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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GJEPC to Organise 1st Diamond Jewellery Virtual BSM

Mumbai: After the success of the Virtual Buyer-Seller Meets (VBSM) for Loose Diamonds and Plain Gold Jewellery, India’s Gem and Jewellery Export Promotion Council (GJEPC) is all geared up for the Diamond Studded Jewellery VBSM from 25th – 28th November 2020. Buyers are expected from the UK, the USA, Europe, Australia, New Zealand and Russia. Top diamond jewellery manufacturers from

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WDC’s 2020 AGM Focuses on Latest KP Developments

New York: Members of the World Diamond Council (WDC) assembled for the organization’s Annual General Meeting on October 19, 2020, joined by invited guests, among them representatives of the governments involved in the Kimberley Process and members of civil society. In contrast to previous WDC AGMs, this gathering was not held in person but rather by videoconference, a consequence of

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India’s H1 G&J Exports Drop 43% to $8.48 Billion

Mumbai: India’s overall gross exports of gems and jewellery during April-September 2020 declined 43% to $8.48 billion compared with $14.87 billion in the corresponding period a year ago. In the same six-month period, the overall gross imports of gems and jewellery dropped 52% to $4.23 billion as compared to $8.89 billion in the previous year, reports Gem and Jewellery Export

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IDE to Hold Rio Tinto Tender from 25th Oct

Ramat Gan: The Israel Diamond Exchange (IDE) will hold a tender of rough diamonds by Rio Tinto from October 25 – 28, 2020 in the IDE International Tender Center. On offer are a unique collection of large (+10.8 Ct), high quality Specials and Fancy Colored rough diamonds, originating from the Argyle, Diavik and Murowa mines. The goods will be offered

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Rio Tinto Launches its Final Beyond Rare Tender

Mumbai: Rio Tinto has launched its final Beyond Rare TM Tender, the third in its annual Art Series, featuring 52 lots of extraordinarily rare masterpieces of nature, from its Canadian and Australian diamond mines. Titled Into the Light, this unique event marks a special chapter in world diamond history. With Rio Tinto’s Australian Argyle Diamond Mine ceasing operations in November

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JGW Hong Kong Honours Sustainability Champions

Hong Kong: The Winners and Finalists of the Sustainability Awards 2025 by JWA (Jewellery World Awards) were celebrated at a Recognition Ceremony hosted last night by the industry’s No.1 jewellery sourcing destination – Jewellery & Gem WORLD Hong Kong (JGW). Powered by Informa Markets Jewellery, the Awards programme recognises exceptional sustainability initiatives within the fine jewellery, gemstone and related sectors.

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Diwali Edition of GJS Opens in Mumbai

Mumbai: The India Gem & Jewellery Show (GJS2025) – Diwali Edition officially opened yesterday with a grand inauguration ceremony at the Jio World Convention Centre, Mumbai. The prestigious event was inaugurated by Chief Minister of Maharashtra, Mr. Devendra Fadnavis who attended the #HamaraApnaShow as Chief Guest, marking a proud moment for the Indian gem and jewellery industry. Also graced by

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Augmont Receives Promising Gold Bullion Refiner Award

Mumbai: Augmont Enterprises Ltd., one of India’s established gold platforms, has been recognized with the prestigious “Promising Gold Bullion Refiner (All India)” award at the India Gold Conference (IGC) 2025. This recognition reflects the company’s role in contributing to the evolving bullion industry. At the conference, Mr. Ketan Kothari, Director at Augmont, was presented with the IGC Excellence Award 2025:

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