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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GJNRF Donates 2 Vans to Roti Bank

Mumbai: India’s Gems and Jewellery National Relief Foundation (GJNRF) and Bharat Diamond Bourse (BDB) yesterday donated 2 vans to Roti Bank, one of Mumbai’s largest non-profit organisation which bridges the gap between hunger and excess food. Mr. D Sivanandhan, former Commissioner of Police, Mumbai, now Mentor at Roti Bank graced the occasion and addressed the gathering about the Roti Bank. He informed that just in over

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Albert Milton of De Beers Group Dies

Gaborone: De Beers Group has announced the demise of Mr. Albert Milton, Managing Director, Debswana, the 50/50 joint venture between the Government of the Republic of Botswana and De Beers Group. Mr. Albert became unwell in Johannesburg on Thursday evening. He was admitted to hospital but died early on Friday morning. The Group expressed deepest condolences to Albert’s family, relatives

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LDJS Generates Tremendous Response on Debut

Mumbai: Lab Grown Diamond and Jewellery Promotion Council (LGDJPC) concluded the debut show of LDJS (International Lab grown Diamond Jewellery Show), the B2B expo, spread over 40,000 square feet in a world class air conditioned in Mumbai. The debut show accommodated 70+ exhibitors who showcased a whole of the LGD range & they met a demand of product mix that

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CIBJO Urges at IIJS to Adopt Responsible Sourcing

Mumbai: All participants in the jewellery and gemstone value chain will need to come to terms with the fact that basic due diligence demonstrating that they are sourcing their supply responsibly is becoming is a regular requirement for doing business, said Gaetano Cavalieri, President of CIBJO, speaking last week in Mumbai. At the same time, he added, the systems being

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Global Jewellery Industry Meets at IIJS Bharat Premiere 2026

Mumbai: Over 2,700+ international visitors from 80+ countries & 50,000+ trade visitors are set to converge in Mumbai for the most anticipated gathering of the global jewellery industry. Among them is Suzan Von Zahn of SVZ Jewellery, South Africa, who shares her excitement about attending IIJS Bharat Premiere 2026 and exploring the exceptional craftsmanship and business opportunities the show has

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A Golden Milestone in India–Oman Trade Relations

Kolkata: Marking a significant step in strengthening bilateral trade ties, the first gold jewellery export shipment from Kolkata to Oman was successfully dispatched under the India–Oman CEPA framework. India’s gems & jewellery exports to Oman currently stand at -USD 35 million, including ~USD 10 million in gold jewellery. Exports could reach nearly USD 150 million over the next three years.

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De Beers Shares Latest Research on US Consumer Trends

London: Natural diamonds are the most desired luxury jewellery product, average purchase prices have increased 25%, Gen Z is now the second largest generation buying diamonds, and non-bridal occasions account for three-quarters of overall US demand. These are some of the key findings of De Beers Group’s latest US Diamond Acquisition Study, featuring responses from 18,500 women aged 18 –

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FTAs Offer Immense Export Opportunity for Indian Jewellery

Jaipur: The Department of Commerce, Ministry of Commerce & Industry, Government of India recently organized a focused outreach programme on “Leveraging FTAs for the Gems & Jewellery (G&J) Sector” in Jaipur, in partnership with the Gems & Jewellery Export Promotion Council (GJEPC). Exporters, manufacturers, MSMEs and other industry stakeholders participated in the programme. The workshop is part of the Government’s

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