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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India’s New Shopping Mindset, Before You Buy Gold, #PehlaCheckIAGES

Mumbai: Indian consumers are being given the choice to make more informed decisions while buying gold. The efforts of Indian Association of Gold Excellence and Standards (IAGES), a self-regulatory organization created by the gold industry, is beginning to see the fruits of the groundwork it has put, into encouraging a shift in the gold-buying mindset of people with its pan

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De Beers Diamond Output Rises 17% in Q1 2026

London: De Beers Group reported a 17% rise in rough diamond production to 7.1 million carats in Q1 2026, driven by higher volumes from Canada and South Africa. The increase was operational. Canada recorded the sharpest growth, with production rising to 1.0 million carats, up 163% on planned ore release from Gahcho Kué. South Africa output surged 53% to 0.7

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IIGJ Udupi Centre Inaugurated by India’s FM

Udupi, (Karnataka): Marking a significant milestone in India’s gem and jewellery skill development landscape, the Indian Institute of Gems & Jewellery (IIGJ), Udupi was unveiled yesterday as a new centre of excellence by India’s Finance Minister (FM) Mrs. Nirmala Sitharaman, reaffirming the government’s continued focus on skilling, innovation and employment generation for the sector. The ceremony was attended by Mr.

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India and New Zealand Sign Strategic FTA

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the signing of the India–New Zealand Free Trade Agreement (FTA) on 27 April 2026, calling it a timely and strategic step that opens a high-potential market for Indian gem and jewellery exporters. India’s current gem and jewellery exports to New Zealand stand at approximately USD 16.61 million. With zero-duty

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