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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New Tariff Puts India’s G&J Exports Under Pressure

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has taken note of the United States’ transition from the temporary Section 122 balance-of-payments surcharge to the new Section 301 tariff regime, effective from 24 July 2026, under which the additional tariff on Indian gem and jewellery (G&J) exports remain unchanged at 10%. The new tariff framework follows the conclusion of investigations

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European Natural Diamonds Exempted from US Tariffs

Antwerp: Natural diamonds cut in Europe will once again be exempted from US import tariffs. This brings an end to the 10% import tariff that had been in effect for the past six months. The restored exemption is significant news for the Antwerp diamond sector: Antwerp is Europe’s leading diamond-cutting centre, and the United States is a major trading partner

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De Beers’ Rough Production Rises 88% in Q2 2026

London: De Beers has reported that its rough diamond production was 88% higher at 7.8 million carats, reflecting the impact of the extended maintenance shutdown in the comparative period at Orapa in Botswana, as well as the planned mining of higher-grade ore at both Jwaneng in Botswana and Gahcho Kué in Canada. Planned plant maintenance at Orapa and Jwaneng during

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Only Natural Diamonds Should be Graded with 4Cs: CIBJO

Milan: The Diamond Commission of the World Jewellery Confederation (CIBJO) has insisted that the 4C polished diamond grading system (cut, color, clarity, and carat weight) should only be used for natural stones, but not synthetic ones. In the Special Report prepared for the upcoming 2026 CIBJO Congress, the Commission’s head Udi Sheintal also urged the industry’s stakeholders to use the

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Jewellery Design in Limelight at JNA Conference

Hong Kong: JNA, the publication of Informa Markets’ Jewellery Group, will chart jewellery designers’ fascinating creative process from mind to market in its conference during the September Hong Kong Jewellery & Gem Fair 2019 in Hong Kong, China. The JNA Conference: “From Inspiration to Innovation – The Designer’s Journey of Creativity” takes place on 19 September 2019 from 3pm to 5pm at Rooms S426

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Karisma Kapoor Unveils Forevermark Festive Collection

Mumbai: OM Jewellers launched their festive collection crafted with genuine, natural Forevermark diamonds. Film star Karisma Kapoor graced the occasion at their Borivali, Mumbai store yesterday. Highlighting the exquisite brilliance of a Forevermark diamond, OM Jewellers has expertly curated 300 gorgeous pieces crafted in beautiful, rare and responsibly sourced diamonds making it ideal to gift or self-purchase during the festive season. Each of the designs

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De Beers Sales Continues to Drop

Gaborone: The seventh cycle of De Beers has generated $280 million, a whopping 44% less than the $503 of the same cycle in 2018. The current sales number is slightly higher than the $280 in the sixth cycle. Mr. Bruce Cleaver, CEO, De Beers Group, said, “With midstream participants continuing to work down polished diamond inventory levels and reduced levels

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Gemewizard Launches Gem Color Academy

Ramat Gan: Gemewizard, the Company in digital solutions for the analysis, description, pricing and trading of color in gemstones and colored diamonds, has inaugurated the Gem Color Academy, its online educational arm that will provide professional-level knowledge and experience for the gem and jewelry industries.   With the start of operations, the Gem Color Academy is launching a landmark course dedicated

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