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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GJEPC to Set up CFC at Thrissur, Kerala

Mumbai: The Chairman of India’s Gem & Jewellery Export Prpmotion Council (GJPEC) Mr. Praveenshankar Pandya, during his recent visit to Kerala to inaugurate the Kerala Jewellery show, announced to set up Common Facility Center (CFC) at Thrissur, Kerala. CFC in this region would give a huge boost in production and quality of manufacturing jewellery by giving access of modern machines

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Gem Experts to Join World Ruby Forum

Bangkok: Gem and jewelry experts from across the globe will gather to attend the World Ruby Forum 2017 in Bangkok, Thailand to share their insights on world ruby activities in all dimensions from upstream to downstream. GIT director states that the organization will develop and implement strategies to establish Thailand as the global gem and jewelry trading hub by 2021.

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Construction of Surat DB Begins

Surat: Construction work for the Surat Diamond Bourse (SDB) commenced on 25 Oct with the office-bearers of SDB Diamond Bourse, a company floated for the bourse development participating in the foundation laying ceremony, reports The Times of India. The SDB Diamond Bourse has awarded the $237mn contract to the Ahmedabad-based PSP Projects Pvt Ltd for constructing the world’s largest diamond

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De Beers to Close Four Namibia Mines

Gaborone: De Beers’ joint venture in Namibia will shut four diamond mines in the country by 2022 due to dwindling resources, Reuters reported. Namdeb, a 50:50 project with the nation’s government, will close the Elizabeth Bay mine at the end of 2018, the Daberas deposit at the end of 2019, Sendelingsdrif in 2020 and the main asset, Southern Coastal, in

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GJS-2026 Inaugurated by Mr. Uday Samant 

Mumbai: The All India Gem & Jewellery Domestic Council (GJC) proudly inaugurated the 10th edition of the India Gem & Jewellery Show (GJS 2026 Diwali Edition), celebrated as #HumaraApnaShow—India’s most premium B2B jewellery exhibition—at the iconic Jio World Convention Centre, Mumbai. Inaugurated 2nd October, the show will continue until October 4, 2026, bringing together jewellers, designers, buyers, and industry leaders

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IAGES Brings Together Accredited Gold Ind. Stakeholders at Trust Circle

New Delhi: The Indian Association for Gold Excellence and Standards (IAGES) hosted its Trust Circle 2026 event at The Oberoi, New Delhi, bringing Accredited Partners and stakeholders from across the gold value chain together for an evening centred on trust, transparency and responsible practices in the sector. The event drew representatives from diverse segments of the gold ecosystem, including refining,

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NGS, De Beers Renew Okavango Eternal Partnership

New York: The National Geographic Society (NGS) and De Beers Group have announced the renewal of the Okavango Eternal partnership for an additional five years, reaffirming their commitment to the long-term protection of the Okavango River Basin (“the Basin”) and to conservation-related livelihood opportunities for the people who live there and help steward it. One of Africa’s most vital wetland

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Anera Silver Opens its First Store in Bengaluru

Bengaluru: Anera Silver by Kushals announced the opening of its first store in Bengaluru’s HSR Layout on 26thSeptember, marking the beginning of an ambitious retail journey for the newly launched jewellery brand. Founded by Kalpesh Gulechha, Anera Silver has been createdwith a clear point of view to build a jewellery destination where design, craftsmanship, collections and the overall experience take

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