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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Rio Tinto Unveils Its Largest Vivid Pink Diamond

Sydney: Rio Tinto has unveiled the largest Vivid Pink diamond in the history of its Argyle Pink Diamonds Tender, during a world exclusive preview in Sydney. The 3.14 carat polished emerald cut diamond, known as The Argyle Alpha™, is part of the dazzling line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle Pink Diamonds Tender. Following

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Forevermark Hosted 7th Forevermark Forum

New Delhi: Forevermark, the diamond brand from the De Beers Group of Companies, in keeping with commitment to all its authorised jewellers, diamantaires and manufacturers from across the world, hosted the much awaited 7th edition of the Forevermark Forum from July 9-11, 2018 in Delhi. This year’s theme at the forum was ‘The Future Is Now’. The goal of this

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Peter Meeus to Head World Diamond Mark

Antwerp: The World Federation of Diamond Bourses (WFDB) has announced that former Dubai Diamond Exchange (DDE) President Peter Meeus will take over as head of its World Diamond Mark (WDM) programme. Meeus is a diamond industry veteran who served as President of the DDE from 2009 to 2018 and was Managing Director of the Hoge Raad voor Diamant (HRD), now

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World Diamond Congress Starts from Oct 23, 2018

Mumbai: The World Federation of Diamond Bourses (WFDB) has announced that the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai, India, from October 23 to 25. WFDB President Ernie Blom said, “I am delighted to be able to confirm the dates for the World Diamond Congress.

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AGL Celebrates Five Years under New Management

New York, 15th April: American Gemological Laboratories (AGL), a provider of high-quality gemstone analysis and reporting is celebrating its five-year anniversary under the stewardship of Christopher P. Smith. “Five years ago, AGL was re-privatized during one of the most difficult periods the US and world financial markets have experienced in recent decades. AGL, however, had a good reputation and we did

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Gold Smuggling Arrests Jump 750% YoY in India

Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have

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