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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GJEPC to Organise India Pavilion at Carat+

Mumbai: In it’s first, India’s Gem & Jewellery Export Promotion Council (GJEPC) is organising India Pavilion, consisting of leading names at the forthcoming show Carat+ at Antwerp, Belgium. The event is slated from 7th to 9th May 2017. India Pavilion will witness 5 leading Indian companies, spread over a significant 72 sq. mts of exhibition space. The Indian exhibitors are

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“Diamonds Do Good” Awards in Las Vegas

New York: The Diamond Empowerment Fund (D.E.F) announced a powerful program for its “Diamonds Do Good” Awards gala set for June 4 at the Four Seasons Ballroom in Las Vegas. Iconic retailer Helzberg Diamonds will receive the Corporate Legacy of Philanthropy Award, Mrs. Graça Machel Mandela, former first lady of both Mozambique and South Africa will receive the first-ever “Diamonds

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Registration for CIBJO Congress 2017 Opens

Milan: Registration for the 2017 congress of CIBJO, the World Jewellery Confederation, is now open. Delegates and other participants may register for the congress, as well as book hotel rooms, via a dedicated congress website located at:  http://www.cibjo.org/congress2017. The 2017 CIBJO Congress will take place in Bangkok, Thailand, November 5-7, 2017, with pre-congress meetings beginning on November 2. The World

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Gold Imports Fall By 35.45% in Ahmedabad

Ahmedabad: Gold imports in Ahmedabad declined in April. According to data from the Ahmedabad Air Cargo Complex, gold imports in April fell by 35.45% from March. Last month, 7.39 metric tonnes of yellow material was imported against 11.45 metric tonnes in March; this despite the fact that gold jewellery market was buoyant owing to Akshaya Tritiya last week. On the

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IIGJ Udupi Centre Inaugurated by India’s FM

Udupi, (Karnataka): Marking a significant milestone in India’s gem and jewellery skill development landscape, the Indian Institute of Gems & Jewellery (IIGJ), Udupi was unveiled yesterday as a new centre of excellence by India’s Finance Minister (FM) Mrs. Nirmala Sitharaman, reaffirming the government’s continued focus on skilling, innovation and employment generation for the sector. The ceremony was attended by Mr.

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India and New Zealand Sign Strategic FTA

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the signing of the India–New Zealand Free Trade Agreement (FTA) on 27 April 2026, calling it a timely and strategic step that opens a high-potential market for Indian gem and jewellery exporters. India’s current gem and jewellery exports to New Zealand stand at approximately USD 16.61 million. With zero-duty

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Suresh Hathiramani Elected as Chairman of WDHB

Singapore: The World Diamond Heritage Board (WDHB) has announced the appointment of Mr. Suresh Hathiramani as Chairman and Mr. Alex Popov as Vice-Chairman, of the Selection Committee of the World Diamond Heritage List (WDHL). A Historic Initiative for the Diamond Industry: The World Diamond Heritage List is an initiative designed to identify and document the 100 diamonds that have shaped

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Antwerp’s Diamond Trade Increased by 20% in Q1

Antwerp: According to figures from the Antwerp World Diamond Centre (AWDC), the total volume of diamonds traded in Antwerp increased by nearly 20% in the first quarter of 2026 compared to the same period last year. The import of rough diamonds in particular saw strong growth, with a 35.7% increase in volume. In terms of total trade value, the trading

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