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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Synthetic Diamonds Bother Watch Industry Also

Geneva: In April 2017, a symposium called, “Synthetic Diamonds: Are Watchmaking and Jewelry in Danger?” was held in Geneva, specifically to address the issue of synthetic diamonds in the domain of watchmaking and how it is possible to differentiate natural from lab-grown stones. Developments over the past ten years have led to the critical point where the price of synthetic

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HRD Antwerp Inaugurates New office in Mumbai

Mumbai: HRD Antwerp officially inaugurated its new lab & office premises in Mumbai on Tuesday the 25th of April, in the presence of His Excellency Secretary of State for Foreign Trade of Belgium Mr. Pieter De Crem. This expansion underscores HRD Antwerp’s commitment to fundamentally strengthening the ties between the world’s leading diamond trading center – Antwerp – and the

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Fancy Color Diamond Price Index Slightly up in Q1

New York: The Fancy Color Diamond Index for the first quarter of 2017 indicates pricing stability across most fancy color diamond categories. The main exception was blue fancy color diamonds, which saw a 1.9% price increase in the first 3 months of 2017, continuing the trend of 2016. During the same time, yellow and pink fancy color diamond prices remained

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Jewellery World Discusses Concept of “Oneness”

Shenzhen: Prestigious industry leaders and design experts shared their interpretations of “Oneness,” the theme of the Xifu International Gold Wedding Jewellery Design Competition 2017 at a forum on April 19, 2017. Organised by the competition, the forum at the Shenzhen Convention Centre was attended by students, aspiring contestants and jewellery aficionados. International jewellery consultant Helen Mao started the discussions by

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Thangamayil Jewellery, Receives IAGES Accreditation

Madurai: Gold buyers in Tamil Nadu can now purchase their favourite precious metal with complete trust and transparency from Thangamayil Jewellery Limited (TMJL), one of the most recognized chain of jewellery stores in the state. TMJL has officially received its IAGES accreditation, further cementing its commitment to serve its consumers in the most ethical, responsible and sustainable manner. The Indian

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Russia to Levy 8% Duty on Rough from Sep.

Moscow: The Russian government has announced that it will impose an 8% export duty on rough diamonds weighing between 0.45 carats and 10.8 carats, as well as on special-size diamonds exceeding 10.8 carats, effective September 1, 2026. The new duty will apply to rough diamonds in weight categories that are considered economically viable for domestic cutting and polishing. Russia had

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GJEPC Urges Simpler Path to Gold Monetization

Mumbai: India’s gold monetization efforts must focus on simplicity, trust and convenience if the country is to unlock the vast stock of idle household gold, said Khushboo Ranawat, Regional Chairperson – West, and Member – National Exhibitions, GJEPC, during a panel discussion at the ‘India’s Gold Revolution: Monetization, Tokenization & Financial Transformation’ seminar organized by the Bombay Chamber of Commerce &

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GJEPC Hosts U.S. Senators, State Lawmakers for Industry Dialogue

Mumbai: Against the backdrop of deepening India-U.S. trade ties, GJEPC hosted a delegation of U.S. senators, state legislators and National Conference of State Legislatures (NCSL) officials at its Mumbai headquarters on 22nd June to provide an overview of India’s gem and jewellery industry and discuss key sectoral trends. The delegation comprised Wayne Harper, President Emeritus and President Pro Tempore, National Conference

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