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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Live Demo Jewellery Testing by GSI at Dubai

  Dubai: GSI, a leading diamond grading organization conducted a live demo testing at their breakfast seminar at DMCC Dubai. The seminar addressed managing the challenges on the myths, facts, and realities associated with the man-made diamonds. There were various misconceptions around the industry about the lab grown diamond and to address the major rising concern, GSI initiated a seminar

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De Beers to Launch Biggest Diamond Mining Vessel

Windhoek: Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, yesterday announced it is planning for the construction of the world’s largest custom-built diamond mining vessel. The new vessel, which is projected to cost approximately US$142 million (N$2 billion), is expected to commence operations in 2021. It will work alongside the

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Chinese Lab Finds Hard-To-Detect CVD Synthetic

Beijing: Since 2012, CVD synthetic diamonds have been tested and identified by National Gemstone Testing Center (NGTC) in Beijing, typically in sizes above 0.20 ct.  Since 2015, a large number of melee-size colorless and near-colorless synthetic diamonds have been detected in daily screenings at NGTC labs. Melee-size HPHT synthetics are accurately screened and identified at NGTC labs using new devices,

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Israel to Laser Cut Most Expensive Rough

Ramat Gan: The 813-carat Constellation Diamond has been brought to Israel to be laser cut, in the first stage of its processing since the diamond was discovered in Botswana’s Karowe Mine by Canadian producer Lucara in 2015. The Constellation was brought to Israel for processing at the advanced Synova laser cutting facility located in the Israel Diamond Exchange (IDE). The

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Natural Diamond Council Becomes ‘The Diamond Collective’

Mumbai: The Natural Diamond Council (NDC) now becomes ‘The Diamond Collective’ unveiling a new global strategy to reconnect natural diamonds with culture, strengthen consumer confidence and drive long-term relevancy. Shaped by new CEO Amber Pepper following six months of consultation with producers, retailers, brands, creatives and consumers, the strategy responds to a fundamental shift in how people discover, value and

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GJEPC Reviews FY2025-26 Performance & Priorities

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) held its 60th Annual General Meeting (AGM) on 23rd September, 2026, at the Bharat Diamond Bourse, Mumbai, in hybrid mode. The meeting was presided over by Mr. Kirit Bhansali, Chairman, GJEPC, in the presence of Mr. Shaunak Parikh, Vice Chairman; Mr. Anil Virani, Convener, Audit & Finance; Mr. Sabyasachi Ray, Executive

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India’s Studded Gold Jewellery Export Rises 51.22% 

Mumbai: India’s gem and jewellery exports continued their positive momentum in August 2026, with gross exports increasing 3.14% in US dollar terms and 12.52% in rupee terms year-on-year to US$ 2.30 billion (Rs. 21,945.87 crore), compared to US$ 2.23 billion (Rs. 19,503.52 crore) in August 2025, according to figures declared by Gem & Jewellery Export Promotion Council (GJEPC). A notable

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JGW September Gets 4.5% Jump in Attendance

Hong Kong:  JGW September (Jewellery & Gem World Hong Kong September) wrapped up yesterday shattering post-pandemic records, welcoming 57,632 “unique” buyers during its week-long run across two locations − a 4.5% increase over the previous edition, show organizer Informa Markets announced today. Staged as a massive dual-venue showcase, the B2B event ran from 14 – 18 September at the Asia

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