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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Top News

IIDGR Partners with Bridal Jewellery Retailer in Japan

Tokyo: The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, has entered a partnership with one of Japan’s leading bridal jewellery retailers, I-PRIMO, to provide polished diamond grading reports. The reports will provide assurance to I-PRIMO customers that their diamonds meet the retailer’s strict quality standards, backed by more than 100 years of De Beers

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Anglo American Appoints New Chairman

London: Anglo American, the parent company of De Beers, has appointed industry outsider Stuart Chambers as chairman, the company announced Wednesday. Chambers is a former chairman of UK-based technology group ARM Holdings and consumer-packaging firm Rexam, and has also served as a non-executive director at engineering company Smiths Group and British supermarket chain Tesco. Additionally, he has held senior roles

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ALROSA’s Revenue Grew 33% in May

Moscow: ALROSA, the world leader in diamond mining, has announced diamond sale results for May and the first five months of 2017. In May 2017, the Company sold rough and polished diamonds worth USD 472.1 million, which is 33% higher compared to a year earlier. Revenue from rough diamond sales amounted to USD 467.6 million, polished diamond sales – USD

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JA and DCA Agree to Collaborate

New York: Jewellers of America (JA) and the Diamond Council of America (DCA) have decided to work together toward their shared goal of supporting the jewellery industry, the two trade organizations announced recently. The groups’ boards voted in favour of an affiliation agreement that will enable them to align their missions and operations better, but still be independent bodies, they

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Men of Platinum Expands Collection with New Designs 

Mumbai: Platinum Guild International (PGI) India has unveiled a new Men of Platinum collection featuring chains, pendants, bracelets and rings designed for men at different stages of their journey. Endorsed by Rohit Sharma and Anirudh Ravichander in the brand’s new campaign, the collection brings to life a central belief: enduring success is forged through character—the conviction to forge your own

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De Beers and Botswana Extend Partnership with Letsile Tebogo

London: De Beers Group and the Government of the Republic of Botswana today announced the extension of De Beers’ partnership with Olympic champion and Botswana sporting icon Letsile Tebogo. Originally launched in January 2025, when Tebogo was appointed a De Beers Global Ambassador, the partnership has now been expanded into a three-year programme of work between De Beers and the

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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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