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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Rio Tinto Diamonds Dazzle in Rough Diamond Tender

Perth: A selection of the finest rough diamonds from Rio Tinto’s Canadian and Australian mines will be tendered to diamond specialists from around the world in October and November. Headlining Rio Tinto’s forthcoming “Specials” Tender, which showcases rough diamonds greater than 10.8 carats, is Lot number 1, Diavik Helios, a 74.48 carat Fancy yellow diamond. The Diavik Helios takes its

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AG&J Responds to GIA Decision to Grade LGD

New York: Analytical Gemology and Jewelry head Mr. Dusan Simic has launched a response to the decision of the GIA to grade laboratory-grown diamonds in what he calls a standardized fashion. “It is also unfortunate that the GIA only made its decision regarding LGDs after the recent publication of the third edition of Laboratory-Grown Diamonds – Information guide to HPHT

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Forevermark Launches 3 Stores with Fortofino

Mumbai: Forevermark, the diamond brand from the De Beers Group launched three more doors in partnership with Fortofino in North India this week. The brand saw the opening of the 8th Forevermark Boutique in Ludhiana as well as the launch at the Fortofino stores in the city of Jammu and Ambala. This is the second store in Jammu after the success

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DITP to Host Full Scale of Virtual Jewellery Fair in Asia

Bangkok: The Department of International Trade Promotion (DITP) will organise “BGJF Special Edition – On Ground to Online Exhibition”, a fully online gems and jewellery exhibition via www.bkkgems-vts.com on 2-4 November 2020. This innovative online jewellery fair will replace the 66th Bangkok Gems & Jewelry Fair, which the DITP has now postponed until 23-27 February 2021. The Physical fair will

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WGC Launches ‘It’s Aaj ka Gold’ Campaign

Mumbai: The World Gold Council (WGC) recently announced the launch of its first India-focussed gold ETF campaign, built around the powerful core message ‘It’s Aaj Ka Gold’ (means ‘Today’s gold). The campaign is aimed at modernizing gold investment for the nation’s digital-savvy young investors. The campaign aims to address the awareness–action gap and reinforce the accessibility, liquidity and strategic relevance

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GJSCI’s Initiative on Tribal Youth Empowerment

Mumbai: The Shrimad Rajchandra Skill Development Centre, set up in partnership with the Gem & Jewellery Skill Council of India (GJSCI) in September 2022, is helping tribal youth in Dharampur, Valsad, in southern Gujarat build sustainable careers in the gem and jewellery sector. The centre offers training in jewellery CAD design, a key skill in modern jewellery manufacturing. Supported by

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Zen Diamond Opens Store in Chandigarh

Chandigarh: Zen Diamond continues to expand its presence in India with the opening of its latest boutique at Nexus Elante Mall, Chandigarh. After establishing a strong foothold in Mumbai with stores in Bandra and Borivali, and further strengthening its presence in Bengaluru with two stores, Zen Diamond now brings its hallmark of exquisite craftsmanship and modern design to North India.

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Rio Tinto Concludes Its Final Beyond Rare Tender

Perth: Rio Tinto has brought its celebrated Beyond Rare Tender series to a close, presenting 52 lots of exceptional fancy colour diamonds sourced from its Australian and Canadian mines. Titled “Into The Light,” the event was the third and final edition in Rio Tinto’s annual Art Series. With the Argyle Diamond Mine having ceased operations in 2020 and the Diavik

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