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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Various Courses Offered by IIGJ, Mumbai

Mumbai: Now leverage your creativity and skill to create a distinguished career in the fast-growing gems & jewellery sector. Indian Institute of Gems & Jewellery (IIGJ) Mumbai, an initiative of Gem & Jewellery Export Promotion Council of India (GJEPC), now offers comprehensive and intensive training using state-of-the-art resources encompassing qualified & trained faculty and equipment, supported by audio-visual techniques. The

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GJEPC Expo on Synthetic Diamond Detection

Surat: The Diamond City will host a two-day-long Diamond Detection Expo & Symposium (DDES) 2017 to provide a platform for the trade to interact with developers of machines and technology for detection of natural diamonds and synthetic at Samast Patidar Samaj Bhavan at Katargam starting from April 14. Regional chairman of Gem and Jewellery Export Promotion Council (GJEPC), Mr. Dinesh

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Alrosa Sells $554 Million of Rough Diamonds in March

Moscow: Russian diamond miner Alrosa announced rough sales of $554.2 million in March. Polished diamond sales amounted to $12.4 million. Total diamond sales in March amounted to $566.6 million, 1 percent higher than the same period last year. “In March, we continue to observe stable demand in almost all categories of rough diamonds, which is a confirmation of the optimism

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India’s Gold Imports Down 24% in April-Feb ‘17

Mumbai: Import of gold into India rose to US$ 3.4 billion during February 2017, as compared to US$ 1.4 billion a year earlier, but the overall imports for the first eleven months of the previous fiscal were still about 24% below the levels for the comparative period a year ago, according to data released by the Indian government, as reported

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De Beers Declares 35% Fall in Diamond Production

Mumbai: De Beers Group has reported a big fall of 35% in diamond production for Q4 of 2025, mainly due to maintenance shutdowns at its Jwaneng and Orapa mines. In its Q4 report for the year, the diamond mining major revealed it recovered 3.78 million carats between October and December, down from 5.83 million carats during the same period in

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Maryam Al Hashemi to Steer KP Committee on Participation & Chairmanship

Dubai: DMCC confirmed that Maryam Al Hashemi, Senior Director of Precious Stones and Metals at DMCC and the UAE KP Director, has been appointed Chair of the Kimberley Process (KP) Committee on Participation and Chairmanship (CPC). The CPC is a vital body within the Kimberley Process, responsible for evaluating new participants, reviewing compliance matters, and assessing Vice-Chair candidates. Its recommendations

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MS Dhoni Reveals His Most Cherished Platinum Moments

Mumbai: Men of Platinum, the men’s jewellery brand from Platinum Guild International (PGI) India, brought its highly anticipated #MomentWithMahi campaign to a thrilling close with an exclusive fan meet-and-greet with MS Dhoni at the iconic Taj Lands End, Mumbai. This one-of-a-kind experience was the culmination of the brand’s festive purchase programme — a rare reward for select consumers who purchased

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GJEPC Hails the India-US Trade Agreement

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has hailed the landmark India-U.S. trade agreement as a “vital relief measure for India’s gem and jewellery sector”, which faced severe pressure from escalating U.S. tariffs. GJEPC extends its deepest appreciation to the Hon’ble Prime Minister Mr. Narendra Modi, the Hon’ble President of USA Mr. Donald Trump, the Hon’ble Commerce &

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