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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SSEF Launches GemTrack

Basel: The Swiss Gemmological Institute SSEF has announced the launch today of GemTrack™, a new service providing expert scientific opinion linking a cut gemstone to the rough stone from which it originated, thus enabling gemmologically the documentation of part of the stone’s journey from mine to market. The GemTrack™ service involves the combination of crystallographic, structural, chemical and microscopic analyses, which allow for

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IIGJ to Provide Services from Udupi also

Mumbai: Shri Suresh Prabhu, Hon. Union Minister of Commerce & Industry and Civil Aviation, inaugurated the Indian Institute of Gems & Jewellery (IIGJ), Udupi, an initiative of the Gem & Jewellery Export Promotion Council (GJEPC), established with the support of Ms. Nirmala Sitharaman Hon’ble Union Minister of Defence. With this IIGJ Udupi and others in Mumbai, New Delhi, Varanasi & Jaipur, GJEPC

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Coimbatore Gets Common Facility Centre

Mumbai: India’s Minister for Commerce & Industry and Civil Aviation, Mr. Suresh Prabhu laid the foundation of the Common Facility Centre (CFC) at Coimbatore – the ‘Ratna Abhushan Suvidha Kendra’, is a project by the Gem & Jewellery Export Promotion Council (GJEPC), sponsored by the Ministry of Commerce & Industry. Present on the occasion were Mr. B Sabarinath (President, Coimbatore

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DPA Launches New Diamond Campaign

Mumbai: Diamond Producers Association (DPA) recently announced the third wave of the Real is Rare, Real is a Diamond campaign. Entitled ‘For Me, From Me’, the campaign is inspired by the natural diamond industry’s strongest growth engine, women self-purchase, which today represents one-third of all diamond jewelry sales in the US, a $43 billion diamond market that grew +4% in

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Men of Platinum Expands Collection with New Designs 

Mumbai: Platinum Guild International (PGI) India has unveiled a new Men of Platinum collection featuring chains, pendants, bracelets and rings designed for men at different stages of their journey. Endorsed by Rohit Sharma and Anirudh Ravichander in the brand’s new campaign, the collection brings to life a central belief: enduring success is forged through character—the conviction to forge your own

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De Beers and Botswana Extend Partnership with Letsile Tebogo

London: De Beers Group and the Government of the Republic of Botswana today announced the extension of De Beers’ partnership with Olympic champion and Botswana sporting icon Letsile Tebogo. Originally launched in January 2025, when Tebogo was appointed a De Beers Global Ambassador, the partnership has now been expanded into a three-year programme of work between De Beers and the

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Divine Solitaires, SGL Launch ‘Know Your Diamond’ Zone

Mumbai: The initiative equips Divine Solitaires’ reputed partner jewellers with advanced screening technology that can help verify key characteristics of diamonds,including whether a diamond is natural or laboratory-grown, checking laser inscriptions andverifying Hearts & Arrows (H&A). The screening machines will be provided as inventory to premium Divine Solitaires partner jewellers, enabling consumers to access the technology free of charge at

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Sky Gold & Diamonds Acquires Purvi Gems

Mumbai: Sky Gold & Diamonds Ltd., (Sky Gold) one of India’s leading jewellery manufacturers and exporters, has successfully completed the acquisition of 100% equity shares of Purvi Gems & Jewellery (India) Private Limited, a company engaged in the manufacturing of uncut and precia jewellery and related products. Following the completion of the acquisition on October 7, 2026, Sky Gold is

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