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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De Beers Q4 Output Leaps 10pc to 7.8mct

Gaborone: De Beers’ rough diamond production leaped 10 percent to 7.8 million carats during the fourth quarter of 2016 compared with 7.1 million carats, a year earlier, when production was reduced in response to trading conditions, Anglo American said. The group’s rough diamond production also increased 24 percent compared with 6,273 million carats produced during the third quarter as a

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Blom Diamonds Taken Over by Tychean Resources

Johannesburg: Blom Diamonds, a cutting and polishing firm owned by senior industry figure Ernie Blom, has agreed to be acquired by Australia’s Tychean Resources for up to $4.1 million (AUD 5.5 million). Under the deal, Tychean will issue shares worth about $206,352 (AUD 273,800), based on AUD 0.004 per share at the time of the deal, to acquire a 74

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Singapore Jewellery Expo from 6-9 July 2017

Singapore: The Singapore International Jewellery Expo (SIJE) 2017 will be held at Marina Bay Sands, Singapore, on 6 – 9 July 2017.  Featuring more than 200 exhibitors from 25 countries, the expo will showcase exquisite jewellery from manufacturers and designers from all over the world. The abundance of natural gems and resources in Asian countries, coupled with the 5% increase

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WDM Seminar at BrilliAnt

Antwerp: The World Diamond Mark (WDM) seminars, to be held during BrilliAnt, the Antwerp Diamond Trade Fair, will present the two main elements of the WDM programmes that aim to drive consumer traffic to the participating retail jewellers. First, the WDM team will lift a tip of the veil of the “Part of You” consumer campaign. The point of departure

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Kirit Bhansali Appointed as Nominee Director on IAGES Board

Mumbai: Mr. Kirit A. Bhansali has been appointed as the Nominee Director on the Indian Association for Gold Excellence and Standards (IAGES) Board, effective from11th May 2026. Mr. Bhansali, Chairman of India’s Gem & Jewellery Export Promotion Council (GJPEC) is a well-known personality in the Indian diamond and jewellery industry. He is a partner in Smital Gems, a leading diamond

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NDC Welcomes Rulings from ASA

London: Natural Diamond Council has welcomed two rulings from the UK’s advertising watchdog backing its efforts to protect consumers from misleading adverts of synthetic diamonds. The not-for-profit organisation, which exists to promote and protect the integrity of the global natural diamond industry, complained to the Advertising Standards Authority (ASA) about adverts by two retailers that failed to mention their products

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Second edition of “TREASURES” in Lisbon

Lisbon: The second Edition of TREASURES, an award-winning international colloquium, will take place under the patronage of the President of the Republic of Portugal at the Royal Treasure Museum, Palácio Nacional da Ajuda, in Lisboa, Portugal, November 13-14, 2026. The theme of this year’s edition is “Crowns and Tiaras.” During the two-day colloquium, participants will enjoy presentations by a choice

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GJC Gets New Office in Mumbai

Mumbai: The All India Gem & Jewellery Domestic Council (GJC), representing over six lakh jewellers across India, marked another significant milestone in its journey with the inauguration of its new office at Trust House, Parel East, Mumbai. Over the past two decades, GJC has emerged as a leading national trade body advocating policy reforms, promoting transparency, encouraging responsible trade practices,

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