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

Read More »

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

Read More »

Top News

Diavik 'Stars of the Arctic' Dazzle in Rough Tender

Mumbai: Rio Tinto and Dominion Diamond Mines have revealed three of the finest large rough diamonds from their Canadian diamond mine that will be tendered to diamond specialists from around the world. Collectively known as The Diavik Stars of the Arctic, the three rough diamonds showcase a rare combination of size, quality and colour from the Diavik diamond mine in the

Read More »

Import Duty Hike to Strengthen Jewellery Mfg. in India

Mumbai: The Indian government recently increased the customs duty on categories of diamond such as semi-processed, half cut or broken, and cut and polished coloured gemstone to 7.5 per cent, from 5 per cent earlier, and increase in import of jewellery articles from 15% to 20% in a move to narrow the current account deficit (CAD). Mr Pramod Kumar Agrawal,

Read More »

Bharat Diamond Week Set to Welcome Buyers

Mumbai: The October 8-10 Bharat Diamond Week is set to welcome many representatives of diamond and jewellery companies who were planning to visit the Hong Kong Jewellery and Gem Fair but had to cut short or cancel due toTyphoon Mangkhut which battered Hong Kong. The typhoon led to the closure a day early of the initial part of the show

Read More »

PGI’s Campaign Celebrates the DaughtersOfToday

Mumbai: Society is constantly evolving and progressing. The expectations we have of each other, the way we relate to one another, we find often ourselves in astate of evolution. At the centre of this is the daughter of today. She’s modern, independent and strong-willed, who in her own unique way, will make the choices she needs to so she can always be the

Read More »

Senco Gold Opens Store in Bhubaneshwar

Bhubaneshwar: Senco Gold & Diamonds marked the beginning of the festive season with the grand launch of its flagship Janpath store in Bhubaneswar, inaugurated by actor Ms. Rakul Preet Singh. The occasion brought together festive glamour, timeless craftsmanship and contemporary design, offering customers an early glimpse into the season’s most coveted jewellery trends, from statement natural diamond creations for weddings

Read More »

Ekati Diamond Mine to Close Following Unsuccessful Sale Process

Toronto: Canada’s Ekati diamond mine is set to cease operations after owner Burgundy Diamond Mines failed to secure a buyer for the asset during a court-supervised sale process. According to documents filed with the Supreme Court of British Columbia, the sale process did not attract any compliant bids, leaving the company without the funding needed to continue operations. Burgundy has

Read More »

IIJS Bharat Premiere Receives Message from PM

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is organizing the 42nd edition of IIJS Bharat – Premiere from 5th to 9th August 2026 at Jio Convention Centre, BKC and from 6th to 10th August at the NESCO, Goregaon, Mumbai. On this occasion, India’s Prime Minister Mr. Narendra Modi has sent a special message to the GJEPC wishing the

Read More »

IIJ Awards on 2nd October in Mumbai

Mumbai: The India International Jewellery Awards (IIJA), an initiative by IBJA (India Bullion and Jewellers Association Ltd.) & Tefla’s is back—bringing together industry excellence, inspiring stories, and a distinguished celebrity jury. A $90B+ industry — and until now, no single honour platform that recognized all of it: from the master karigar at the workbench to the global icon whose work

Read More »

Latest Videos