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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Senco Gold Opens Store in Bhubaneshwar

Bhubaneshwar: Senco Gold & Diamonds marked the beginning of the festive season with the grand launch of its flagship Janpath store in Bhubaneswar, inaugurated by actor Ms. Rakul Preet Singh. The occasion brought together festive glamour, timeless craftsmanship and contemporary design, offering customers an early glimpse into the season’s most coveted jewellery trends, from statement natural diamond creations for weddings

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Ekati Diamond Mine to Close Following Unsuccessful Sale Process

Toronto: Canada’s Ekati diamond mine is set to cease operations after owner Burgundy Diamond Mines failed to secure a buyer for the asset during a court-supervised sale process. According to documents filed with the Supreme Court of British Columbia, the sale process did not attract any compliant bids, leaving the company without the funding needed to continue operations. Burgundy has

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IIJS Bharat Premiere Receives Message from PM

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is organizing the 42nd edition of IIJS Bharat – Premiere from 5th to 9th August 2026 at Jio Convention Centre, BKC and from 6th to 10th August at the NESCO, Goregaon, Mumbai. On this occasion, India’s Prime Minister Mr. Narendra Modi has sent a special message to the GJEPC wishing the

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IIJ Awards on 2nd October in Mumbai

Mumbai: The India International Jewellery Awards (IIJA), an initiative by IBJA (India Bullion and Jewellers Association Ltd.) & Tefla’s is back—bringing together industry excellence, inspiring stories, and a distinguished celebrity jury. A $90B+ industry — and until now, no single honour platform that recognized all of it: from the master karigar at the workbench to the global icon whose work

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DPA Partners with Saffron Art

Mumbai: Diamond Producers Association (DPA), an international alliance of the world’s leading diamond mining companies, has partnered with Saffron Art, an international auction house that embraces and drives change. Continuing with their efforts of promoting real diamonds, DPA is sponsoring the biennial jewellery conference, Dialogues in Art; with the theme being ‘Mapping the legacy of Indian Jewels’ as an Ode

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CIBJO Releases Coloured Stone Special Report

Milan: With fewer than six weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the fifth of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Coloured Stone Commission, headed by Charles Abouchar, the report looks at opportunities provided by new technologies, and also at the vexing issue of gemstone variety

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Gemfields Hosts Introductory Course in Gemstones

London: Gemfields hosted a one-day introductory coloured gemstone seminar in London recently with industry experts. A panel of speakers – including specialists in sustainability, jewellery and gemmology– addressed sales and retail staff from key jewellery brands, lifting the lid on the charm, attraction and complexities of rubies, emeralds and sapphires, the three most coveted coloured gemstones. The latest adaptation of

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Be Vigilant against Diamond Purchase from CAR: WDC

Antwerp: The World Diamond Council, on the eve of its AGM in Antwerp has reiterated its call to members of the industry to practice the utmost caution when considering the purchase of goods that are known to have originated or are suspected to have originated in the Central African Republic (CAR). It said that legitimate purchases can be made only

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