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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BDB Pays Tribute on International Holocaust Remembrance Day

Mumbai: the Bharat Diamond Bourse (BDB) solemnly paid homage yesterday to the millions of Jewish lives brutally taken during World War II, marking International Holocaust Remembrance Day at the historic Keneseth Eliyahoo Synagogue in Mumbai. This global day of remembrance commemorates the liberation of Auschwitz- Birkenau and honors the memory of the six million Jews and countless others who were

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India Should Focus on Incremental Changes in KP

Mumbai (By Suresh Chotai): More than two decades after the Kimberley Process (KP) was born, the diamond industry still faces an uncomfortable truth: the global system designed to keep “Conflict diamonds” out of the market is stuck in the past. The Kimberley Process defines conflict diamonds narrowly—stones used by rebel movements to finance wars against legitimate governments. That definition made

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EU Eliminates Duty on Indian G&J Imports

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the elimination of import duties on Indian gem and jewellery products under the India-EU Free Trade Agreement (FTA). This removes 2-4% duties on precious jewellery, unleashing huge export potential with the 27-member EU bloc—home to the world’s elite buyers.  India’s gem and jewellery (G&J) exports accounted for USD 30

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Paola De Luca Holds Masterclass on Artisan Awards 2026 Theme ‘Quantum Couture’

Mumbai: Paola De Luca, a globally recognised jewellery trend forecaster and Founder of The Futurist LLC, led an online masterclass on 23 January that drew over 200 participants, helping designers interpret Quantum Couture, the theme for The Artisan Jewellery Design Awards 2026. Curated as a preparatory session ahead of submissions, the masterclass explained how the theme, Quantum Couture – Re-Engineering Beauty and Cultural Codes,

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Indian Diamond Companies Cease Rough Imports

Mumbai: India being the global leader in diamonds, it produces 14 out of 15 diamonds set in jewellery worldwide and polishes one billion stones each year. In FY 2019, India’s major export markets for cut & polished diamonds were USA ($6,960.09 million), Hong Kong ($6,381.97 million), Middle East ($2113.63 million), Europe ($1,534.50 million). Although the year 2020 is reminiscent of the recession period of 2008-09 when the Indian diamond

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Online Registration For Jewellers & Hallmarking Centres

Mumbai: India’s Union Minister for Consumer Affairs, Food & Public Distribution Mr. Ram Vilas Paswan, on 21st August virtually launched the online system of Registration and Renewal of Jewellers and online system of Recognition and Renewal of the Assaying and Hallmarking (A&H) Centres. This online system can be accessed through the Bureau of Indian Standards web portal www.manakonline.in. While launching the

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Forevermark:Autumn-Winter Diamond Jewellery Trends

Mumbai: Forevermark has unveiled its Trend Report for 2020. Developed at Forevermark’s Design and Innovation Centre in Milan, four key themes have been identified to inspire and shape desire fordiamonds in 2020. “From finding personal fulfilment, and creating meaningful design, to protecting our precious planet, and the value of empowerment and acceptance, the Forevermark 2020 Trend Book speaks to important

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Kalyan Jewellers India Limited Files DRHP with SEBI

Mumbai: Kalyan Jewellers India Limited (“Kalyan Jewellers” or “Company”), one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to the Industry Report on Indian Jewellery Retail dated August 21, 2020 issued by Technopak Advisors Private Limited, has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) for its

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