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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21st Presidents’ Meeting to Kick off in Dubai

Antwerp: The 21st Presidents’ Meeting of the International Diamond Manufacturers Association (IDMA) and the World Federation of Diamond Bourses (WFDB) will begin on September 23, 2019, in Dubai. The meeting, which is hosted by the Dubai Multi Commodities Centre (DMCC) and the Dubai Diamond Exchange (DDE) will take place at the DMCC headquarters, the Almas tower in the Jumeira Lakes district of

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Huge Participation at GIA Alumni Networking Events

Mumbai: GIA India hosted networking events in New Delhi on Aug. 19, in Jaipur on Aug. 20 and in Mumbai on Aug. 26 to foster networking and discussion among graduates of GIA education programs. More than 70 GIA alumni members from these cities gathered to meet with Shahdeh Ammadi, GIA Director of Institute Relations and for the opportunity to discuss creating more

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CIBJO Releases Responsible Sourcing Special Report

Milan: With fewer than nine weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the second of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Responsible Sourcing Commission, headed by Philip Olden, the report provides an overview of the first Responsible Sourcing Blue Book, which was approved in January of

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GJEPC Welcomes Exports Incentives by Government

Mumbai: Gem & Jewellery Export Promotion Council, the apex body of the industry in India has been representing G & J Sector Policy concerns and issues to the Govt. with an objective to give impetus to exports from the country. In a recently held Board of Trade meeting on 12th September, GJEPC Chairman Mr. Pramod Agrawal had urged several key policy recommendations to

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Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million

London: Gemfields recently announced revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats

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D. P. Abhushan Q4 2026 PAT Jumps 101% YoY

Bhopal: DP Abhushan Limited (NSE: DPABHUSHAN, BSE: 544161), a company marking golden legacy of 86 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 12 different geographics in India, announced its financial results for the fourth quarter and full year ended 31st March 2026. The company reported a strong performance with Q4FY26

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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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