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

Read More »

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

Read More »

Top News

CIBJO to Hold Conflict Minerals Laws Impact Seminar

Milan: After four years of discussion and deliberation, in May 2017 the European Council and European Parliament provided overwhelming approval to Regulation (EU) 2017/821, which will regulate minerals from conflict areas into the European Union. The new legislation will significantly impact the operating procedures of jewellery companies in the European Union, as well as companies that supply them from outside

Read More »

India to Become 2nd Largest Market for Forevermark

Kolkata: Over the years, the Forevermark Forum has evolved into a unique platform for prominent sight holders, manufacturers and leading jewellers from across the country – to shed light on consumer and design trends, conduct business, network, share perspectives and discover the latest innovations. The much-awaited 6th edition of the Forevemark Forum, held by Forevermark, the diamond brand from the

Read More »

Recycling or Sale of Old Gold Jewellery to Attract GST

  New Delhi: The sale of old jewellery, whether for the purposes of buying new jewellery or not, will attract GST, the revenue secretary of the central government, Dr. Hasmukh Adhia has clarified. He was speaking at ‘GST ki Master Class’, a series of sessions broadcast live on government TV and radio channels, where a team of experts clarified issues

Read More »

Tiny Man-Made Stones Uncovered in New York Lab

Hong Kong: Multiple single-cut diamonds, sized from a quarter point to half a point (0.0025-0.005 carats), which were contained in jewellery recently submitted for testing to a Diamond Services laboratory, have been found to be synthetic, greatly expanding the range of goods that can be considered at risk of improper and deceptive disclosure. The jewellery in question was originally submitted

Read More »

Pre-Budget Recommendations by GJF

Mumbai: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) sector across India, has urged Union Finance Minister Shri Arun Jaitley to abolish 80:20 rule for gold import, which allows only the nominated agencies to import gold on the condition that 20 per cent

Read More »

"Be Sensitive To Festival Dates": WFDB

Antwerp: The World Federation of Diamond Bourses (WFDB) is calling on international trade fair organizers to “be sensitive to dates” when scheduling events so they don’t fall on religious festivals and thus prevent some industry members from taking part. “The fast expanding number of trade shows and exhibitions held across the world has often been scheduled in such a way

Read More »

AGS Launches Virtual Guild

New York: The American Gem Society (AGS) has launched a virtual guild, which is open to all members of the trade. The first GoTo Guilds meeting will be a presentation by Peter Yantzer, executive director of AGS Laboratories, on “Light Performance 101,” an in-depth primer on the American Gem Society’s Light Performance Cut Grade on July 8. “Originally, the intention

Read More »

Quality Label ‘Antwerp’s Most Brilliant’

Antwerp: The City of Antwerp and the AWDC awarded three additional Antwerp jewelers the quality label ‘Antwerp’s Most Brilliant’, indicating they meet the strictest requirements in terms of quality, service and transparency. Antwerp’s Most Brilliant was launched earlier this year and collects the city’s most qualitative and reliable jewellers, living up to Antwerp’s reputation as a diamond centre of excellence.

Read More »

Latest Videos