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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Russia’s FSB Investigates Alrosa's Moscow Office

Moscow: Russia’s Federal Security Service (FSB) is investigating the Moscow office of Alrosa in relation to non-core asset sales between 2011 and 2013. The state-controlled Russian firm, which is the world’s largest producer of rough diamonds in carat terms, and the FSB both declined to comment, while the source who revealed the story did not provide any other details, Reuters

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Thailand Gems & Jewelry Fair 2017 Glitters in Beijing

Beijing: Thai Gem and Jewelry Traders Association (TGJTA) promoted Thailand Gems and Jewelry Fair 2017 at Beijing International Jewelry Show 2017 with support from Haiming International Exhibition Group. Mr Suttipong Damrongsakul, President of the Thai Gem and Jewelry Traders Association (TGJTA) led a delegation for a roadshow to Beijing, China on April 6-8, 2017 to promote Thailand Gems & Jewelry

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Indian Jewellers Demand Higher GST Limit

Kolkata: The jewellery industry fears that artisans and small traders could face problems while moving to the technology-driven goods and service tax regime, which is expected to roll out from July this year. The All India Gems and Jewellery Trade Federation (GJF) has approached the Centre with a plea to reconsider the proposed threshold of Rs 20 lakh for exemption

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India-SAARC-ME Buyer-Seller Meet in May

New Delhi: Over 60 buyers from SAARC, Middle East and South East Asia are expected to attend the second edition of the India-SAARC-ME Buyer-Seller meet that is being hosted by GJEPC from May 14-16 in Delhi. About 40 leading manufacturers of plain gold and diamond studded jewellery from across India are also expected to participate. Jewellery studded with synthetic diamonds

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Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million

London: Gemfields recently announced revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats

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D. P. Abhushan Q4 2026 PAT Jumps 101% YoY

Bhopal: DP Abhushan Limited (NSE: DPABHUSHAN, BSE: 544161), a company marking golden legacy of 86 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 12 different geographics in India, announced its financial results for the fourth quarter and full year ended 31st March 2026. The company reported a strong performance with Q4FY26

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WFDB Concludes the International Summit

Gaborone: The World Federation of Diamond Bourses (WFDB) has concluded its International Summit in Gaborone, Botswana, bringing together senior government representatives, industry leaders and stakeholders from across the global natural diamond value chain to examine the sector’s future amid shifting market dynamics and evolving consumer expectations. Held from 18-19 May in collaboration with Botswana’s Ministry of Minerals and Energy under

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WDHB Opens Nominations for World Diamond Heritage List

Singapore: The World Diamond Heritage Board (WDHB) has announced the official opening of the public nomination phase for the World Diamond Heritage List (WDHL); an inaugural selection of 100 natural diamonds of outstanding historical importance. Nominations are open from May 18 to June 18, 2026. Every person — from industry professionals to diamond lovers — is invited to nominate up

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