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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“Diamonds & Antwerp, it’s in our DnA!”

Antwerp: The Antwerp diamond industry launched a new campaign yesterday that aims to reinvigorate the city’s reputation as diamond capital of the world, both at home and abroad. “Diamonds and Antwerp, it’s in our DnA” celebrates more than five centuries in which the city has been synonymous with diamonds, highlighted by a festive diamond themed period, starting October 2017, organized

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ALROSA Recovers a 241.21-Carat Diamond

Moscow: ALROSA, the world’s leader in diamond mining, has recovered a 241.21-carat rough diamond from the Nyurbinskaya diamond pipe. It is one of the largest rough diamonds recovered in the Russian Federation and the third largest among those found at the Nyurba Mining and Processing Division. The crystal measures 38.64 mm by 27.34 mm by 25.46 mm, and is translucent

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Rockwell Diamonds’ Productivity-Sales Jump in Q1

Vancouver: As a result of continuous improvement of mining throughput, Rockwell Diamonds has reported improved production and sales performance after a tumultuous quarter of the last financial period, with the volume of diamonds produced in Q1 (the three months ended May 31, 2016) up 32% compared to the first quarter of 2016 and up 7% on Q4 2016, “chiefly due

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IIa Technologies Wins SME100 Award

Singapore: Singapore-based IIa Technologies, the world leader in Grown Diamond technology, received the prestigious SME100 Awards for Singapore’s Fast Moving Companies on June 10, 2016. Independently researched, ranked and published by SME & Entrepreneurship Magazine, SME100 ranks the top 100 fast moving companies in selected countries in Asia based on both quantitive and qualitative criteria. Vishal Mehta, CEO, IIa Technologies

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