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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Bangkok Jewellery Fair Expects to See £382m Deals

Bangkok: The 59th Bangkok Gems & Jewelelry Fair has projected it will generate in excess of £382 million worth of trade deals. Thailand’s Ministry of Commerce has confirmed that major importers and buyers from key export markets of gems and jewellery will attend the show next month. It expects to see 20,000 international visitors, bringing together more than 700 companies

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India May Revive Old Gold Mines

New Delhi: India is planning to revive a cluster of colonial-era gold mines – shut for 15 years but with an estimated $2.1 billion worth of deposits left – as the world’s second-largest importer of the metal looks for ways to cut its trade deficit, officials said. State-run Mineral Exploration Corp has started exploring the reserves at Kolar Gold Fields,

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India’s Gold Demand Touches 13-Year Low

Mumbai: India’s gold demand has slumped to its lowest in 13 years due to various measures announced by the government to discourage purchases. GFMS, a precious metals consultancy, estimated India’s gold demand at 580 tonnes in 2016, a decline of 34 per cent from the previous year. This level of demand has not been seen in India since 2003. “The

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Rising Demand for Online Diamond Trading

Ramat Gan: Electronic diamond trading is gaining steam worldwide, various stakeholders in the international diamond industry said at an e-commerce symposium held by the Israel Diamond Institute (IDI). The symposium was held at the Israel Precious Stones and Diamonds Exchange with Israel Diamond Exchange (IDE) President Yoram Dvash, Israel Diamond Institute (IDI) Chairman Shmuel Schnitzer, Attorney Eli Shimoni and the

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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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