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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Recent Auctions Underscore Colored Diamond Interest

Toronto: Diamonds, especially the fancy colored stones – continue to hold investors in thrall, and auction houses are ensuring the fascination endures with sales featuring some stunning selections. The market for diamonds continues on its upward trajectory,” said Michael King, Director of Trading for Paragon International Wealth Management. “And it’s not just the beauty and unusualness of many of the

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De Beers Canada Receives 2 National Safety Awards

Toronto: De Beers Canada received two prestigious national safety awards at the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) annual convention awards gala on May 1. De Beers Victor Mine received its second consecutive national John T. Ryan Award in the select mines category for having the lowest accident frequency rate during 2016. Gahcho Kué Mine received the 2017 Hatch-CIM

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China Protests Taiwanese Delegation at KP Meet

Perth: The opening day of the May 1-4 Kimberley Process Intersessional Meeting in Perth was noisily disrupted by the Chinese delegation which was upset by the presence of the Taiwanese group. Following the disruption, which was described as “extraordinary”, Australia complained to China’s ambassador to the country. One high-level Australian attendee told the BBC: “It was disgusting.” China regards Taiwan

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Industry Close to Tracking 'Fingerprint for Stones'

New York: Artisanal diamond miners, such as this one in Brazil, are the main cause of conflict diamonds entering the supply chain, according to the WDC. A scientific solution for identifying and eradicating “blood diamonds” from the global supply chain could exist within a matter of years, the afr.com portal says, as the industry is put under increasing pressure by

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IIJS Bharat Signature 2026 Opens on 8th Jan

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is set to open the global jewellery calendar with the 18th edition of IIJS Bharat – Signature 2026, the first global B2B jewellery trade fair of the year, scheduled to be held across two premier venues in Mumbai later this week. The exhibition will be held at the Jio World Convention

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IIJS Signature 2026: Setting the Tone for a Confident Indian G&J Ind.

Mumbai: (By Suresh Chotai) As the global jewellery industry navigates shifting consumer preferences, geopolitical uncertainties, and evolving supply dynamics, India continues to stand tall as a resilient, design-led, and manufacturing-driven powerhouse. IIJS Bharat Signature 2026, organized by the Gem & Jewellery Export Promotion Council (GJEPC), is poised to open the year (from 8th to 12th Jan) with renewed optimism, strategic

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Paul De Wachter Named as CEO, HRD Antwerp

Mumbai: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter is to take charge as CEO from January 5, 2026. As CEO, he is tasked with

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Mallikarjuna Reddy Yarabolu Named as MD of Forevermark India

London: De Beers Group has named retail veteran Mallikarjuna Reddy Yarabolu as Managing Director of Forevermark India, effective January 2026. With over 20 years of experience across fashion, retail and luxury, Yarabolu is expected to drive growth and deepen Forevermark’s presence in the evolving Indian jewellery market. De Beers Group has announced the appointment of Mallikarjuna Reddy Yarabolu as Managing

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