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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3rd IGJS Concludes with Valuable Interactions

New Delhi: India’s Minister of Commerce & Industry and Railways, Mr. Piyush Goyal inaugurated the 3rd India Gold and Jewellery Summit (IGJS) 2019 in Delhi on 22nd November, assuring members of the industry from different parts of the country who had gathered for the two-day event, that the government will lend its full support to them to enable the industry

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Gemfields Partners with Fashion and Art Worlds

Miami: Gemfields is partnering with Whitewall to present ‘GEOCHROM’ by Sebastien Leon for this year’s Design Miami/ global design forum. The result is an artistic experience that will bring to life the inimitable beauty of responsibly sourced gems, celebrating the unique story within every gemstone. Sebastien Leon is a French Los Angeles-based artist and designer. Through his multi-disciplinary work, Sebastien brings

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KP Insists to Observe Caution about CAR Shipments

New Delhi: The Kimberley Process (KP) Plenary Meeting was held in New Delhi, India, on November 18 to 22, 2019. This notice addresses the implications of the agreement at the gathering by KP member countries to restructure the Operational Framework System created for the Central African Republic (CAR), while maintaining the current strict monitoring of exports. This is a provisional modification that

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First Round of Jury Concludes for Artisan Awards

Mumbai: Eminent jury comprising renowned fashion, design and jewellery experts recently completed the first Jury round for the 3rd Artisan Jewellery Design Awards 2020 organised by Gem and Jewellery Export Promotion Council (GJEPC) in Mumbai. The theme Architectural Gems, the Artisan Awards 2020 looks at celebrating three key periods from different architectural eras – Art Deco, Islamic Arabesque and Neo-Futurism. The jury comprised of Interior Designer Ashiesh Shah,

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Chow Tai Fook to Buy Hearts On Fire for $150 Mn

Beijing: Chinese retailer and manufacturer Chow Tai Fook is buying all the assets of diamond brand Hearts On Fire for $150 million in cash, reports jckonline. The company will be run as a standalone division under current management, a statement said, though there are plans to introduce the brand into Chow Tai Fook’s retail network in Hong Kong, China, Macau,

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Hardest Synthetic Diamond Ever Made Unveiled

Beijing: Chinese researchers from Yanshan University have created a synthetic diamond harder than its natural counterpart and able to withstand even hotter temperatures, according to a report published in mining.com The team, led by Yongjun Tian, says the new form of diamond could be used to make superior cutting or crushing tools, capable of operate under very extreme conditions. The

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'Presidents Forum' Formed

Antwerp: The heads of the jewellery and diamond industry’s four leading international representative bodies have agreed on Tuesday to establish “The Presidents Forum,” which is a joint consultative committee with its members being the presidents of each organization. Together they will discuss and formulate coordinated strategies and policies for the industry on important issues of common interest. Hosted by Dr.

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First Texas-Israel Diamond Show in September

Ramat Gan: This fall strategic cooperation between the Texas Jewelers Association (TJA) and the Israel Diamond Institute (IDI) will produce the first Texas-Israel Diamond Show in San Antonio from September 29 – 30, 2014. This is the first time that jewelers in Texas and surrounding states will be offered the opportunity to buy diamonds directly from the source. The unique

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