history – reflects the breadth of the business, stretching

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C. Krishniah Chetty Acquires Reena’s Paintings

Toronto: Artist Reena Ahluwalia has released intricate, bedazzling paintings of the Maharaja and Maharani of Mysore. Now, the Royal Mysore paintings have been acquired by C. Krishniah Chetty Crystal Museum – a private, by-appointment museum in Bengaluru, India. In Royal Mysore paintings, Ahluwalia captures the opulence of the past and etches the historic legacy of Indian gems and jewelry onto

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Rio Tinto unveils Beyond Rare collection of diamonds

Perth: Rio Tinto has introduced its much-anticipated Beyond Rare™ collection, featuring a stunning array of pink, red, and yellow diamonds. The collection unveiled in an invitation-only event known as The Art Series, boasts 48 exceptional polished diamonds, including heritage inventory from the renowned Argyle diamond mine and precious yellow diamonds from Rio Tinto’s Diavik diamond mine. Sinead Kaufman, chief executive of Rio Tinto

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8 Diamond Companies Partner with NDC

Mumbai: The Natural Diamond Council (NDC) has announced a major partnership with eight of the world’s most influential diamantaires. For the first time since the inception of the NDC (formerly the Diamond Producers Association), a collective agreement has been reached with a significant number of major businesses in the natural diamond value chain. This strategic alliance between the NDC and

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KP Plenary Session Ends with a Positive Note

Victoria Falls: The 2023 Intersessional Meeting of the Kimberley Process concluded yesterday in Victoria Falls, Zimbabwe. Addressing the Closing Session of the gathering, World Diamond Council President Feriel Zerouki was positive about headway having been made during the four-day event. “Decisions of the Kimberley Process are taken at Plenary Meetings, and so the goal of the Intersessional is to record

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Sir Gabriel ‘Gabi’ Tolkowsky Passes Away

Antwerp: Sir Gabriel “Gabi” Tolkowsky, one of the world’s most revered diamond cutters, has died at 84, friends and family wrote on social media on Monday. Born in Tel Aviv in 1939, Tolkowsky was from a family steeped in the diamond industry. He learned the trade from father, Jean, who had a diamond-polishing factory in Israel — an education that

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Sabyasachi Ray Appointed Member of PMAC

New Delhi: The Indian Government has announced the establishment of an independent Precious Metals Advisory Committee (PMAC) at the International Financial Services Centre Authority (IFSCA) to enhance the development of the precious metals’ ecosystem in the Gujarat International Finance Tec-City (GIFT-IFSC) and India’s overall gold economy. The PMAC will play a pivotal role in providing insights and recommendations on various

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