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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Global Platinum Jewellery Demand Down 7% in Q1

London: Demand for platinum jewellery across the world in the three-month period ended on March 31, 2019 (Q1) fell by 45 koz, or 7% year-on-year to 560 koz due to a continued decline in Chinese demand, mitigated by a rise in all other regions, the World Platinum Investment Council (WPIC) said today in the latest edition of its Platinum Quarterly.

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Celebrate Mother’s Day with Rare Platinum

Mumbai: Mother – the purest love you will ever know. Far from the worldly vices of greed and selfishness her love only gives. She is your fiercest protector, your relentless nurturer and your inmost being. This magical bond you share with her is one of a kind, deserving of a precious gift this mother’s day. So choose something as rare

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Forevermark Now Available in Mysuru

Bengaluru: Tholasi Jewels have partnered with Forevermark, the diamond brand from the De Beers Group, to exclusively launch the brand at their store in Mysuru. While Forevermark encompasses the promise of beautiful, rare and responsibly sourced diamonds, Tholasi Jewels provides certified jewellery and trusted services to its customers. The synergy of these two brands has brought about an ideal collaboration

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Alrosa Tech to Unveil Diamond Identification Tool

Vancouver: ALROSA TECHNOLOGY will unveil its new-generation ALROSA Diamond Inspector for the screening and identification of natural diamonds, treated diamonds, laboratory-grown diamonds (LGDs) and simulants at the Fifth Mediterranean Gemmological and Jewellery Conference in Cyprus (May18) and at a special seminar session at the Israel Diamond Bourse (May 21). The ALROSA Diamond Inspector is a portable mini-laboratory for complex optical

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Gold Smuggling in India May Fall to 50 Tonnes

Mumbai: Going by the seizures of gold which has increased four times in 2013-14, intelligence agencies have estimated gold smuggled in the country around 50 tonnes in 2013-14 which is way lower from the estimated by the World Gold Council (WGC), reports The Business Standard. WGC had estimated nearly 200 tonnes of gold entered India unofficially. Trade circles have been

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India May not fully Withdraw Gold Curbs

New Delhi: Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent, reports The Indian Express. “The current account deficit situation is still being closely monitored. The curb on gold imports was

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Gujarat Govt. Assures Help for Diamond Bourse

Surat: As the prices of realty in Vesu and Dumas areas have skyrocketed following the announcement of proposed diamond bourse, diamantaires spearheading the movement for a world-class diamond bourse in the city have started lobbying with the state government for land, reports The Times of India. Members of Surat Diamond Bourse (SDB) committee, which includes chairman of leading diamond companies

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Antwerp Seizes Parcel of Banned CAR Diamonds

Antwerp: The Antwerp diamond industry, represented by the Antwerp World Diamond Centre (AWDC), is stepping up its efforts in combatting conflict diamonds. The city, largely owing its reputation as the most transparent and strictly controlled diamond trade centre to the rigorous controls of all diamond imports and exports at the Antwerp Diamond Office, is determined to continue its strong commitment

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