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

Read More »

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

Read More »

Top News

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

Read More »

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

Read More »

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

Read More »

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

Read More »

Forevermark:Autumn-Winter Diamond Jewellery Trends

Mumbai: Forevermark has unveiled its Trend Report for 2020. Developed at Forevermark’s Design and Innovation Centre in Milan, four key themes have been identified to inspire and shape desire fordiamonds in 2020. “From finding personal fulfilment, and creating meaningful design, to protecting our precious planet, and the value of empowerment and acceptance, the Forevermark 2020 Trend Book speaks to important

Read More »

Kalyan Jewellers India Limited Files DRHP with SEBI

Mumbai: Kalyan Jewellers India Limited (“Kalyan Jewellers” or “Company”), one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to the Industry Report on Indian Jewellery Retail dated August 21, 2020 issued by Technopak Advisors Private Limited, has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) for its

Read More »

442-carat Diamond Found at Letseng Mine

Mumbai: A small diamond miner that has dug some of the world’s most valuable gems from a mountainous African kingdom has found another huge stone. Gem Diamonds Ltd. said Friday it had an unearthed a 442-carat diamond at its Letseng mine in Lesotho. While it’s hard to establish a price for such stones before cutters can evaluate them, it could sell

Read More »

Cluster Mapping Survey Commissioned by GJEPC

Mumbai: The National Council of Applied Economic Research (NCAER) recently submitted its findings of a Cluster Mapping survey commissioned by the Gem and Jewellery Export Promotion Council (GJEPC) two years ago. Key objectives of the study initiated in August 2018 were: to identify gem and jewellery sectors across India; map skills/technology; analyse gaps in skill/technology; and assess the contribution of

Read More »

Latest Videos