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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Thailand Gems & Jewelry Fair from 15th June

Bangkok: Thai government agencies and Presidents from gems and jewelry associations across ASEAN joined the Thai Gem and Jewelry Traders Association (TGJTA) to promote the inaugural Thailand Gems & Jewelry Fair, which will be held from June 15 to 18, 2017 at IMPACT Challenger 2, Muang Thong Thani, Bangkok, Thailand. Welcoming all the supporting country-heads and trade associations, Mr. Suttipong

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Pink Diamond Smashes Records with $71M Sale

Hong Kong: Chow Tai Fook bought the Pink Star diamond for $71.2 million at Sotheby’s Hong Kong on Tuesday, making it the most valuable diamond sold at auction. The oval, mixed-cut, 59.60-carat, fancy vivid pink, internally flawless diamond went for $1.2 million per carat following a brief bidding battle broadcast live on the auctioneer’s website. The stone recaptured its title

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IDE to Appoint Judge to Rule Large Arbitration Cases

Ramat Gan: In a significant departure from its 80-year tradition, the Israel Diamond Exchange (IDE) has announced that its hallowed Arbitration Institution will now be headed by a retired District Court judge, instead of a fellow bourse member. Financial disputes between members totaling $400,000 and above as well as appeals on smaller disputes will be brought before the higher level

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De Beers Sells $580 Million Rough at 3rd Cycle

Gaborone: De Beers sold rough diamonds with a provisional value of $580 million in the third sales cycle (Global Sightholder Sales and Auction Sales) of 2017, indicating ongoing strong demand from the global industry. The latest figure compares with $666 million in the year-earlier sale. De Beers’ sales in the second cycle were $553 million and $729 million in the

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SENCO Gold Receives IAGES Accreditation for its Stores in India

Kolkata: Senco Gold & Diamonds, having more than 100 stores across India, has been accredited with IAGES reinstating its commitment towards wining the trust and confidence of its consumers through its ethical, fair and transparent practices. SENCO Gold & Diamonds is one of the most recognized names in the Indian jewellery retail sector with more than 100 stores, having built

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De Beers Group Launches ‘Heera Hai Aapke Liye’

Mumbai: De Beers Group, the world’s leading diamond company, marked a significant milestone in the Indian jewellery landscape with the official launch of the “Heera Hai Aapke Liye” program at IIJS Signature. The star-studded event featured actress Sonakshi Sinha, who joined Ms. Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, to unveil an initiative

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GJSCI Holds JOSH Convocation Ceremony

Mumbai: The Gem & Jewellery Skill Council of India (GJSCI) organized the convocation ceremony of JOSH for the 6th batch of specially abled candidates and the 12th batch of regular candidates on 16 January 2026 at the Bharat Ratnam Mega Common Facility Centre (CFC), SEEPZ. The ceremony marked the successful completion of training for the candidates, celebrating their hard work,

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Can India Reinforce Confidence in the KP?

Mumbai (By Suresh Chotai): As India assumes the Chair of the Kimberley Process Certification Scheme (KPCS) this year, the global diamond industry sees renewed opportunity for meaningful dialogue on one of the most debated issues within the Process: the definition of so-called “blood” or “conflict” diamonds. The current Kimberley Process definition, framed in the early 2000s, restricts conflict diamonds to

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