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 Source of Paraíba Tourmalines Reportedly Discovered in Ethiopia

Basel: Copper-bearing tourmalines—widely known in the trade as Paraíba tourmalines—have captivated gem dealers, collectors, and enthusiasts around the world since they first appeared on the market in the late 1980s. The Swiss Gemmological Institute SSEF has received credible reports from trade sources that indicate a new deposit of copper-bearing tourmaline has been discovered in Ethiopia. To date, the number of

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Lukson Opens its 10th Exclusive Store in Bandra

Mumbai: Lukson, one of India’s fastest-growing lab-grown diamond jewellery brands and the D2C arm of the 34-year-old JK Star Group, announced the opening of its 10th exclusive retail store in Bandra, Mumbai, one of India’s most coveted fashion, luxury, and lifestyle destinations. The milestone opening marks a significant chapter in Lukson’s rapid retail expansion and reinforces the brand’s commitment to making

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JGA 2026 Opened in Hong Kong

Hong Kong: Nearly 1,100 exhibitors from around 30 countries and regions have gathered at the Hong Kong Convention & Exhibition Centre to showcase their latest collections to international buyers at Jewellery & Gem ASIA Hong Kong (JGA) 2026, which runs until Sunday, June 21, 2026. Organised by Informa Markets Jewellery, Asia’s No.1 mid-year B2B jewellery buying destination brings together two co-located

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IFSCA Permits GJEPC RCMC Holders to Import Gold, Silver Through IIBX

Mumbai: The International Financial Services Centres Authority (IFSCA), the unified regulator overseeing financial activities in GIFT City, has accepted key recommendations made by the Gem & Jewellery Export Promotion Council (GJEPC), allowing holders of a valid Registration-cum-Membership Certificate (RCMC) to access bullion imports through the India International Bullion Exchange (IIBX). Under a revised circular issued on 15 June 2026, valid

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Rio Tinto Previews Argyle Coloured Diamonds

Perth: Rio Tinto has provided a virtual preview of rare Argyle pink, red, violet and blue diamonds from its iconic diamond mine, in one of the very last offerings to an exclusive group of collectors, diamond connoisseurs and luxury jewellery houses. The 2020 Argyle Pink Diamonds Tender, a collection of the rarest diamonds from a year’s production from the Argyle

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First ever Virtual BSM by GJEPC Commenced Today

Mumbai: Gem and Jewellery Export Promotion Council of India (GJEPC), the apex body for promotion of Gems and Jewellery Exports, today inaugurated its first Virtual Buyer and Seller Meet (VBSM) for loose diamonds. The two-day meet will give an opportunity for buyers and exhibitors to connect and talk busines over the virtual platform. The inauguration ceremony was attended by Mr.

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GJEPC Suggests Changes to Gold Deposit Scheme

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) has proposed changes in the revamped gold deposit scheme to make it more attractive, enable its larger acceptance and garner additional deposits of idle gold in the country. The council suggested changes to the Revamped – Gold Deposit Scheme (R-GDS) in a video conference with Tarun Bajaj, Secretary in the Department

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MUBRI World Meeting Goes Virtual from 2-4 October

Panama: From October 2nd to 4th, the 5th edition of the MUBRI World Meeting – an event promote by the renowned MUBRI International Group, an association created in 2016, in Panama City, for the promotion, development and professional advancement of entrepreneurs in the jewelry, precious stones and watches sector. With past editions held in Italy – VicenzaOro, Spain – Madrid

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