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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Dominion Gains Strong Rise in Output in Fiscal Q1

Toronto: Dominion Diamond Corporation reported a 17 percent rise in carats recovered to 2.15 million carats in the first quarter of fiscal 2018 from 1.83 million carats a year before. This was largely due to production from the high-grade Misery Main pipe at the Ekati mine, with stable production at the Diavik mine for the three month period ending April

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GJEPC Conducts GST Awareness Seminars

Mumbai: The Gem & Jewellery Export Promotion Council has been conducting awareness programmes across major manufacturing centres to help the gem and jewellery export industry get ready for the new GST regime that is expected to come into force on July 1, 2017. In Surat at the seminar on June 9, the exporters were addressed by two leading CAs, CA

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Alrosa Seeks Tax Benefit for Diamond Sales in India

Mumbai: Russian rough diamond miner Alrosa has sought tax neutrality from the government to set up its representative office in India, reports Business Standard. Alrosa has started making small allocations through its intermittent exhibition of rough diamonds in the Special Notified Zone (SNZ) at the Bharat Diamond Bourse (BDB). The company sells large quantities through Dubai and Belgium. Rough diamond

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Chow Tai Fook to Open 100 New Stores

Hong Kong: Chow Tai Fook Jewellery, the world’s largest listed jeweller by market value, said on Thursday that it plans to add up to 100 new retail locations on the mainland after reporting earnings that matched expectations, thanks in part to a rebound in mainland Chinese consumption of luxury products, reports scmp.com. The jewellery chain saw its net profit for

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IAGES New Film Moves ‘PehlaCheckIAGES’ from Awareness to Habit

Mumbai: The Indian Association for Gold Excellence and Standards (IAGES) is empowering gold buyers this festive season to make informed purchases by amplifying awareness about its #PehlaCheckIAGES campaign through engaging ad film created to build assurance and trust among buyers. Since its launch in December 2025, the ‘Before you buy Gold, #PehlaCheckIAGES’ campaign has urged consumers through diverse outdoor advertising

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Divine Solitaires Announces Special Festive Offers

Mumbai: Divine Solitaires, India’s leading natural diamond solitaires brand, is offering special Dhanteras benefits on its Diamond Coins from 26 October to 6 November 2026. The offer includes an assured gift with every eligible purchase, a lucky draw with 100% cashback vouchers for 10 customers, and price protection. Dhanteras is considered an auspicious occasion to welcome prosperity and good fortune,

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HRD Antwerp Opens New Office & Lab in Dubai

Dubai: HRD Antwerp, Europe’s leading authority in diamond and jewellery grading and a subsidiary of the Antwerp World Diamond Centre (AWDC), has officially opened its new office and laboratory in Almas Tower, Jumeirah Lakes Towers,Dubai. The opening took place in the presence of H.E. Mr Rik Van Droogenbroeck, Ambassador of Belgium to the United Arab Emirates, and HRD Antwerp’s executive

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Sky Gold & Diamonds Reports 90% Growth in Q2

Mumbai: Sky Gold & Diamonds has reported a big growth in its net profit and revenue for the Q2 of FY27. The Company posted a consolidated net profit of Rs. 127.87 crore in the quarter ended September 2026, registering growth of 90.9% from Rs 66.99 crore in the year-ago period. Q2FY27 and H1FY27 Financial Highlights (Consolidated) (All figures in ₹

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