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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1st Diamond Studded Jewellery VBSM Inaugurated

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) today inaugurated the first ever Diamond Studded Jewellery VBSM in the presence of Chief Guest Mr. Suresh Kumar, Joint Secretary, MoC&I along with Mr. Colin Shah, Chairman, GJEPC; Mr. Dilip Shah, Convener, International Exhibitions; Mr. Sabyasachi Ray, ED, GJEPC among others through a virtual conference. The VBSMs have been a successful

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Australian Scientists Create Diamonds in Minutes!

Mumbai: The creation of diamonds normally takes billions of years, gigantic pressure and extremely hot temperatures. But one international team of scientists have defied the nature by producing the beautiful mineral in a laboratory at room temperature within only minutes. Scientists at the Australian National University (ANU), RMIT University, University of Sydney and Oak Ridge National Laboratory published their findings in

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UNI Diamonds to offer GIA Diamond Origin Reports

Mumbai: UNI Diamonds has reached an agreement with the Gemological Institute of America (GIA) to integrate GIA Diamond Origin Reports into all of the UNI diamond platforms, according to a press release issued by the Company. As a result of the agreement, key information about the provenance of diamonds carrying such reports, including images of the rough stones from which

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Silver Jewellery Demand in 2020 to Drops 23%

Mumbai: The Silver Institute hosted a webinar on 17th November, 2020, to discuss its annual Interim Silver Market Review. Philip Newman, Managing Director at Metals Focus, and his colleague, Adam Webb, Director of Mine Supply, presented the findings. The Interim Review features historical supply and demand statistics and provisional estimates for 2020. The following are the key highlights from the

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De Beers Partners with Cricketer Abhishek Sharma

De Beers Group, the world’s leading diamond company has announced its association with Indian cricketer Abhishek Sharma to celebrate natural diamonds in India, bringing together two forces defined by character, authenticity and enduring excellence. Abhishek Sharma has emerged as one of the most exciting voices in Indian cricket, known for his fearless style of play and strong personal identity. His

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Risk of Deception while Buying Diamond Jewellery

Antwerp: During a public event today at Antwerpen-Centraal railway station, the diamond industry body Antwerp World Diamond Centre (AWDC) raised awareness among passers-by about the risk of deception by jewelers when purchasing diamond jewelry. A lack of consumer knowledge about the difference between natural and synthetic diamonds makes them vulnerable to malpractice. During the initiative, passers-by could have their diamond

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GJEPC Organized IJEX FAM Programme

Dubai: The five-day Familiarization (FAM) Program by GJEPC’s India Jewellery Exposition Centre (IJEX), Dubai, provided Indian jewellery exporters with comprehensive insights into the Middle East market, focusing on regional dynamics, consumer preferences, and retail environments across the UAE. The 6th batch of the IJEX FAM Programme, initiated and facilitated under GJEPC’s Export Mentorship Programme (EMP), delivered a structured five-day immersion

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Augmont Launches SPOT 2.0 for Efficient Business

Mumbai: Augmont, India’s Gold Platform has announced the launch of SPOT 2.0 — an improved trading platform application that consolidates every Augmont product and service into a single, secure, and intuitive interface. Designed specifically for jewellers, manufacturers, and retail customers, SPOT 2.0 replaces the fragmentation of multiple tools under a unified platform that puts the entire bullion trading ecosystem offered by Augmont

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