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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CIBJO Releases Coloured Stone Sp. Report

Milan: With fewer than six weeks to go to the opening of the 2017 CIBJO Congress in Bangkok, Thailand, on November 5, 2017, the fourth of the CIBJO commissions’ Special Reports has been released. Prepared by Nilam Alawdeen, President of the organisation’s Coloured Stone Commission, the report focuses on differences in the way gemmological laboratories describe treated gemstones and the

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World’s Largest Diamond Sold for £40 Million

London: The world’s largest uncut diamond – roughly the size of a tennis ball – has been sold to British jeweller Graff for £40 million. Canadian miner Lucara Diamond sold the 1,109-carat gem – the Lesedi La Rona – to Graff. It was found in Botswana’s Karowe mine in late 2015. ‘We are thrilled and honoured to become the new

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David Harquail Appointed Chairman of WGC

London: The World Gold Council (WGC) has announced the appointment of Mr. David Harquail, President and CEO of Franco-Nevada Corporation, as its new Chair. Mr Harquail succeeds Randall Oliphant, who has served as Chair for the past four years. Mr. Oliphant is a highly respected veteran of the gold industry, who brought significant depth of experience to his Chairmanship of

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CIBJO European Jewellery Guild Formed

Milan: The CIBJO European Jewellery Guild, a new body of leading associations from across the continent, has been formally established within the World Jewellery Confederation to advocate for the common interests of European based participants in the jewellery and gemstone industries, and to represent them in contacts with officials, departments and agencies of the European Commission, European Parliament and European

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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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