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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Q1 2021: Fancy Colour Prices Increase

New York: The Fancy Color Research Foundation (FCRF) announced today the Fancy Color Diamond Index results for Q1 2021. Prices of Fancy Color diamonds increased by 0.3% during Q1 2021 with Blues (0.5%) and Pinks (0.4%) marking the direction. Following a challenging year, the first quarter of 2021 proved that Fancy Color Diamond prices are resilient and on the rise

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DMIA to Showcase Diamond Verification Equipment

New York: The Diamond Manufacturers & Importers Association of America (DMIA), in cooperation with the Assure Program of the Natural Diamond Council (NDC) and the Jewelers Vigilance Committee (JVC), will host its first annual Diamond Technology Showcase, offering its members and industry operators at large an opportunity to try and test many of the diamond screening devices available today. Beginning

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IDMA, WDC Call to Help Indian Diamond Workers

Antwerp: The International Diamond Manufacturers Association (IDMA) and the World Diamond Council (WDC) have issued a joint call to members of the diamond industry and trade, urging them to join in contributing to the Gem & Jewellery National Relief Foundation (GJNRF), which will be used to provide food packages to the families of COVID-infected workers in the diamond cutting and

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India's Gold Demand Grew 37% in Q1: WGC

Mumbai: India’s Q1 demand for gold grew 37% to 140 tonnes compared to Q1 2020 (102 tonnes) buoyed by factors such as lower gold prices and the countrywide vaccination drive, according to the World Gold Council’s (WGC’s) latest Gold Demand Trends report. During January to March 2021, total gold jewellery demand in India was up by 39% at 102.5 tonnes as compared

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GJF Launches Monthly ‘G&J Times’

Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6th edition of its signature GJF NITE 2014 in Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM,

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India to Continue Gold Import Curbs

New Delhi: Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous UPA regime for controlling the widening CAD as they have worked. “Each step is being continued…efforts are being made to continue each of these

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IGI Announces Mobile App, Jaipur Lab

Mumbai: The International Gemological Institute (IGI) launched its new consumer mobile application for Android/iOS titled “my Diamond my Jewelry” at the India International Jewellery Show (IIJS) in addition to offering a live grading lab. During the show, IGI also detailed the opening of its next grading laboratory and education institute in Jaipur that will cater to the Rajasthan and North

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AWDC Participates in the Mine Entra Fair

Antwerp: The Antwerp World Diamond Centre (AWDC), the world leader in diamond trade, participates in the Mine Entra exhibition in Zimbabwe for the first time. “Now that the European sanctions are lifted, the way is open for intensive collaboration between Zimbabwe and the main commercial center for diamonds,” said Ari Epstein, CEO of the Antwerp World Diamond Centre. 84% of

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