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

Diamonds Hold Promise for Better future for Africa

New York: Diamond-producing countries on the African continent received about $8.1 billion, or 9.5 percent of the $85.9 billion worth of revenues generated by diamond jewelry in 2018, and some still may consider that an insufficient share, said World Diamond Council (WDC) President Stephane Fischler, speaking at the Russia-Africa Summit in Sochi, Russia, on October 23, 2019. But what is indisputable, he stressed,

Read More »

IIGJ Mumbai Hosted 13th Convocation Ceremony 2019

Mumbai: The Indian Institute of Gem and Jewellery (IIGJ) Mumbai witnessed a landmark celebration for its 13th Convocation Ceremony for the award of Degree in Bachelor of Arts (Gems & Jewellery) 2019 along with parents, students and esteemed guests. The Institute acknowledged the success and achievement of the graduating students for their sustained hard work, perseverance and dedication by awarding them trophies

Read More »

CIBJO Releases Gemmological Special Report

Milan: With fewer than four weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the seventh of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Gemmological Commission, headed by Hanco Zwaan, it considers measures that should be taken to ensure that a person reading a laboratory report

Read More »

De Beers' Diamond Production Down by 14% in Q3

London: De Beers’ diamond production decreased by 14% to 7.4 million carats in the third quarter of 2019 due to planned mine closures and the underground transition at Venetia, in South Africa, says Anglo American, which has a controlling stake in the group. The diamond giant also continues to produce to weaker market demand due to macro-economic uncertainty as well

Read More »

India’s Largest Platinum Experience Zone at Kalamandir Jewellers, Vadodara

Vadodara: Kalamandir Jewellers has unveiled India’s largest Platinum Experience Zone at its new flagship store in Vadodara, creating a dedicated destination for consumers to explore platinum jewellery across designs, occasions andprice points. The launch strengthens the visibility of platinum jewellery in Gujarat and complements Platinum Guild International’s (PGI) ongoing efforts to build awareness and appreciation for the metal through consumer education, design innovation

Read More »

JGW Hong Kong Begins from 14th September

HONG KONG: Next month, the global jewellery industry has only one destination: Hong Kong. Organised by Informa Markets, JGW September (Jewellery & Gem World September) brings together 3,000+ exhibitors from 40+ countries and regions, all showcasing the collections that will define retail displays worldwide. This is the trade’s ultimate B2B sourcing destination: Six specialised buying experiences where attendees move beyond

Read More »

GSI Issues India’s First Pigeon Blood Reports

Jaipur: Gemological Science International (GSI), one of the world’s largest gemological organizations, has begun issuing colored stone reports carrying recognized color trade names — Pigeon Blood for ruby, Royal Blue and Padparadscha for sapphire — in Jaipur and Mumbai. It is the first time such reports have been issued in India. The designations are granted only to untreated stones. Heated, diffused or otherwise enhanced material is

Read More »

Sky Gold Enters MSCI India Domestic Small Cap Index

Mumbai: Sky Gold & Diamonds Ltd, one of India’s fast-growing jewellery manufacturers, has been added to the MSCI India Domestic Small Cap Index, as part of the latest index review announced by MSCI. The inclusion marks an important milestone for Sky Gold, reflecting the company’s growing presence and relevance within India’s listed small-cap universe. A key development during the current quarter

Read More »

Latest Videos