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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Sara Ali Khan Appointed as Brand Ambassador of TBZ

Mumbai: The up-coming young Bollywood actress Sara unites with the most iconic jewellery brand to introduce highly stylish and affordable collections for today’s modern woman! India’s most trusted and well-known jewellery brand – TBZ-The Original (Tribhovandas Bhimji Zaveri Limited or TBZ Ltd.) has signed the actress Sara Ali Khan as the official Brand Ambassador, to be the face of the

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Akshay Tritiya Sales Encouraging

Mumbai: Gold purchases are an inseparable part of Akshay Tritiya celebrations for millions of Indians as a sign of prosperity, and it is also a window to the start of seasonal buying. The festive sentiment amongst both trade and consumers appears to be stronger this year. Mr. Somasundaran PR, MD, World Gold Council (India) says, “A favourable price offers a

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SSEF Performs 1st Radiocarbon Age-Dating Procedure

Basel: The Swiss Gemmological Institute SSEF has successfully age-dated the historic ‘Ana Maria Pearl’ using carbon-14 (14C). This is the first time such a procedure has been conducted on a historic natural pearl, to provide valuable and new information on the age of a gem. The Ana Maria pearl is due to be offered at Christie’s Geneva as lot 264

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GJSCI and WJA to Organise ‘Design Connect’

Mumbai: The Gem & Jewellery Skill Council of India (GJSCI), in conjunction with Women’s Jewellery Association (WJA) – India Chapter, has announced that it will organise ‘Design Connect’, a one-day event for jewellery designers to help connect and collaborate with manufacturers and retailers, at Hotel Sahara Star, Mumbai, on 26th June, 2019. The event will begin with a panel discussion

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WFDB Accepts Canada and S. Korea as New Members

Antwerp: The World Federation of Diamond Bourses (WFDB) has accepted the applications for membership of two bourses – the Canada Diamond Bourse and the South Korean diamond exchange. WFDB members approved the applications at the 36th World Diamond Congress in Antwerp which opened yesterday. The Congress is the bi-annual meeting of WFDB and the International Diamond Manufacturers Association (IDMA). The

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Diamond Mfrg. Industry Fighting for Survival: IDMA

Antwerp: “Diamond manufacturers worldwide are fighting for their survival. They are caught between – and battered by – the proverbial hammer, a rough diamond supply system that is foul and faulty – and the anvil, a vertically integrated financial structure that basically continues to bleed them,” Maxim Shkadov, president of the International Diamond Manufacturers Association (IDMA), the representative body of

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Gold Prices Unlikely to Settle due to Iraq Tensions

Mumbai: With the turmoil in Ukraine almost gone from the headlines, gold’s status as a hard asset and storer of wealth in times of trouble lost some of its shine. But as Iraq spirals into all-out war and the US looks in danger of being pulled back into a conflict it has spent the last six years extricating itself from,

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122.52 Carat Blue Diamond Found at Cullinan

Johannesburg: In what is shaping up to be one of most the amazing diamond finds in recent times, a 122.52 ct. blue diamond—the size of a walnut—has been discovered at the Cullinan mine in South Africa, said mine owner Petra Diamonds. Blue diamonds are ultrarare, as are stones weighing more than 100 cts.—making this, as Petra puts it, a “truly

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