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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Kirit Bhansali Appointed as Nominee Director on IAGES Board

Mumbai: Mr. Kirit A. Bhansali has been appointed as the Nominee Director on the Indian Association for Gold Excellence and Standards (IAGES) Board, effective from11th May 2026. Mr. Bhansali, Chairman of India’s Gem & Jewellery Export Promotion Council (GJPEC) is a well-known personality in the Indian diamond and jewellery industry. He is a partner in Smital Gems, a leading diamond

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NDC Welcomes Rulings from ASA

London: Natural Diamond Council has welcomed two rulings from the UK’s advertising watchdog backing its efforts to protect consumers from misleading adverts of synthetic diamonds. The not-for-profit organisation, which exists to promote and protect the integrity of the global natural diamond industry, complained to the Advertising Standards Authority (ASA) about adverts by two retailers that failed to mention their products

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Second edition of “TREASURES” in Lisbon

Lisbon: The second Edition of TREASURES, an award-winning international colloquium, will take place under the patronage of the President of the Republic of Portugal at the Royal Treasure Museum, Palácio Nacional da Ajuda, in Lisboa, Portugal, November 13-14, 2026. The theme of this year’s edition is “Crowns and Tiaras.” During the two-day colloquium, participants will enjoy presentations by a choice

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GJC Gets New Office in Mumbai

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), representing over six lakh jewellers across India, marked another significant milestone in its journey with the inauguration of its new office at Trust House, Parel East, Mumbai. Over the past two decades, GJC has emerged as a leading national trade body advocating policy reforms, promoting transparency, encouraging responsible trade practices,

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Shrenuj Sight Suspended, Downs Botswana Ops

Mumbai: Shrenuj & Co., one of India’s largest diamond cutting firms, said its supply arrangement with De Beers has been suspended, and its Botswana operations were scaled back amid continued strain on its liquidity position, according to a report published on Rapaport. “In the recent few months, we have been facing strong headwinds in our business, largely due to external

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India’s G&J Sector to Grow by 11.26%: TechSci

Mumbai: Growing demand for designer jewelry, favourable government policies, rising disposable income along with formation of free zones to drive India gems and jewelry market through 2021. According to a recently released TechSci Research report, “India Gems and Jewelry Market By Product Type, By Point of Sale, By Organized vs. Unorganized, Competition Forecast and Opportunities, 2011-2021”, gems and jewelry market

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GJSCI’s RPL-Goldsmith Prog'm Launched in Kolkata

Kolkata: Edujobs Academy launches GJSCI Recognition of Prior Learning (RPL) Goldsmith Program. In the esteem presence of Shri. Sadhan Pande, Minister for Consumer Affairs, Self Help-Group and Self-Employment, Government of India, Smt. Smita Bakshi, member of West Bengal, Legislative Assembly, Government of West Bengal and Shri. Binit Bhatt, C.E.O, GJSCI. The RPL program is an initiative by Gem and Jewellery

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GJTCI Organized 4th Edition of Excellence Awards

Ahmedabad: With a view to contribute to Vibrant Gujarat- 2017, the gems & Jewellery Trade Council of India (GJTCI) is gearing up with many events to display the uniqueness and unmatched craftsmanship of our Jewellery Industry. GJTCI Excellence Awards is one of them. Going by the success and benefits of previous three Excellence Awards shows,  GJTCI had organized 4th Edition

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