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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Top News

BIS Reserves “Diamond” for Natural Diamonds

Mumbai: The Indian gem and jewellery industry has long faced challenges arising from the use of multiple, inconsistent, and often ambiguous terms to describe diamonds and their alternatives—particularly in digital and e-commerce environments. This lack of formal guidance has contributed to consumer confusion and inconsistent disclosure practices across the market. The Natural Diamond Council (NDC) welcomes the adoption of IS

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‘Quantum Couture’ is the Theme for Artisan Awards 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has officially announced the theme for the prestigious Artisan Jewellery Design Awards 2026, “Quantum Couture – Re-Engineering Beauty and Cultural Codes.” Launched as a call to push boundaries, the 2026 edition invites designers to move beyond convention and create wearable art for a radically evolving world—where jewellery design, legacy and technology

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GJEPC Proposes Pre-Budget Recommendations

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body representing India’s gem and jewellery sector, has proposed its pre-Budget recommendations to Hon’ble Finance Minister Smt. Nirmala Sitharaman, outlining key policy measures to boost India’s export competitiveness, enhance ease of doing business, and support the industry’s resilience amid global headwinds. India’s gem and jewellery exports, valued at USD

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Platinum Jewellery Shines at Golden Glob Awards

Mumbai: Platinum jewelry played a defining role in many of the most memorable red-carpet looks at the 83rd Annual Golden Globe Awards. Chosen for its naturally white luster, exceptional strength, and ability to securely showcase diamonds and colored gemstones, platinum once again proved why it remains the foundation of fine jewelry at the world’s top awards shows. Celebrities and their

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HRD Antwerp Organizing HRD Design Awards

Mumbai: HRD Antwerp is organizing the HRD Design Awards from 11th May to 14th June 2020 via an online module, with a theme that will be an inspiration for others in the current global crisis. The theme for the competition in 2020 is HAPPINESS – A New Beginning. Designers are invited to delve into their thoughts of happiness, in order to produce brilliant diamond and gemstone jewels.

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Limited G&J Exports Allowed by Government

Mumbai: Thousands of gems and jewellery exporters in Mumbai took a breath of relief, as the government of Maharashtra yesterday in a landmark decision, allowed designated export units of diamond and jewellery to begin their operations in Mumbai. However, considering the ongoing COVID-19 pandemic, the government has allowed limited workforce in these jewellery export units and also transport of the employees

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Jewellery Showrooms Reopen with Slow Business

Mumbai: After a prolonged period of lockdown spanning over 45 days, sections of India’s retail jewellery industry began to reopen as restrictions were partially lifted in certain parts of the country. The move comes as a relief to the trade which has lost significant business during the closure which commenced on March 24, 2020. Many pan-India large retail chains such

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Rio Tinto Introduces COVID-19 Testing at Diavik Mine

Perth: As an extra precautionary measure to protect employees and community members, Rio Tinto is introducing COVID-19 testing at its Diavik diamond mine in Northwest Territories, Canada. Not for profit public health experts GuardRX have installed an on-site laboratory at Diavik to conduct a testing program for employees and contractors using nasopharyngeal swabs. The program is being implemented in collaboration

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