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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Compensation of Millions Claimed over Diamond Heist

Brussels: Five years after the spectacular theft of diamonds from a Helvetic Airways plane, operator Swiss International Air Lines is demanding 48.4 million francs in compensation, reports thelocal.ch. A lawyer for the airline filed the claim in Brussels on Thursday when the case came before the criminal court, the Swiss news agency SDA reported. In February 2013 heavily armed thieves

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Argyle Pink Diamond Coin Unveiled in Berlin

Perth: Rio Tinto and The Perth Mint have unveiled the first pavé set Argyle pink diamond gold coin. Known as The Jewelled Phoenix, the coin is adorned with a delicately sculptured 18ct pink gold Chinese phoenix, hand set with a total of 1.22 carats of rare pink diamonds from Rio Tinto’s Argyle diamond mine in the east Kimberley region of

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Trade Expresses Mixed Reactions to India’s Budget

Mumbai: India’s Finance Minister Mr. Arun Jaitley yesterday presented the nation’s annual budget in the parliament. Various trade bodies of the gem & jewellery industry have sent their reactions which we put here in compilation: GJEPC: The newly elected Chairman of Gem & Jewellery Promotion Council (GJEPC) Mr. Pramod Agarwal said, “We welcome the Government’s development oriented Budget that will

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Edi Faltz Becomes New President of WJH

Panama: The membership of the World Jewelry & Diamond Hub (WJH), Panama, Latin America’s first and only diamond exchange, has elected Edi Faltz as its new President. He replaces Mahesh Khemlani, who served in the position since September 2015. The vote took place on January 10, following an earlier decision by the diamond exchange’s management, which appointed an Election Committee

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India & France Explore New Frontiers in Luxury Jewellery

Paris: India’s Gem & Jewellery Export Promotion Council (GJEPC) brought 17 curated Indian fine jewellery companies to Paris, with the India–EU trade agreement lending fresh momentum to business partnerships, creative exchange and brand-building across France’s luxury ecosystem. The pitch was partnership, not just supply. India is looking to deepen its place in the global luxury conversation—not simply as a leading

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GJEPC Partners with The Leela: Offers Benefits to Members

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has entered into a strategic alliance with The Leela Palaces, Hotels and Resorts to provide exclusive hospitality benefits to its members, marking the Council’s first partnership with a hotel group. The association is designed to support members’ business and personal travel needs, offering special pricing, room upgrades, hotel credits, dining and

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India’s G&J Exports Grow 9.43% in September 2026

Mumbai: India’s gem and jewellery (G&J) exports continued their growth trajectory in September 2026, with gross exports rising 9.43% in US dollar terms and 18.24% in rupee terms year-on-year to US$ 2.95 billion (Rs. 28,157.55 crore), compared to US$ 2.70 billion (Rs. 23,813.91 crore) in September 2025. For April–September 2026, India’s gross gem and jewellery exports reached US$ 14.30 billion

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Rohit Sharma, Anirudh Ravichander Star in Platinum’s New Campaign

Mumbai: Platinum Guild International (PGI) India unveiled a new campaign for its men’s jewellery brand Men of Platinum, featuring cricketer Rohit Sharma and music composer Anirudh Ravichander. The campaign signals an expansion of the men’s platinum jewellery category, speaking to a wider spectrum of men—from those seeking contemporary, design-led pieces as an expression of personal style to those drawn to

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