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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GIA Finds Significant Undisclosed Synthetics

Mumbai: The Gemological Institute of America (GIA) recently uncovered an unusually large number of undisclosed synthetic diamonds mixed in with natural melee diamonds, the lab confirmed with Rapaport News on Monday. A parcel of 323 melee diamonds with an average size of 0.014 to 0.015 carats was found to contain 101 chemical vapor deposition (CVD) synthetic stones at the GIA’s

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Lucara Exploration Sample Yields 4.56ct. Diamond

Gaborone: Lucara Diamond Corporation has recovered rough diamonds weighing more than 1 carat apiece – including one weighing 4.56 carats – from an ore sample that came from its BK02 exploration project in Botswana. That largest stone was a white-grey octahedron, the miner said on Monday. In total, the company recovered 22 diamonds of more than a carat each, including

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AGS Announces '17 Circle of Distinction Honorees

New York: The American Gem Society (AGS) will honor three leaders in the jewelry industry at its annual Circle of Distinction dinner on July 25 in New York City. Dr. James Shigley, a distinguished research fellow at the Gemological Institute of America (GIA) in Carlsbad, CA, will receive the prestigious Lifetime Achievement Award for his significant contributions to the industry

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IDE to Host 3 I. Hennig Rough Tenders in March

Ramat Gan: I. Hennig Tenders, a leading international diamond tender operator, will hold three rough diamond tenders at the Israel Diamond Exchange (IDE) International Tender Center from March 13-16, 2017. The first tender will offer two special fancy color rough diamonds of yellow color from the Superkolong diamond tailings operation in Kimberley, South Africa. The stones weigh 77.54 and 38.88

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Mehul Shah Elected President of WFDB

Mumbai: Mehul Shah, Vice President of Bharat Diamond Bourse has been elected President of World Federation of Diamond Bourses, (WFDB) the apex global body of the diamond trade comprising 26 Diamond Bourses from across the Globe and 6 affiliated members.  The election took place on Monday, July 12, during the ongoing World Diamond Congress in Singapore.  Leaders of the 21

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HRD Design Awards Coming to India

Mumbai: For 40 years, the HRD Design Awards have celebrated the world’s finest jewellery design talent. Now, for the first time in its history, the awards are coming to India. Designers, jewellers, students, goldsmiths, and creative talents from around the world are invited to submit their entries and compete on a global stage. THEME “Where Earth Meets Eternity Born from the

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IAGES Directory Brings Verified Partners on One Platform

Mumbai: The Accredited Partner Directory launched by the Indian Association for Gold Excellence and Standards (IAGES) in November, 2025, has gained significant momentum among consumers and gold businesses since its inception. This one-stop digital platform now hosts a growing network of over 700 IAGES partner outlets across 200 cities, allowing consumers to find verified, trusted jewellers nearest to them before

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De Beers Sets out Portfolio & Organizational Actions to Support Long-Term Value Creation

London: De Beers Group is advancing delivery of its business streamlining by setting out a number of planned portfolio and organisational changes to ensurean efficient cost base that strengthens resilience in the near-term while enhancing future competitiveness and retaining optionality as industry conditions improve. Since 2024, De Beers has been streamlining its business in line with its Origins strategy to

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