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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Top News

Russia Signs MOU with CIBJO and AWDC

Moscow: The Ministry of Finance of the Russian Federation has concluded a Memorandum of Understanding with CIBJO, the World Jewellery Confederation, and the Antwerp World Diamond Centre (AWDC), with the goal of harmonizing the official system used in Russia for the classification of polished diamonds with the standards and nomenclature applied internationally. The agreement was signed on January 24, 2018,

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ORRA Wins ‘Best Diamond Jewellery’ Award

Mumbai: A pair of earrings we are sure you have not seen elsewhere! Stealing the hearts of the jury, ORRA was awarded the Best Diamond Jewellery for their stunning pair of jhumka earrings titled ‘Kathakali’ at the GJTCI Excellence Awards 2017. The gala event, now in its fifth year, recognizes the top brands from the Indian Gem & Jewellery Industry

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HRD Antwerp Launches Online Jewellery Course

Antwerp: The HRD Antwerp has announced the launch of our brand new online “Jewellery Consultancy Course”. This free online course, which is just the first of many free online courses, will be launched during the International Jewellery fair in Tokyo, Japan, on January 24, 2018. With more than forty years of experience in the field of Diamond and Jewellery education,

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Saurabh Gadgil Appointed National VP of IBJA

Mumbai: Mr. Saurabh Gadgil has been appointed as the National Vice President for Indian Bullion and Jewellers Association’ Ltd. (IBJA) in a board meeting held on 23rd Jan, 2018. Saurabh Vidyadhar Gadgil, Chairman & Managing Director of P.N. Gadgil Jewellers, is from the distinguished and illustrious “Gadgil” family, which is a pioneer in the gold and jewellery industry of Maharashtra.

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Qatar Diamond Exchange Broadens Asian Presence

Doha: The Qatar Diamond Exchange (QDE) has signed a Memorandum of Understanding (MoU) with the Diamond Federation of Hong Kong, China (DFHK), establishing a strategic partnership between the two organizations. The agreement was formalized in Hong Kong by Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK. Founded in 2000, DFHK represents Hong Kong’s diamond

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Diamonds for Development Fund Receives Initial Funding

Gaborone: The Government of the Republic of Botswana and De Beers Group yesterday announced that De Beers Group has transferred its initial contribution of BWP1 billion to the Diamond for Development Fund, marking a major milestone in the progress of the Fund and its mandate to support Botswana’s long-term economic diversification. The disbursement follows the establishment of the Fund’s governance

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De Beers Reports Lower Q3 Output

London:  De Beers reported an 11% year-on-year decrease in rough diamond production to 6.8-million carats for the quarter ended September 30, primarily driven by planned plant maintenance at Orapa, in Botswana, and a slowdown at Venetia, in South Africa, ahead of a planned two-year production pause. Operational Performance: De Beers notes that rough diamond production was 11% lower at 6.8

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New FEMA Guidelines to Exporters Explained

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC), in association with IndusInd Bank, organized a webinar on 16 October 2026 to explain the revised Foreign Exchange Management Act (FEMA) guidelines and their implications for the gem and jewellery trade. Prakash Kumar Rath, Head – Gems, Jewellery and Diamond Division, IndusInd Bank, addressed key changes under the revised framework, which

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