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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GJEPC Team Meets Nirmala Sitharaman

New Delhi: A GJEPC delegation met Union Finance Minister Mrs. Nirmala Sitharaman in New Delhi on 27th March 2026 to discuss matters concerning the industry. The Council delegation, led by Mr. Kirit Bhansali, Chairman, GJEPC, also included Mr. Shaunak Parikh, Vice Chairman, GJEPC; Mr. Sabyasachi Ray, Executive Director, GJEPC and Mr. K.K. Duggal, Director – Policy, GJEPC. A key focus

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Gemfields Releases 2025 Audited Report

London: Gemfields Group Limited (GGL) recently announced its audited Annual Report for the year ending December 31, 2025, reporting total revenue of $ 135.1 million, down from $ 199.4 million in 2024. The fall in revenue was credited to disruptions in the emerald market during the first half of the year and reduced recovery of premium-grade rubies at Montepuez Ruby

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41st World Diamond Congress Announces Programme

Singapore: The Organising Committee of the 41st World Diamond Congress, to be held July 12-15, 2026, in Singapore, announced its Congress programme. The Congress will include five discussion forums or panels. They are: The World Diamond Congress is the diamond industry’s foremost global gathering, held biennially by the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association

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Lucia Silvestri is the Chief Guest at Artisan Awards 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has announced 8th April 2026 as the date for the prestigious Artisan Jewellery Design Awards 2026. Official theme of the Award is “Quantum Couture – Re-Engineering Beauty and Cultural Codes.” The GJEPC team declared, “We are honoured to welcome Lucia Silvestri, the creative force behind some of Bvlgari’s most iconic masterpieces,

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Boodles is Select Atelier for Argyle Pink Diamonds

London: UK luxury jeweller, Boodles has become a Select Atelier for Rio Tinto’s Argyle Pink Diamonds. Boodles joins an exclusive group of master craftsman and luxury jewellers entrusted with transforming Argyle pink diamonds into exquisite jewellery. Josephine Johnson, manager of Argyle Pink Diamonds said “Boodles are an exciting British fine jeweller with over two centuries of heritage, who continue to

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New Synthetic Detection Technology by IIDGR

London: The International Institute of Diamond Grading & Research (IIDGR), part of The De Beers Group of Companies, today announced that it will unveil the latest addition to its suite of synthetic detection technology at the forthcoming Hong Kong Jewellery & Gem Fair between 14 and 18 September 2016. The new instrument, PhosView™, is a compact, self-contained screening device designed

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GJEPC Discusses Mumbai Jewellery Park with Govt.

New Delhi: The representatives of India’s Gem & Jewellery Export Promotion Council (GJEPC) recently hosted a meeting with senior officials of various government departments to discuss the proposal for setting up the “Mumbai Jewellery Park” (MJP) to facilitate development of a modern centralized infrastructure for gold jewellery manufacture in close proximity to the city. The upcoming MJP is a mega-project

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German Jeweller Awarded AAD by WDM

Hong Kong: Designer Diamonds, a family-owned engagement and wedding ring retailer headquartered in Munich, Germany, and the World Diamond Mark Foundation (WDM), a non-for-profit organization established in 2012 by the World Federation of Diamond Bourses (WFDB), have signed an accreditation agreement that secures the status of Designer Diamonds not only as the first WDM retailer in Germany, but also as

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