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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Forevermark Diamond Jewellery Enters East India

Kolkata: Forevermark Diamond Jewellery from De Beers Group has strengthened its presence in East India with the launch of its new store at South City Mall, Kolkata, marking the opening of its 10th store in India and another significant milestone in the brand’s retail expansion journey. Inaugurated by filmstar Raima Sen, the store brings Forevermark’s signature collection of natural diamond jewellery to one of the

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India’s G&J Exports Recovers in June 2026

Mumbai: India’s gem and jewellery (G&J) exports rebounded sharply in June 2026, with gross exports rising 26.51% year-on-year to US$2.21 billion (Rs. 21,010.78 crore), signalling a recovery in overseas demand after a subdued start to the financial year. Despite the strong monthly performance, exports for the April-June quarter remained largely unchanged at US$6.61 billion (Rs. 62,588.61 crore), up just 0.04%

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GJEPC Personally Presents VIP Invitations for IIJS Bharat Premiere 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) continued its outreach for IIJS Bharat Premiere 2026 by personally presenting VIP invitations to leading jewellers in Mumbai and Kozhikode, reinforcing industry engagement ahead of the country’s largest B2B gem and jewellery exhibition. The invitations were presented by Mansukh Kothari, Convenor – Events, GJEPC; Nirav Bhansali, Co-Convenor, National Events Sub-Committee, GJEPC;

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Newly Elected WFDB President Mehul Shah Shares Vision for Industry

Mumbai: Mehul Shah, Vice President of Bharat Diamond Bourse (BDB) and newly elected President of World Federation of Diamond Bourses (WFDB) said that he and the WFDB committee led by him will focus on reaffirming the industry’s collective commitment to strengthening consumer confidence, and reinforcing the enduring value of natural diamonds. “We will focus on implementing the shared global vision

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India’s Diamond Market to be 3rd Largest by 2020

Mumbai: Driving by the booming millennials, the country is on course to become the third largest diamond market by 2020 overtaking Europe and Japan, says a report. Currently, the largest markets for this metal is China, the US, Europe and Japan, and India, and the first two are set to remain so, says a Bain & Company report. “We believe

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IIDGR in Surat Upgraded with $5 Million

Surat: Global diamond mining and trading major, De Beers Group on Tuesday unveiled its newly expanded diamond grading and testing centre, the International Institute of Diamond Grading & Research (IIDGR), in Surat at an investment of $5 million (approximately Rs. 34 crore), taking the group’s total investment in Surat to $15 million so far. The facility, employing about 100, has

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Indian Jewellers Urged to Go Cashless

Mumbai: All India Gems & Jewellery Trade Federation (GJF) has urged the entire gems & jewellery trade to go cashless in sync with the Honourable Prime Minister’s vision of Digital India and also to support the Government’s demonetization initiative to create a compliant, cashless and corruption-free economy. The biggest economic reform in independent India is a revolutionary measure to encourage

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6th Int'l Diamond Week to be ‘Bigger & Better’

Ramat Gan: According to organizers, the sixth edition of the International Diamond Week in Israel, to be held on February 13 – 16, 2017, is shaping up to be bigger and more exciting than ever before. The Israel Diamond Exchange (IDE) said that it is adding a host of new features, special guests and free attractions, to make this event

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