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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Huge Diamond Discovered in Sierra Leone

Freetown: Sierra Leone’s Minerals Agency announced that a 476-carat diamond has been discovered in the Kono district – the same part of the east country where a pastor unearthed a 709.1-carat stone in March that is being called the ‘Peace Diamond’. That discovery was the largest stone unearthed in Sierra Leone since 1972, when the 969-carat Star of Sierra Leone

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HRD Antwerp India Inaugurates Education Campus

Mumbai: HRD Antwerp has always been a global front-runner for industry related education, which includes diamonds, gemstones and jewellery. With the Indian gem and jewellery industry being a global leader when it comes to exports of diamonds, gemstones and jewellery, HRD Antwerp earlier this year decided to expand its education activities in India, and is now opening a brand new

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‘Forevermark’ Strikes New Partnership in Goa

Goa: Diamonds are a symbol of eternity. Forevermark, the diamond brand from The De Beers Group of Companies and Manek Gem Art International, two stalwarts of the jewellery world have been long associated and identified for their extraordinary work of art and flawless craftsmanship had organised a press meeting in Goa. Forevermark diamonds are the world’s most carefully selected diamonds.

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Global Gold Demand Falls 9% in Q3

Mumbai: Global gold demand in Q3 2017 was 915 tonnes (t), a drop of 9% compared with the same period in 2016, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. This decline was led by two key factors: a softer quarter in the jewellery sector and significantly lower inflows into exchange-traded funds (ETFs). Global jewellery demand

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Divine Solitaires, SGL Launch ‘Know Your Diamond’ Zone

Mumbai: The initiative equips Divine Solitaires’ reputed partner jewellers with advanced screening technology that can help verify key characteristics of diamonds,including whether a diamond is natural or laboratory-grown, checking laser inscriptions andverifying Hearts & Arrows (H&A). The screening machines will be provided as inventory to premium Divine Solitaires partner jewellers, enabling consumers to access the technology free of charge at

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Sky Gold & Diamonds Acquires Purvi Gems

Mumbai: Sky Gold & Diamonds Ltd., (Sky Gold) one of India’s leading jewellery manufacturers and exporters, has successfully completed the acquisition of 100% equity shares of Purvi Gems & Jewellery (India) Private Limited, a company engaged in the manufacturing of uncut and precia jewellery and related products. Following the completion of the acquisition on October 7, 2026, Sky Gold is

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‘UNNATI’ to Power Women in G&J Industry

Surat: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of India’s gem and jewellery industry, yesterday launched ‘UNNATI – Powering Women in Gems & Jewellery’, a national mission to drive women in the sector learn, lead and grow as skilled professionals, entrepreneurs and future leaders. Beginning with its Gujarat chapter at Sardar Patel Smruti Bhavan, Surat, UNNATI

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QDE Widens its Scope with CIBJO Membership

Doha: The Qatar Diamond Exchange (QDE) has been admitted to membership of CIBJO, the World Jewellery Confederation (CIBJO), the international jewellery industry’s principal representative and standards-setting body. QDE joins as a National Association Member, extending the exchange’s international standing beyond the diamond trade into the wider diamond, coloured gemstone and jewellery sector. QDE’s membership was approved in CIBJO’s centenary year.

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