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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Diamond Market Improves After Slow Q1

New York: The diamond market showed improvements in March after Chinese demand at the Hong Kong exhibition was better than expected. The latest RapNet Diamond Index from the Rapaport Group found the price of 1-carat polished diamonds increased by 0.1% in March and was down 1.1% during the first quarter. There was good demand for 0.30- to 0.49-carat diamonds, and

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DiamondCorp Retrenches Employees as Talks Fail

Toronto: DiamondCorp announced sweeping retrenchments on Monday, saying talks with its lender and a mining union had failed to end in an agreement. The miner’s business-rescue practitioner had been in discussions with the Industrial Development Corporation of South Africa (IDC) — its lender — and the Association of Mining & Construction (AMCU). The talks followed DiamondCorp subsidiary Lace Diamond Mine

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Vladivostok to be Developed as Diamond Center

Moscow: The free port of Vladivostok will develop as a diamond center, Sergey Ivanov, President of ALROSA told TASS following a working meeting with the leadership of the Republic of Sakha (Yakutia) in its capital, the City of Yakutsk. “Just last week, Yury Trutnev held a meeting to support the Russian diamond-cutting industry, and a number of decisions were made

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Christie's Geneva Takes Magnificent Jewels on Tour

Geneva: Christie’s upcoming auction of Magnificent Jewels will take place on May 17 at the Four Seasons Hotel des Bergues. Consisting of approximately 250 exceptional jewels, it will include a thematic section comprising 30 exceptional pieces from Italian makers, important gem stones, coloured diamonds and signed jewels. Prior to the auction, a selection of pieces will go on tour to

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Divine Solitaires Honoured Partner Jewelers at IIJS Premiere

Mumbai: Celebrating excellence, enduring partnerships and five years of shared growth, Divine Solitaires hosted its Annual Rewards & Recognition ceremony at Innov8 Launchpad, IIJS Premiere 2026, NESCO, Mumbai, honouring its highest-performing partner jewellers from across the country. The event also witnessed the first weekly lucky draw of The Solitaire Festival of India (TSFI) 2026, making it one of the key highlights of this year’s exhibition.

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Sky Gold and Diamonds Begins FY27 On a Strong Note

Mumbai: Sky Gold and Diamonds Limited (BSE: 541967 | NSE: SKYGOLD), a listed B2B gold jewellery manufacturer, today announced its consolidated financial results for the quarter ended June 30, 2026. The Company commenced FY27 with healthy growth in revenue and profitability, supported by sustained demand from organised jewellery retailers, continued traction in lightweight and value-added jewellery, and consistent execution across

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GJEPC Confers ’20 Under 40′ Awards

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) honoured 20 emerging industry leaders at the 20 Under 40 Awards, held at BEC during IIJS Bharat Premiere 2026 on 8th August. The awards recognised young entrepreneurs and professionals across manufacturing, retail, diamonds, jewellery, laboratories and allied businesses for their contribution to the industry. The GJEPC leadership present included Mr. Kirit

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Mehul Shah Conferred “Industry Legend” by GJEPC

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) honoured the ‘Legends of the Industry’ during the IIJS Bharat Premiere exhibition. Globally renowned change-makers in the Industry were invited and honoured in the presence of an august audience. This recognition by GJEPC honoring the change-makers as industry stalwarts descended to receive the recognition. Mr. Mehul Shah, Vice President of Bharat

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