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

Examining Generic Promotion of Natural Diamonds

Milan: The Emmy Awards, the U.S. entertainment industry’s annual celebration of excellence in television, took place virtually on September 20 this year and featured the launch of the first-ever celebrity campaign by the Natural Diamond Council (NDC), the industry body dedicated to promoting the natural diamond category in consumer markets around the world. The star of the series of video

Read More »

Argyle Pink Tender Takes Inspiration from Japan

Perth: Rio Tinto’s annual Argyle Pink Diamonds Tender, the most exclusive diamond sale in the world, has taken its inspiration for its 2020 showcase from the Japanese philosophy of Ichigo Ichie, celebrating the unrepeatable nature of a moment in time. Rio Tinto’s Argyle mine in the remote East Kimberley region of Western Australia produces virtually the entire world’s supply of

Read More »

ISO Sets New Global Standards for Diamond Grading

Milan: CIBJO, the World Jewellery Confederation, has described as ground-breaking the publication by the International Standards Organisation of ISO 24016, the first-ever standard approved by the body that specifies the terminology, classification and the methods to be used for the grading and description of single unmounted polished diamonds. “This is a historic moment for our industry,” said CIBJO President Gaetano

Read More »

WGC's Commitment to Sustainable Development Goals

Mumbai: To coincide with the 75th session of the UN General Assembly – and the SDG Business Forum – the World Gold Council (WGC) has published a report entitled Gold Mining’s Contribution to the UN Sustainable Development Goals. The report outlines how leading gold mining companies are making a significant contribution towards the UN’s Sustainable Development Goals (SDGs). The report

Read More »

GJEPC Urges Finance Minister for Urgent Relief

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Mr. Kirit Bhansali, along with Vice Chairman Mr. Shaunak Parikh and Executive Director Mr. Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman recently to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by

Read More »

BDB Leadership Series Discusses Future of G&J Sector

Mumbai: The second edition of the Bharat Diamond Bourse (BDB) Leadership Series themed ‘Polishing Our Future’ concluded successfully with world renowned speakers attending the preparatory conference for the Gem and Jewellery Industry members. This was the third day of the three-day conference, the first two days dedicated to presentation of research papers by globally acclaimed scientists under the AGDRT (Advances

Read More »

Forevermark Diamond Jewellery Launched in India

New Delhi: Forevermark Diamond Jewellery from De Beers Group, the world’s leading diamond company, officially launched as a jewellery brand yesterday. India becomes the lead market for the Forevermark brand with a landmark brand debut and flagship store opening in New Delhi. The opening of the flagship New Delhi store marks a significant milestone in Forevermark’s journey of bringing its

Read More »

0% U.S. Import Tariff for EU-Polished Diamonds 

Antwerp: Thanks to intensive negotiations, the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry, has succeeded in securing a zero percent import tariff for natural polished diamonds under the trade agreement between the European Commission and the United States. This exemption is part of a U.S. executive order, effective retroactively as of Monday, September 1,

Read More »

Latest Videos