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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Israel to Hold Diamond Auction HH Show

Ramat Gan: The Israeli Diamond Industry is again preparing a major presence at HKTDC’s Hong Kong International Diamond, Gem & Pearl Show this year. The Israel Diamond Pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), will host 70 companies. There will also be 10 Israeli companies exhibiting in other locations throughout the show. Among the Israeli exhibitors

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Carats.io: Polished Diamond Prices Flat

Ramat Gan: Polished diamond prices in Israel decreased 0.16% during week seven of 2018. GDX, Carats.io’s general index, closed the week at 10,097.64. The index represents the most tradable diamonds in the Israeli diamond market. Carats Background – description of indexes: Carats tracks the asking prices of tens of thousands GIA certified, round diamonds offered on Get Diamond: GDX –

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Zaheer and Sagarika Celebrate V'Day with Platinum

Mumbai:  The month of February brings with it an air of romance. With Valentine’s Day around the corner, couples leave no stone unturned to express their love for their special one. It becomes extra special when it’s your first valentine’s day as husband and wife! For the newly wedded couple Zaheer Khan and Sagarika Ghatge, this day, had to be

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IIDGR Surat Lab Installs Solar Roof

Surat: The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, has installed a 34.8 kilowatt solar roof at its grading and inscription facility in Surat, India, to provide the operation with a renewable energy supply. Generating an average of 56,000 units of electricity each year, the solar plant will reduce the heat load of the

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HRD Antwerp Opens New Office & Lab in Dubai

Dubai: HRD Antwerp, Europe’s leading authority in diamond and jewellery grading and a subsidiary of the Antwerp World Diamond Centre (AWDC), has officially opened its new office and laboratory in Almas Tower, Jumeirah Lakes Towers,Dubai. The opening took place in the presence of H.E. Mr Rik Van Droogenbroeck, Ambassador of Belgium to the United Arab Emirates, and HRD Antwerp’s executive

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Sky Gold & Diamonds Reports 90% Growth in Q2

Mumbai: Sky Gold & Diamonds has reported a big growth in its net profit and revenue for the Q2 of FY27. The Company posted a consolidated net profit of Rs. 127.87 crore in the quarter ended September 2026, registering growth of 90.9% from Rs 66.99 crore in the year-ago period. Q2FY27 and H1FY27 Financial Highlights (Consolidated) (All figures in ₹

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Unlocking Digital Gold’s US$ 700bn Opportunity

Las Vegas: The digital gold market, worth US$45–55bn today, could unlock up to US$700bn in latent demand, according to new research from World Gold Council (WGC) and Boston Consulting Group. The report points to substantial untapped appetite among retail investors, with nearly nine in ten surveyed saying they would consider digital gold under the right conditions. The US$700bn opportunity represents

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Construction of India Jewellery Park, Mumbai Begins

Navi Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) yesterday marked a historic milestone in the development of India Jewellery Park Mumbai (IJPM) with the commencement of construction at Mahape, Navi Mumbai. The ceremony marks the transition of this long-cherished industry vision into the construction phase, bringing India’s ambition to establish a world-class, integrated jewellery manufacturing hub a significant

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