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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WGC Publishes India Retail Investor Insights Report

Mumbai: The World Gold Council’s (WGC) latest India Retail Investor Insights report revealed that 29% of retail investors have never bought gold in the past but are open to the idea of buying gold in the future. 52% of investors already owned some form of gold, with 48% having invested in the 12 months preceding the survey. Gold jewellery and gold coins remained

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India Calls for Ban on Rough Imports for one Month

Mumbai: In a letter signed by Gem and Jewellery Export Promotion Council (GJEPC) Chairman Mr. Pramod Agrawal, President of the Bharat Diamond Bourse (BDB) Mr. Anoop Mehta and Mr. Marendra V Gandhi, President of the Mumbai Diamond Merchants Association (MDMA), the industry organizations are calling on their members to implement a cessation of rough diamond imports for the duration of

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JCK Shows in 2020 Are Cancelled

Las Vegas: Organizers of the JCK Las Vegas and Luxury exhibitions announced that both events will be canceled this year due to the spread of the deadly coronavirus worldwide. Exhibitions were rescheduled for June 2021 and will be held at the Venetian Resort & Sands Expo in Las Vegas. This decision was made in response to the unprecedented challenges faced

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Forevermark Unveils It's Latest Podcast Episode

Mumbai: This Earth Day, Forevermark has released its latest podcast episode, Levison Wood: Walking with Elephants on “The Power of the Diamond” series. Featuring renowned British explorer, conservationist, author and photographer Levison Wood, in conversation with Charlie Mayhew, CEO of Tusk, Levison speaks about his love of elephants from when he was a child; to his most recent expedition in the spectacular Botswana landscape trekking alongside these majestic creatures on

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India Govt. Includes Jewellery in FTWZ

New Delhi: In a significant policy clarification, the Government of India has brought jewellery under the ambit of Free Trade Warehousing Zones (FTWZ), extending the scope of the existing framework governed by the SEZ Rules, 2006. Under a Circular dated 3rd March 2016, FTWZ units were already permitted to undertake storage and vaulting of precious commodities such as gold, silver,

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Sennes Launches its 1st Exclusive LGD Store in Noida

Noida: Backed by the legacy and trust of Senco Gold & Diamonds, Sennes – Senco’s lab-grown diamond (LGD) focused lifestyle brand – announced the launch of its first exclusive store in Noida at Gaur City Mall. This marks Sennes’ 12th store in the country and its debut in the Noida market, further strengthening its presence across key urban centres. Positioned

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Botswana Leadership Takes its Place on The World Stage

Gaborone: The Government of Botswana in collaboration with the Diamond Sector, has launched the 60 Years of Diamond Leadership Initiative and unveiled the diamond embedded medals for the Debswana World Athletics Relays Gaborone 26 at the Botswana National Museum. This moment marks a defining shift in Botswana’s diamond journey: from resource extraction to global reputation; from mineral value to public

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GJC Issues Statewide Guidelines & Multilingual SOPs 

Mumbai: The All India Gem and Jewellery Domestic Council (GJC) has launched a comprehensive industry-wide initiative to safeguard jewellery traders across Maharashtra by rolling out structured guidelines and Standard Operating Procedures (SOPs) aimed at ensuring fair, transparent, and accountable policing practices during theft investigations. This initiative follows the Government of Maharashtra’s circular dated March 14, 2024, and reflects GJC’s proactive

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