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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IIJS Bharat Signature 2026 Opens on 8th Jan

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) is set to open the global jewellery calendar with the 18th edition of IIJS Bharat – Signature 2026, the first global B2B jewellery trade fair of the year, scheduled to be held across two premier venues in Mumbai later this week. The exhibition will be held at the Jio World Convention

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IIJS Signature 2026: Setting the Tone for a Confident Indian G&J Ind.

Mumbai: (By Suresh Chotai) As the global jewellery industry navigates shifting consumer preferences, geopolitical uncertainties, and evolving supply dynamics, India continues to stand tall as a resilient, design-led, and manufacturing-driven powerhouse. IIJS Bharat Signature 2026, organized by the Gem & Jewellery Export Promotion Council (GJEPC), is poised to open the year (from 8th to 12th Jan) with renewed optimism, strategic

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Paul De Wachter Named as CEO, HRD Antwerp

Mumbai: The Board of Directors of HRD Antwerp, a subsidiary of the Antwerp World Diamond Centre (AWDC), has appointed Paul De Wachter as its new CEO. Bringing over twenty years of experience and a proven track record in the international diamond industry, De Wachter is to take charge as CEO from January 5, 2026. As CEO, he is tasked with

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Mallikarjuna Reddy Yarabolu Named as MD of Forevermark India

London: De Beers Group has named retail veteran Mallikarjuna Reddy Yarabolu as Managing Director of Forevermark India, effective January 2026. With over 20 years of experience across fashion, retail and luxury, Yarabolu is expected to drive growth and deepen Forevermark’s presence in the evolving Indian jewellery market. De Beers Group has announced the appointment of Mallikarjuna Reddy Yarabolu as Managing

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Poor Pay in India’s Gem Trade: ASSOCHAM

New Delhi: Salaries in India’s gem and jewellery sector are half of those in other industries, according to a report that highlights a labor shortage driven by rock-bottom pay and dangerous working conditions. Workers in the industry earn an average of $3,740 (INR 252,000) per year, according to a study by the Associated Chambers of Commerce & Industry of India

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New Technic to Produce Artificial Diamonds

Moscow: Experts of the Institute of Solid State Chemistry and Mechanochemistry (ISSCM) of the Siberian Branch of the Russian Academy of Sciences (SB RAS) have developed a technique to produce artificial diamonds, which permits to make them a thousand times faster, much faster than the methods used today. The news was broken to reporters by Boris Tolochko, Senior Research Fellow,

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Rough Prices Declining: ABN AMRO

Amsterdam: Rough diamond prices are likely to fall because of sluggish consumer demand for jewelry, according to a report from ABN AMRO. A surge in the Composite Rough Diamond Index so far this year is not sustainable and may have been motivated by traders’ opportunistic behavior, Georgette Boele, the bank’s coordinator of FX and precious metals strategy, said in a

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Laboratory Grown Diamond Sales Triple

New York: NPD Group, a well-recognized market research firm releases findings from its recent project ‘Diamond Tracker’, which gathers data from a representative cross section of U.S. Speciality jewellers, 3950 doors in total. The study shares interesting data about how lab-grown diamonds are selling at retail, Madestones reported. The percentage of total sales of laboratory grown diamonds has tripled from

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