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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Winners of Baselworld Design Competition Announced

Basel: Solidscape Announced names of the Winners of the 2017 Baselworld Design Competition BASEL, Switzerland (March 26, 2017) — Solidscape®, Inc., the leading manufacturer of high precision 3D wax printers for the jewellery industry, and a subsidiary of Stratasys, Ltd., announces the winners of the seventh annual Baselworld Design Competition. As the focal point of the watch and jewellery industry,

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India Will Delink Diamond Mining from Exploration

Mumbai: In a step aimed at ending corruption and arbitrariness in diamond mining in the country, India has decided to delink mining and exploration rights. Till now, the company which earned the mining rights for a specific piece of land, also had the right to gain profits from exploration of that mine. Now, the government will pay for exploration, and

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Lucapa Values Mothae Resources at $1,063/ct.

Perth: The Mothae mining project in Lesotho contains mineral resources worth an estimated $1,063 per carat, according to Lucapa Diamond Company, which recently acquired the asset. Mothae holds 1.04 million carats of diamond resources, with a grade of 2.7 carats per 100 tonnes of ore, the miner said on Friday. The figures resulted from an independent estimate carried out by

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GJEPC Hosts India Pavilion at BaselWorld 2017

Mumbai: A contingent of 15 leading Indian manufacturers of loose gemstones and jewellery is participating in the India Pavilion at BaselWorld 2017. The show, which opened yesterday and is expected to attract over 150,000 visitors/buyers from across the globe, runs till March 30, 2017. The India Pavilion, which covers nearly 200 sq m, includes leading players from different centres including

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De Beers Shares Latest Research on US Consumer Trends

London: Natural diamonds are the most desired luxury jewellery product, average purchase prices have increased 25%, Gen Z is now the second largest generation buying diamonds, and non-bridal occasions account for three-quarters of overall US demand. These are some of the key findings of De Beers Group’s latest US Diamond Acquisition Study, featuring responses from 18,500 women aged 18 –

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FTAs Offer Immense Export Opportunity for Indian Jewellery

Jaipur: The Department of Commerce, Ministry of Commerce & Industry, Government of India recently organized a focused outreach programme on “Leveraging FTAs for the Gems & Jewellery (G&J) Sector” in Jaipur, in partnership with the Gems & Jewellery Export Promotion Council (GJEPC). Exporters, manufacturers, MSMEs and other industry stakeholders participated in the programme. The workshop is part of the Government’s

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Golconda & Ancient Diamonds: A Historical Perspective

Singapore: On the third day of 41st World Diamond Congress, on July 15, distinguished jewellery historian and author, Dr. Usha Balakrishnan, of Mumbai, India, will be presenting a lecture entitled “Golconda and Ancient Diamonds – A Historical Perspective. ” “For nearly 2,000 years, every diamond the world had ever seen came from a mystical land, now known as India. These

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Call for African Unity to Defend Natural Diamond Industry

Freetown, Sierra Leone: Against a backdrop of mounting concern over the future of Africa’s diamond sector, ministers from leading diamond-producing nations convened in Freetown, Sierra Leone, on May 20, 2026, to address a challenge that is rapidly transforming the global jewellery landscape—the growing dominance of laboratory-grown diamonds. A key voice at the Council of Ministers meeting of the African Diamond

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