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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Will Diamond Prices Slump 10% in 2018?

Mumbai: Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10 per cent this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said Singapore-based Ben Cleary, who co-manages the $500

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Q4 Recovery Fails to Mitigate Full Year Declines in '17

Mumbai: Gold demand rallied in the closing months of 2017, gaining 6% year-on-year in Q4 to reach 1,095.8 tonnes (t). However, overall demand for the full year fell by 7% to 4,071.7t, compared with 2016, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. Inflows into exchange-traded funds (ETFs) continued steadily throughout the year, totalling 202.8t, but

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IDE Dedicates Diamond Tech Innovation Center

Ramat Gan: On the second day of the 7th International Diamond Week (IDWI), the Israel Diamond Exchange (IDE) officially launched its new innovation center Diamond Tech. The technological incubator, located within the IDE complex, will host and support diamond related start-ups in a variety of fields. Through this initiative, IDE will promote new technologies that will bring added value to

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Nirav Modi Booked in Bank Cheating Case

New Delhi: The Central Bureau of Investigation (CBI) has booked billionaire jeweller Nirav Modi, his wife, brother and partners for allegedly cheating Punjab National Bank (PNB) of Rs. 280.7 crore, reports the livemint. The agency acted on a 29 January complaint from the state-owned lender, which alleged these people conspired with some of its own officials, causing the bank “wrongful

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Global Certificate in LGD Technology Launched

Mumbai: The Indian Institute of Gems & Jewellery (IIGJ) and the India Centre for Lab Grown Diamonds (InCent LGD) at IIT Madras have commenced the first batch of their Global Certificate in Lab Grown Diamond Technology, with 23 participants. Classes began on 21 October 2026, following a virtual inauguration on 19 October. The inaugural batch includes entrepreneurs, manufacturers, representatives of

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GJEPC Participates in Haryana Workshop on Leveraging FTAs for Export Growth

Gurugram: India’s Gem & Jewellery Export Promotion Council (GJEPC) facilitated the participation of a delegation of its member exporters in the State-Level Workshop on ‘Leveraging Free Trade Agreements (FTAs) – Outreach Programme’, organized by the Directorate of MSME, Government of Haryana, at the Grand Hyatt, Gurugram, on 3 November 2026. The workshop, held under the theme ‘Translating India’s Free Trade

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IAGES New Film Moves ‘PehlaCheckIAGES’ from Awareness to Habit

Mumbai: The Indian Association for Gold Excellence and Standards (IAGES) is empowering gold buyers this festive season to make informed purchases by amplifying awareness about its #PehlaCheckIAGES campaign through engaging ad film created to build assurance and trust among buyers. Since its launch in December 2025, the ‘Before you buy Gold, #PehlaCheckIAGES’ campaign has urged consumers through diverse outdoor advertising

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Divine Solitaires Announces Special Festive Offers

Mumbai: Divine Solitaires, India’s leading natural diamond solitaires brand, is offering special Dhanteras benefits on its Diamond Coins from 26 October to 6 November 2026. The offer includes an assured gift with every eligible purchase, a lucky draw with 100% cashback vouchers for 10 customers, and price protection. Dhanteras is considered an auspicious occasion to welcome prosperity and good fortune,

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