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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India Govt. Includes Jewellery in FTWZ

New Delhi: In a significant policy clarification, the Government of India has brought jewellery under the ambit of Free Trade Warehousing Zones (FTWZ), extending the scope of the existing framework governed by the SEZ Rules, 2006. Under a Circular dated 3rd March 2016, FTWZ units were already permitted to undertake storage and vaulting of precious commodities such as gold, silver,

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Sennes Launches its 1st Exclusive LGD Store in Noida

Noida: Backed by the legacy and trust of Senco Gold & Diamonds, Sennes – Senco’s lab-grown diamond (LGD) focused lifestyle brand – announced the launch of its first exclusive store in Noida at Gaur City Mall. This marks Sennes’ 12th store in the country and its debut in the Noida market, further strengthening its presence across key urban centres. Positioned

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Botswana Leadership Takes its Place on The World Stage

Gaborone: The Government of Botswana in collaboration with the Diamond Sector, has launched the 60 Years of Diamond Leadership Initiative and unveiled the diamond embedded medals for the Debswana World Athletics Relays Gaborone 26 at the Botswana National Museum. This moment marks a defining shift in Botswana’s diamond journey: from resource extraction to global reputation; from mineral value to public

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GJC Issues Statewide Guidelines & Multilingual SOPs 

Mumbai: The All India Gem and Jewellery Domestic Council (GJC) has launched a comprehensive industry-wide initiative to safeguard jewellery traders across Maharashtra by rolling out structured guidelines and Standard Operating Procedures (SOPs) aimed at ensuring fair, transparent, and accountable policing practices during theft investigations. This initiative follows the Government of Maharashtra’s circular dated March 14, 2024, and reflects GJC’s proactive

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SODIAM Gets Interest from 5 major Auction Houses

Luanda: SODIAM has received interest from 5 global tender and auction houses related to the development of these services in the soon to be established Angolan Diamond Bourse (ADB). Hon. Diamantino Azevedo said, “Angola today has 14 active mining sites and has produced a total amount of 9.086 million carats in 2019 for an estimated value of US$1.263 billion. One

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…Giving Disabled Namibians a Bright Future

Windhoek: There have always been conversations around ‘disability’ and the word ‘disabled’. Who are the disabled? What is the definition of the word disability? What are organizations doing to weave them into the mainstream workforce? Diversity and inclusion does not only pertain to gender but also people with different abilities. They are differently-abled and not disabled. This is what Namibian

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India to Boost G&J Trade through E- Commerce

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in the past few years, has been actively pursuing projects and policies that could lead to a manifold increase in India’s outbound gem and jewellery trade. Aligning with the Prime Minister Mr. Narendra Modi’s vision of making the smallest of towns and villages active participants in the country’s export efforts, the

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Webinar on ‘November Birthstones Topaz & Citrine’

Mumbai: GIA India organised the Knowledge Webinar ‘November Birthstones: Topaz and Citrine’ for members of the gem and jewellery trade across India. More than 60 participants attended this webinar to learn important information about the two birthstones for November. GIA India Instructor Vijay Parmar shared insights on the sources, history and quality factors of topaz and citrine. The webinar also presented

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