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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Baselworld Exhibition Shortened by Two Days

Basel: The Baselworld exhibition will be two days shorter in 2018 after fewer buyers and exhibitors attended this year’s show. A total of 106,000 buyers took part in the event which ended Thursday, down 4% from the previous year, the show’s organizers reported. The number of exhibitors fell 13% to 1,300, according to National Jeweler. Organizers said they were responding

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LDB Appoints Ethical Issues Advisor

London: The London Diamond Bourse (LDB) has appointed Katherine Chappell as its Special Advisor for Ethical Issues to its Council of Management. Chappell is a longstanding member of London Diamond Bourse and a specialist in fair trade principles. Victoria McKay, the LDB’s Chief Operating Officer, commented, “Kathy’s knowledge of the gemstone and diamond industry is second to none with particular

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Dominion Sees More Life in Diavik Mine

Toronto: Dominion Diamond Corporation has extended the life span of its jointly owned Diavik mine by two years and hiked its estimate of the project’s future production. The deposit in Canada’s Northwest Territories will last until 2025, compared with a projection of 2023 given in March 2015, the miner said Friday. As a result, estimated output from now till the

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Banks Snubbing Belgian Diamond Trade: AWDC

Antwerp: Belgian banks are discriminating against the diamond trade by not lending to anyone linked to the industry, the Antwerp World Diamond Centre (AWDC) has claimed. The AWDC has proof that banks are systematically refusing customers with any connection to the trade, for both personal and professional banking affairs, it said last week. Lenders snub diamantaires even before they’ve had

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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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