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

Diacam360 to Show Its Latest Innovations at JCK

New York: DiaCam360, the diamond market’s only fully automatic imaging system and most popular instrument for creating high quality, 360-degree photos and interactive videos of rough and  polished diamonds, as well as colored gemstones, will be introducing the new version of its diamond scanning device, the DiaCam360, at the upcoming JCK Las Vegas show, that will open on June 5th.

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World Diamond Mark Launches Part of You Campaign

Hong Kong: The World Diamond Mark Foundation (WDM) has soft-launched its global diamond promotion campaign with the emphasis on diamond jewellery retailers. It includes the brand-new B2C website www.passion.diamonds and corresponding social media channels. The campaign, released under the slogan “Part of You™,” aims to enthuse consumers for diamonds, by engaging them with human stories about diamonds and diamond jewellery,

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Gem Diamonds Unearths 98 ct. Diamond

Maseru: Gem Diamonds has discovered a 98.42-carat rough diamond at its Letšeng mine in Lesotho, the company said Tuesday. The miner will sell the D-color, type-II diamond in June, alongside an 80.58-carat stone unearthed earlier this month. During the first quarter, Letšeng yielded 25,479 carats — an 11% decline from the same period a year ago. “It is encouraging that

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Xifu Design Competition: Entries End on 31st May

Hong Kong: Jewellery designers all over the world have until 31 May 2017 to submit their entries for the inaugural Xifu International Gold Wedding Jewellery Design Competition. Organised by JNA and CJNA of UBM Asia, the World Gold Council and the People’s Government of Yantian District, Shenzhen, the biennial competition aims to usher in a new era in gold wedding

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GJEPC Launches New Business Development and Marketing Campaign

Las Vegas, 31st May: The Gem & Jewellery Export Promotion Council (GJEPC) of India announced a major, new, multi-level business development campaign at a news conference focused on the U.S., Canadian and South American markets. The purpose of the campaign is to re-invigorate, strengthen and expand GJEPC’s business development efforts and build trusted relationships between India’s key jewelry industry companies

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Overseas Traders Invited to Buy Offices in SDB

Surat, 30th May: After Mumbai, now Surat diamantaires are inviting diamond traders from abroad to set up offices at the proposed Surat Diamond Bourse (SDB) here. Road Shows are being organized at Antwerp, Dubai, Hong Kong, China, UAE and Europe, to impress upon diamond traders to buy office space at the proposed diamond bourse, according to a report in The

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Demand for Indian Gold Jewellery to Rise

Mumbai: India’s gems and jewellery exporters are set to shine brighter than domestic retailers. Positive signs from export destinations such as higher disposable income and consumer spending as well as improvements in consumer confidence is set to support export volumes of gems and jewellery, maintain analysts. An economic recovery is also set to benefit exporters, reports Mineweb.com. Indian exporters are

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IGI Becomes Premier Affiliate Sponsor of NCDIA

New York: The International Gemological Institute (IGI) has joined the Natural Color Diamond Association (NCDIA) as its first premier affiliate member. With an aim to educate consumers and increase global demand and desire for natural color diamonds, NCDIA is a not-for-profit, membership-based organization. Beyond the record-breaking blue and orange diamonds sold recently at auctions, the association has been working to

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