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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Top News

AWDC Presents 2nd Sustainability Report

Antwerp: The Antwerp World Diamond Centre (AWDC), the umbrella organization of the Antwerp diamond industry, yesterday launched its second sustainability report. It is an integrated report that does not shy away from thorny issues such as ‘reputation’, ‘integrity in the diamond value chain’ and ‘compliance in the diamond industry’. Furthermore, with this report, the AWDC fully adhered to the UN

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DPA Collaborates with Industry to Create New Occasion

Mumbai: Diamond Producers Association (DPA), the global alliance of leading diamond mining companies, is working with stakeholders in the industry to create a new occasion for diamond purchase. Through consumer research, DPA discovered that 39% of Indians consider the birth of a child to be an auspicious occasion for purchase of jewellery. Basis this insight, the idea was to create

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RJC Introduced its New Code of Practices

Paris: The Responsible Jewellery Council (RJC) has introduced its new Code of Practices (COP). The COP defines responsible, social and environmental business practices for companies in the jewellery supply chain and commits members to adhere to a robust set of comprehensive auditable standards. Since it was formed in 2005, the RJC’s third COP iteration reflects the evolving needs of the

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GJEPC to Hold Jewellery Design Workshop

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has organized 2-day Jewellery Design Workshop on 2nd and 3rd May, 2019 at the Bharat Diamond Bourse, Mumbai. The workshop titled ‘Aatman Inspirations 2020’ will decode jewellery trends into product collection, visual merchandising and product marketing. The workshop is divided into three modules 1) Creative, Design and Product Development Cycle 2)

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BSM Brazil 2027 Returns to São Paulo with Expanded International Presence

São Paulo, Brazil: Following the remarkable success of its previous editions, Buyer Seller Meeting (BSM Brazil) will return to São Paulo in April 2027, further strengthening its position as Latin America’s premier international B2B event for the diamond, gemstone, jewelry and precious metals industries. Organized with the mission of connecting qualified buyers and leading international suppliers, BSM Brazil 2027 will welcome an even larger number

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Israel’s Diamond Industry Under Severe Pressure

Mumbai: Israel’s once-prominent diamond industry is facing one of the most difficult periods in its history, with veteran traders reportedly leaving the business and searching for alternative livelihoods. A recent report by Ynetnews has highlighted the depth of the crisis at the Israel Diamond Exchange in Ramat Gan, traditionally one of the world’s important diamond trading centres. According to veteran

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‘Advanced Leadership Programme in Gold Entrepreneurship’

Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), announced the launch of the Advanced Leadership Programme in Gold Entrepreneurship, developed jointly with SPJIMR (Bharatiya Vidya Bhavan’s S. P. Jain Institute of Management & Research). The six-month executive programme is designed to build a new generation of professionally trained leaders for India’s gold and jewellery industry, combining SPJIMR’s academic

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Did Natural Diamond Ind. Misjudge LGD Threat?

The natural diamond industry is finally confronting a question it perhaps should have asked much earlier: Did it underestimate the speed, scale and nature of the laboratory-grown diamond (LGD) revolution? For years, laboratory-grown diamonds (LGDs) were treated by much of the natural diamond industry as a niche product—an inexpensive alternative with limited appeal to serious jewellery consumers. The assumption was

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