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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WFDB Concludes the International Summit

Gaborone: The World Federation of Diamond Bourses (WFDB) has concluded its International Summit in Gaborone, Botswana, bringing together senior government representatives, industry leaders and stakeholders from across the global natural diamond value chain to examine the sector’s future amid shifting market dynamics and evolving consumer expectations. Held from 18-19 May in collaboration with Botswana’s Ministry of Minerals and Energy under

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WDHB Opens Nominations for World Diamond Heritage List

Singapore: The World Diamond Heritage Board (WDHB) has announced the official opening of the public nomination phase for the World Diamond Heritage List (WDHL); an inaugural selection of 100 natural diamonds of outstanding historical importance. Nominations are open from May 18 to June 18, 2026. Every person — from industry professionals to diamond lovers — is invited to nominate up

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GJEPC Meets Maharashtra CM to Discuss Key Ind. Priorities

Mumbai: Mr. Kirit Bhansali, Chairman of Gem & Jewellery Export Promotion Council (GJEPC) and Mr. Anoop Mehta, Convener, Diamond Panel & President, Bharat Diamond Bourse (BDB), yesterday met Hon’ble Chief Minister of Maharashtra Mr. Devendra Fadnavis to discuss key priorities concerning the growth and development of the gem and jewellery sector in the state. The discussions focused on strategic initiatives

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India is Committed to Strengthening Credibility in Diamond Sector

Mumbai: The Kimberley Process (KP) Intersessional Meeting 2026 concluded in Mumbai under India’s Chairship, bringing together representatives from KP Participants, Observers, industry stakeholders and civil society organizations for four days of deliberations on the future of the natural diamond sector. Welcoming the conclusion of the Intersessional, Union Minister of Commerce and Industry Mr. Piyush Goyal said India, as the world’s

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Mubri Organized 4th International Meeting

Cuenca, Ecuador: From September 30th to October 2nd took place the Fourth World Meeting of the International Mubri – Mujeres Brillantes Association, whose main mission is to help women ( and most recently some men) to advance and develop in the jeweler sector through education, mentorship and networking. The chosen city was Cuenca, Ecuador, better known as World Heritage according

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‘Diamonds-Are they Forever?’: Seminar by GIA India

Surat: GIA India organised a seminar on “Diamonds – Are They Forever?” to help customers of Cygnus Jewellery in Surat, Gujarat, gain knowledge and confidence. More than 60 diamond connoiseurs and buyers of diamond jewellery attended the seminar on Sept. 19. GIA Instructor Vijay Parmar shared insights on diamonds and their properties, the famous 4Cs of Diamond Quality – Color, Clarity,

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Rio Tinto Unveils $1.1 mln. Argyle Diamond Jewellery

Perth: Rio Tinto has unveiled in New York an iconic piece of jewellery handcrafted using Argyle diamonds from its Australian mine and gold that has been mined and minted by Rio Tinto in the US. The US$1.1 million necklace and ring known as Argyle Dreaming™, was created by famed international designer, master craftsman and jeweller John Calleija. The one-off necklace

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CAR Launches Complete Reform in Diamond Mining

Antwerp: Ahead of the Annual General Membership (AGM) meeting of the World Diamond Council (WDC) in Antwerp, the Government of the Central African Republic (CAR) launched a full overhaul of the country’s alluvial diamond mining sector. Going forward, the CAR’s Government will stand for a bold new and drastic approach where full transparency and proper due diligence protocols, traceability of

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