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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Muthoot Launches Anantavarsham Platinum Series

Mumbai: Muthoot Exim, the precious metals division of the 130-year–old corporate conglomerate Muthoot Pappachan Group, today launched India’s first ever range of non jewellery platinum products made from the rarest of precious metals, platinum. Named ‘Anantavarsham Platinum Series’, the new range of non jewellery products aims to give Indian customers unprecedented access to affordable platinum products, purchased via savings and

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Gahcho Kue Mine Begins Commercial Production

Toronto: Gahcho Kué, the world’s largest new diamond mine in the last 13 years, officially began commercial production on 2nd March 2017, according to a press release. The mine, a joint venture with De Beers Group (51 per cent) and Mountain Province Diamonds (49 per cent), is expected to produce approximately 54 million carats of rough diamonds over its lifetime.

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India Pavilion at the Hong Kong Show

Hong Kong: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gems & jewellery industry in India, is organizing India Pavilion at Hong Kong International Diamond, Gem and Pearl show from 28 February to 4th March 2017 at AsiaWorld-Expo and at Hong Kong International Jewellery Show from ¬2nd to 6th March, 2017 at Hong Kong Convention

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Alrosa to Introduce Synthetic Diamonds Detector

Moscow: ALROSA representative Dr. Sergei Terentev will introduce the firm’s newly developed instrument Diamond Inspector at the third Mediterranean Gemmological and Jewellery Conference in May. The Diamond Inspector can identify: polished natural diamonds from polished synthetic diamonds, polished treated diamonds and diamond simulants, according to a statement from the organizers. The ALROSA Diamond Inspector relies on three analytical methods to

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Suresh Hathiramani Elected as Chairman of WDHB

Singapore: The World Diamond Heritage Board (WDHB) has announced the appointment of Mr. Suresh Hathiramani as Chairman and Mr. Alex Popov as Vice-Chairman, of the Selection Committee of the World Diamond Heritage List (WDHL). A Historic Initiative for the Diamond Industry: The World Diamond Heritage List is an initiative designed to identify and document the 100 diamonds that have shaped

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Antwerp’s Diamond Trade Increased by 20% in Q1

Antwerp: According to figures from the Antwerp World Diamond Centre (AWDC), the total volume of diamonds traded in Antwerp increased by nearly 20% in the first quarter of 2026 compared to the same period last year. The import of rough diamonds in particular saw strong growth, with a 35.7% increase in volume. In terms of total trade value, the trading

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India Govt. Includes Jewellery in FTWZ

New Delhi: In a significant policy clarification, the Government of India has brought jewellery under the ambit of Free Trade Warehousing Zones (FTWZ), extending the scope of the existing framework governed by the SEZ Rules, 2006. Under a Circular dated 3rd March 2016, FTWZ units were already permitted to undertake storage and vaulting of precious commodities such as gold, silver,

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Sennes Launches its 1st Exclusive LGD Store in Noida

Noida: Backed by the legacy and trust of Senco Gold & Diamonds, Sennes – Senco’s lab-grown diamond (LGD) focused lifestyle brand – announced the launch of its first exclusive store in Noida at Gaur City Mall. This marks Sennes’ 12th store in the country and its debut in the Noida market, further strengthening its presence across key urban centres. Positioned

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