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

Suresh Hathiramani Elected as Chairman of WDHB

Singapore: The World Diamond Heritage Board (WDHB) has announced the appointment of Mr. Suresh Hathiramani as Chairman and Mr. Alex Popov as Vice-Chairman, of the Selection Committee of the World Diamond Heritage List (WDHL). A Historic Initiative for the Diamond Industry: The World Diamond Heritage List is an initiative designed to identify and document the 100 diamonds that have shaped

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Antwerp’s Diamond Trade Increased by 20% in Q1

Antwerp: According to figures from the Antwerp World Diamond Centre (AWDC), the total volume of diamonds traded in Antwerp increased by nearly 20% in the first quarter of 2026 compared to the same period last year. The import of rough diamonds in particular saw strong growth, with a 35.7% increase in volume. In terms of total trade value, the trading

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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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HRD Antwerp Certified against 2013 COP

Antwerp: RJC announces HRD Antwerp NV has achieved Certification against the 2013 Code of Practices (COP) at its facilities in Antwerp, Mumbai and Istanbul. “It is a pleasure to announce HRD Antwerp NV has been certified against the 2013 COP. The new provisions under the 2013 COP address important issues for our Members and their supply chain. We are delighted

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Lucara Sells 813ct. Rough Diamond for Record Price

Gaborone: Lucara Diamond Corp. broke a world record for the sale of a rough diamond as an 812.77-carat stone from its Karowe mine in Botswana fetched $63.1 million. Dubai-based Nemesis International DMCC paid $77,649 per carat for the rights to 90 percent of stone, named ‘The Constellation.’ Lucara will retain a 10-percent interest in the net profit received from the

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PNG Jewellers Enters Lifestyle Seg. with Perfumes

Mumbai: PNG Jewellers is all set to explore the lifestyle and fashion segment with the launch of their perfume range. PNG has created recognizable signature fragrances that define today’s men and woman. Categorized as Gold and Gold Intense, they are introducing two stunning fragrances for men and women. These perfumes are meant to recreate the independent, unique identity of today’s

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Titan to Acquire Majority Stake in CaratLane

Bengaluru: Titan Company Ltd., a lifestyle company belonging to the Tata Group, said on Friday that it will be acquiring a majority stake in online jewellery chain CaratLane, according to a report publish in ibtimes.co.in. The cost of acquisition was not disclosed by the Bengaluru-based firm that makes jewellery under the name Tanishq, apart from watches, eyewear, perfume and accessories.

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