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

Set New Export Target of $75 Bln by '22: Suresh Prabhu

Mumbai: The Union Minister for Commerce & Industry and Civil Aviation Mr. Suresh Prabhu said that India’s exports in the year 2017-18 were the highest in last six years. He added that India’s exports have been growing at a higher rate in the last few months. He said that if we continue with this pace, India may be able to

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GIA to Present Product & Service Developments at IIJS

Mumbai: GIA India will present laboratory and education offerings, live demonstrations of the GIA iD100 gem testing device, complimentary seminars and more at the India International Jewellery Show (IIJS) from 9-13 August, 2018 at Bombay Exhibition Centre, Mumbai. To learn more about GIA India’s offerings, visitors can step in to Booth #1D066 and Booth #2B003. Live demonstrations of GIA iD100, which

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PNG Jewellers Reveals Plans for Rapid Expansion

Mumbai: In a bid to take its legacy to even greater heights, PNG Jewellers announced its plans to initiate a franchise model for the first time at a recent press conference. Named ‘IFO-Initial Franchise offering’, the programme aims to intensively increase the penetration of the jewellery brand in both Tier I and Tier II cities in Maharashtra within the next

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5 Carat+ Grading Service at Mumbai by HRD Antwerp

Mumbai: Diamond grading for higher carats has traditionally been a time consuming and costly process for the traders who send in their stones to the labs overseas and further await the grading reports that are sent from international locations thereby adding to the time lines. There has been a constant demand to make higher grading available within India. This emerges

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Demand for Indian Gold Jewellery to Rise

Mumbai: India’s gems and jewellery exporters are set to shine brighter than domestic retailers. Positive signs from export destinations such as higher disposable income and consumer spending as well as improvements in consumer confidence is set to support export volumes of gems and jewellery, maintain analysts. An economic recovery is also set to benefit exporters, reports Mineweb.com. Indian exporters are

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IGI Becomes Premier Affiliate Sponsor of NCDIA

New York: The International Gemological Institute (IGI) has joined the Natural Color Diamond Association (NCDIA) as its first premier affiliate member. With an aim to educate consumers and increase global demand and desire for natural color diamonds, NCDIA is a not-for-profit, membership-based organization. Beyond the record-breaking blue and orange diamonds sold recently at auctions, the association has been working to

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ADB to Participate in Int’l Diamond Week

Ramat Gan: The Israel Diamond Exchange (IDE) announced that a delegation of the Antwerp Diamond Bourse (Beurs voor Diamanthandel) will join colleagues from the Diamond Dealers Club of New York to take part in the International Diamond Week at the Israel Diamond Exchange, from Monday, September 1 to Thursday, September 4. “We’re very pleased that the Antwerp Diamond Bourse will

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EGL International Clarifies…

Ramat Gan: EGL International Managing Partner and CEO Guy D. Benhamou has categorically refuted claims made on a regional television station in the United States that EGL’s grading standards were lower than those of its competitors. He added that it was untrue that EGL had been contacted for comment on the case by the TV station as claimed in an

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