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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ALROSA Sales Go Down in April

Moscow: Alrosa’s sales fell in April and for the first four months of the year as the Russian miner sold a larger volume of low-value rough diamonds than it did last year. Rough sales declined to $310.2 million in April, the company reported Wednesday. This represented a 45% slide from a year ago, according to Thursday estimates from VTB Capital.

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Reena Ahluwalia Donates Paintings to Benefit JFC

Las Vegas: Noted jewellery designer and artist Reena Ahluwalia has donated two original, museum quality, painting to be auctioned at the Jewelers for Children (JFC) Facets of Hope event in Las Vegas, NV.  The paintings, Portal of Empowerment and Radiate Brilliance , show highly nuanced, hyper-realistic diamonds with ultra-magnified facets. Ahluwalia is a multiple award-winning Canadian Jewellery designer, diamond painter

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Palladium Set to Overtake Platinum: GFMS

Johannesburg: The palladium price is poised to exceed the platinum price for the first time since 2001, Thomson Reuters said on Tuesday with the publication of its GFMS Platinum Group Metals Survey 2017, according to a report published in miningweekly.com. The price gap between platinum and palladium – which averaged just over $1 000/oz between 2007 and 2012 – is

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Jeweller Held for Rs. 2,000-Crore Loan Fraud

Mumbai: The CBI arrested on Monday the chairman of a prominent Kolkata-based jewellery house, Nillesh Parekh for allegedly cheating a consortium of 25 banks led by the State Bank of India of Rs 2,223 crore, according to media reports. He was arrested from the Mumbai airport upon his return from Dubai. Parekh had fled India after the CBI registered a

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Platinum Love Bands Unveils New Season Collection

Mumbai: Platinum Love Bands has unveiled its new Season Collection — a tribute to the unspoken language shared between couples. Rooted in the belief that every love story has its own dialect, one the world may not understand, this collection transforms those quiet connections into something you can wear — something you can cherish for life. These aren’t just rings.

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De Beers Announces Changes to Exe. Committee

London: De Beers Group has announced changes to its Executive Committee, with current Chief Operating Officer, Burger Greeff, retiring at the end of the year following three decades of exceptional service. Kevin Smith, currently Executive Vice President, Corporate Affairs & Strategy, will become Interim Chief Operating Officer, while Eirik Waerness, currently Senior Vice President & Chief Economist, will move into

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D.P. Abhushan Delivers Strong Performance in Ǫ2

Mumbai: D.P. Abhushan Limited (NSE: DPABHUSHAN, BSE: 544161), a company marking golden legacy of 85 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 11 different geographics in India, announced its financial results for the Second quarter and half year ended 30th September 2025. Ǫ2FY2C Highlights: H1FY2C Highlights: Commenting on the performance,

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GJEPC Charts $100 Bln. Export Vision for India’s G&J Sector

New Delhi: Mr. Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), was invited to attend the meeting organized with selected representatives of various industry sectors that contribute majorly to India’s merchandise exports chaired by the Prime Minister Mr. Narendra Modi at New Delhi, on 3rd November 2025. Mr. Bhansali was representing the Gems & Jewellery (G&J) sector that

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