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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Italian Exhibition Group Accredited at the UN

Rimini: The Italian Exhibition Group Spa (IEG), the new trade show company created through the merger between Rimini Fiera and Fiera di Vicenza, received prestigious international recognition in New York on Thursday (January 12), when it was awarded formal accreditation through CIBJO, the World Jewellery Confederation, from ECOSOC, the United Nations Economic and Social Council, for promoting and implementing activities

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Sierra Leone Optimistic about Diamond Trade

Ramat Gan: Sierra Leone President Ernest Bai Koroma spoke optimistically of the nation’s future in the diamond industry on a visit to the Israel Diamond Exchange (IDE). “Even though the alluvial diamond deposits [in Sierra Leone] are shrinking, there are still diamonds in kimberlite pipes which could be mined,” President Koroma was cited as saying in a note on the

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ALROSA’s Diamond Resources Decline

Moscow: ALROSA’s rough diamond resources fell 4 percent to 1.03 billion carats as at July 1, 2016, the Russia-based miner reported. Back on January 1, 2015, the resources stood at 1.08 billion carats. Both assessments were carried out in accordance with a code outlined by the Joint Ore Reserves Committee (JORC), the Australasian guidelines for reporting mineral resources and ore

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GJEPC Wishes 5% Import Duty on Gold

Mumbai: To curb grey market and boost the organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is expecting Finance Minister Arun Jaitley to reduce the import duty on gold to around 5 per cent in the upcoming Union Budget. “We are expecting the Finance Minister to reduce the import duty on gold to up to 5 per cent

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GJEPC Urges Simpler Path to Gold Monetization

Mumbai: India’s gold monetization efforts must focus on simplicity, trust and convenience if the country is to unlock the vast stock of idle household gold, said Khushboo Ranawat, Regional Chairperson – West, and Member – National Exhibitions, GJEPC, during a panel discussion at the ‘India’s Gold Revolution: Monetization, Tokenization & Financial Transformation’ seminar organized by the Bombay Chamber of Commerce &

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GJEPC Hosts U.S. Senators, State Lawmakers for Industry Dialogue

Mumbai: Against the backdrop of deepening India-U.S. trade ties, GJEPC hosted a delegation of U.S. senators, state legislators and National Conference of State Legislatures (NCSL) officials at its Mumbai headquarters on 22nd June to provide an overview of India’s gem and jewellery industry and discuss key sectoral trends. The delegation comprised Wayne Harper, President Emeritus and President Pro Tempore, National Conference

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Jewellery Crafts Design Competition at IIJS Bharat-Premiere 2026

Mumbai: IIJS Bharat – Premiere 2026 invites you to participate in the “Jewellery Crafts Design Competition”, presented under this year’s Brilliant Bharat – “Music of India” theme. For the 42nd edition of IIJS Bharat – Premiere, exhibitors are encouraged to create jewellery inspired by India’s rich and diverse musical heritage. From classical ragas, folk traditions, devotional music, and regional instruments

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PGI (India) Strengthens its Consumer Visibility

Mumbai: Platinum Guild International (PGI) India has announced a focused hyperlocal activation programme ahead of the upcoming wedding season, aimed at strengthening consideration for platinum jewellery across key markets. The programme will run from mid-June to mid-July 2026. Designed to deliver high reach and frequency across premium catchments, the initiative aims to increase visibility for platinum jewellery closer to key

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