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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Commerce Secretary Visits GJEPC Ofiice

Mr. Rajesh Agrawal, Commerce Secretary, Department of Commerce, India, visited GJEPC headquarters in Mumbai on 26 December and held a detailed interaction with GJEPC’s Committee of Administration, including Mr. Kirit Bhansali, Chairman, Mr. Shaunak Parikh, Vice Chairman, Mr. Anoop Mehta, Convener – Diamond Panel, Mr. Russell Mehta, Co-Convener – Diamond Panel, Mr. K.S. Srinivasan, Convener – Gold Panel, Mr. Ashish

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GJEPC Welcomes India’s Role as KP Chair

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the nodal agency for the Kimberley Process (KP) in India, welcomes India’s election as Chair of the Kimberley Process Certification Scheme (KPCS) for 2026. The Kimberley Process Certification Scheme, a UN-mandated initiative, is the only global mechanism governing international trade in rough diamonds, aimed at preventing conflict diamonds from entering legitimate

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India New Zealand FTA to Benefit G&J Industry

Mumbai: India and New Zealand recently concluded a Free Trade Agreement (FTA) that offers significant duty-free access for Indian exports, but Gems & Jewellery (G&J) are listed among the sensitive sectors excluded from immediate zero-duty benefits under the FTA, with India protecting these products, alongside dairy, sugar, and metals, from immediate tariff cuts, though the overall deal aims to boost labour-intensive exports like textiles,

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India’s G&J Exports Recover During April-Nov 2025

Mumbai: India’s gem and jewellery (G&J) exports showed clear signs of stabilization and recovery during April-November 2025, supported by improving global demand conditions and strong performance across diversified international markets. Total exports for the period rose marginally by 0.07% year-on-year to $18.87 billion, compared to $18.85 billion in the corresponding period last year, underscoring the sector’s resilience amid a challenging

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FCRF Unveils Fancy Color Diamond Rarity Evaluator

New York: Following five years of data collection, analysis and platform development, the Fancy Color Research Foundation (FCRF) is launching the first ever industry Fancy Color Rarity Evaluator (FCRE™). The FCRE™ provides proprietary rarity estimates to all yellow, pink and blue fancy color diamonds based on the diamond’s carat weight, color, color intensity, clarity and shape. The FCRE™ will provide

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Millennials Spent $25 Billion on Diamond Jewellery

Gaborone: Millennials spent more than US$25 billion on diamond jewellery in 2015 in the four largest consumer markets, acquiring more than any other generation, according to The Diamond Insight Report 2016, published on Thursday by The De Beers Group of Companies. Despite Millennials (those aged 15-34 in 2015) facing more financial challenges than their parents’ generation, they already account for

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JNA Awards 2016 Salutes Pioneers and Innovators

Hong Kong: The fifth annual JNA Awards was a resounding success. Twenty-eight shortlisted companies were recognized and recipients of eleven award categories were announced at the InterContinental Hong Kong on 14 September. To add to the excitement that evening, internationally acclaimed tenor, Warren Mok, gave an outstanding performance to the audience. Organized by JNA (Jewellery News Asia), the awards event

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HRD's New Innovative Diamond Grading Reports

Hong Kong: HRD Antwerp, Europe’s leading authority in diamond certification, has launched its newly restyled Diamond Grading Reports and Diamond Jewellery Reports during the Hong Kong Jewellery and Gem Fair which runs from September 13rd – 17th 2016. Important improvements were made to the visual representation of HRD Antwerp Diamond Grading Reports and Jewellery Reports in order to provide them

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