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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Israel Denies Work Permit to Human Rights Watch

Tel Aviv: Human Rights Watch reported that Israeli authorities denied its application for a work permit submitted by the organization’s Israel and Palestine director on the grounds that it is not a real human rights group, reports Rough&Polished. In his reply to the application, Moshe Nakash, Permit Division Director at Israel’s Administration Service for Employers and Foreign Workers cited the

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GJSCI Declares Winners of Design Revive Contest

Mumbai: Gem & Jewellery Skill Council of India (GJSCI) announced winners of Design Revive Contest 2017 during the 3rd edition of Jewel Talks, an interactive knowledge forum, in Mumbai’s on 23rd February 2017. Ms. Mahima from Institute NIFT, Mumbai won the first prize, Ms. Vipula Ayare from Institute SNDT College, Mumbai won the second prize and Mr. Sankesh Surana from

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Dominion Diamond Reports Sharp Fall in Q4 Sales

Toronto: Dominion Diamond Corporation reports fourth fiscal quarter diamond sales of $129.9 million from the sale of 1.4 million carats compared with $178.1 million from the sale of 1.1 million carats in the year-earlier quarter. “Total rough diamond sales decreased 27% in the fourth fiscal quarter compared to the same period in the prior year. This was due primarily to

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Lucapa Finds Another Large Stone at Lulo

Luanda: Lucapa Diamond Company reports the recovery of yet another large, high-quality diamond from its Lulo diamond project in Angola. The mining company unearthed the 62-carat diamond from another new alluvial mining area at the project. The firm said that testing confirms that the 62-carat stone is a premium-quality Type IIa gem. The diamond is the second large diamond to

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GJEPC Joins Govt Delegation to Canada for CEPA Talks

New Delhi: Union Commerce & Industry Minister Mr. Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties. Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the

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India Design Gallery at JCK Las Vegas 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) presents the India Design Gallery at the 2026 JCK Las Vegas trade show. This exclusive gallery, located at Level 1 Lobby, will highlight some of the most exquisitely crafted jewellery pieces from India. Held from 29thMay to 1st June 2026, at the Venetian Expo | Indian Pavilion at Level 1 and

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Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million

London: Gemfields recently announced revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats

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D. P. Abhushan Q4 2026 PAT Jumps 101% YoY

Bhopal: DP Abhushan Limited (NSE: DPABHUSHAN, BSE: 544161), a company marking golden legacy of 86 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 12 different geographics in India, announced its financial results for the fourth quarter and full year ended 31st March 2026. The company reported a strong performance with Q4FY26

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