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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GIA Launches Gem Guide for Artisanal Miners

New York: The Gemological Institute of America (GIA) is piloting a free gemology guide for artisanal miners in producing countries. The aim is to offer basic gemological and market knowledge in regions where gem-mining takes place, the institute said Tuesday. The GIA has distributed the illustrated booklet – available in English and Tanzanian Swahili – to approximately 45 women miners

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Belgium’s Polished Exports Stable in March

Antwerp: Belgium’s exports of polished diamonds were almost flat in March, boosted by a significant rise in shipments to India, according to data published by the Antwerp World Diamond Centre (AWDC). Polished exports crept up 0.4% to $1.17 billion, the AWDC said. By volume, outbound shipments dropped 1% to 485,409 carats, with the average price increasing 1% to $2,403 per

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Winners of ‘PLAT Africa 2016’ Visit Mumbai

Mumbai: Winners of the PLAT AFRICA 2016 – (a jewellery design competition) visited Mumbai to create awareness about the platinum in India. Organised by Anglo American Platinum in collaboration with Platinum Guild International (PGI) and Metal Concentrators, the prestigious competition is open to student/ apprentice and professional jewellers in South Africa. It promotes innovation and technical expertise in the design

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Plans to Organize ‘PLAT Competition’ in India

Mumbai: ‘We are planning to organize ‘PLAT Jewellery Design Competition’ in India also,” said Ms. Vaishali Banerjee, Country Manager of India Platinum Guild International (PGI). While addressing a media conference organized to welcome winners of the ‘PLAT AFRICA 2016’ jewellery design competition in Mumbai, she said “We are in discussion with Anglo American, the organizer of PLAT AFRICA competition to

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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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GJEPC Meets Maharashtra CM to Discuss Key Ind. Priorities

Mumbai: Mr. Kirit Bhansali, Chairman of Gem & Jewellery Export Promotion Council (GJEPC) and Mr. Anoop Mehta, Convener, Diamond Panel & President, Bharat Diamond Bourse (BDB), yesterday met Hon’ble Chief Minister of Maharashtra Mr. Devendra Fadnavis to discuss key priorities concerning the growth and development of the gem and jewellery sector in the state. The discussions focused on strategic initiatives

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India is Committed to Strengthening Credibility in Diamond Sector

Mumbai: The Kimberley Process (KP) Intersessional Meeting 2026 concluded in Mumbai under India’s Chairship, bringing together representatives from KP Participants, Observers, industry stakeholders and civil society organizations for four days of deliberations on the future of the natural diamond sector. Welcoming the conclusion of the Intersessional, Union Minister of Commerce and Industry Mr. Piyush Goyal said India, as the world’s

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