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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Gaetano Cavalieri Joins Fijian Delegation at UN Con.

New York: Gaetano Cavalieri, the President of CIBJO, has joined a high-level delegation from the Republic of Fiji, led by the country’s Prime Minister, Frank Bainimarama, at the Oceans Conference at the United Nations in New York, to outline and promote the development of a sustainable pearl farming sector in Fiji. The project will work to fulfil UN Sustainable Development

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IIDGR Unveils SYNTHdetect Device at JCK Show

Las Vegas: The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, yesterday unveiled SYNTHdetect – the first synthetic screening device in the industry to test multiple stones in set jewellery at once without the need for a probe. It also has the industry’s lowest referral rate at around 0.05 per cent. The device, unveiled at

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Dominion Consolidates Ownership in Ekati Mine

Toronto: Dominion Diamond Corporation has signed an agreement with Archon Minerals Limited to convert Archon’s joint venture interest in the Buffer Zone Joint Venture at the Ekati diamond mine in Canada’s Northwest Territories to a royalty equal to 2.3 percent of all future gross revenue from diamonds produced from the Buffer Zone. As a result of this transaction, the company’s

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DPA Announces 2017 Marketing Budget of $57M

Las Vegas: The Diamond Producers Association (DPA) announced at the JCK show in Las Vegas that its 2017 full-year marketing investment of $57 million has been approved by its board of directors. The figure more than quadruples last year’s budget. DPA Chairman Stephen Lussier said, “The Board’s decision is a major turning point for the Diamond Producers Association and the

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India’s Studded Gold Jewellery Export Rises 51.22% 

Mumbai: India’s gem and jewellery exports continued their positive momentum in August 2026, with gross exports increasing 3.14% in US dollar terms and 12.52% in rupee terms year-on-year to US$ 2.30 billion (Rs. 21,945.87 crore), compared to US$ 2.23 billion (Rs. 19,503.52 crore) in August 2025, according to figures declared by Gem & Jewellery Export Promotion Council (GJEPC). A notable

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JGW September Gets 4.5% Jump in Attendance

Hong Kong:  JGW September (Jewellery & Gem World Hong Kong September) wrapped up yesterday shattering post-pandemic records, welcoming 57,632 “unique” buyers during its week-long run across two locations − a 4.5% increase over the previous edition, show organizer Informa Markets announced today. Staged as a massive dual-venue showcase, the B2B event ran from 14 – 18 September at the Asia

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Limira Enters Jewellery Market with E-commerce-only Model

Surat: LIMIRA, a new-age, design-led lab-grown diamond jewellery brand, announced its launch in India with an e-commerce-only model built around design, individuality and storytelling transparency. The brand brings modern diamond jewellery directly to consumers, creating a digital-first experience designed around how consumers increasingly discover, evaluate and purchase jewellery. The launch comes at a time when India’s diamonds and jewellery industry

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GJC Seeks Immediate Review on Hallmarking Charges

Mumbai: All India Gem & Jewellery Domestic Council (GJC) has expressed strong concern over the increase in gold hallmarking charges from ₹45 to ₹75 per article and has urged the Government and the Bureau of Indian Standards (BIS) to immediately review the decision and retain the existing charge pending stakeholder consultation. The increase has been notified through the Bureau of Indian Standards (Hallmarking) Amendment Regulations, 2026,

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