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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India Diamond Week Opened in New York

New York: The 6th India Diamond Week organised by The Gem & Jewellery Export Promotion Council (GJEPC) opens yesterday with 48 diamond manufacturers displaying their products on the Trading Floor of the Diamond Dealers Club, New York. The 3½ day event concludes on Thursday, January 26. The annnual trading platform has been established to assist Indian diamantaires develop and strenthen

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India’s December 2016 G&J Exports Up 22.4%

Mumbai: India’s exports of Gem & Jewellery for Dec.2016 recorded $3.09 bn showing a growth of 22.38% as compared to exports worth $ 2.53 bn for the same month year 2015, according to data released by the Gem & Jewllery Export Promotion Council (GJEPC) of India. The country’s exports for 9-month FY 2016-17, reached $ 32.03 bn and was 11.76%

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ALROSA to Display Unique Diamonds at IDWI

Ramat Gan: Large and unusual stones mined by Russia’s Alrosa promise to be key attractions at the sixth International Diamond Week in Israel (IDWI) which will be held from February 13 to 16. The special stones will be prominently displayed on the trading floor of the Israel Diamond Exchange (IDE). Alrosa will display three big rough diamonds of 83.59, 90.52

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Petra Diamonds' Revenue Gets High Jump

Johannesburg: Petra Diamonds said revenue leapt 48 percent in the first fiscal half because of steady demand following a stabilization in the rough market. Sales grew to $228.5 million during the six months that ended December 31, the miner reported. Excluding ‘exceptional’ diamonds, revenue rocketed 51 percent from a year ago to $217.6 million. Total sales by volume jumped 47

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Ranbir Kapoor Joins PNG Jewellers as New Ambassador

Mumbai: PNG Jewellers, one of India’s most revered jewellery houses with a legacy dating back to 1832, announces Bollywood icon Ranbir Kapoor as its new brand ambassador. With his effortless blend of heritage, credibility and contemporary appeal, Ranbir Kapoor marks an exciting new chapter in PNG Jewellers’ journey as the brand strengthens its national presence. Founded in Maharashtra and now

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CIBJO Warns About Non-Authorized Individuals

Mumbai: The World Jewellery Confederation (CIBJO) has issued an urgent warning about individuals claiming to represent CIBJO or bodies directly affiliated with CIBJO, offering products and/or financial instruments endorsed by CIBJO. The existence of such claims was brought to CIBJO’s attention on January 22, 2026, by a business person in India, who had been approached by an organization identifying itself

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Industry Leaders’ Expectations from the Budget

Mumbai: The India Union Budget 2026-27 is expected to be presented on 1 February 2026 as India’s economy is forecast to expand by 7–7.5%, driven by resilient consumer spending, infrastructure upgrades, and ongoing policy initiatives. However India’s Gems and Jewellery sector (G&J) still needs some buster doze to bring it back on the track. We have received some feedbacks from

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NDC Welcomes its New Members

Mumbai: The Board of Natural Diamond Council (NDC) is delighted to announce that Angola’s ENDIAMA E.P. and SODIAM E.P. have formally joined the organization as members, following the completion of all legal and regulatory requirements for accession. ENDIAMA E.P. – Empresa Nacional de Diamantes de Angola (National Diamond Company of Angola) is Angola’s state-owned diamond mining company, responsible for managing

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