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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‘Sparkle’ Show by SGCCI Postponed

Surat: The Southern Gujarat Chamber of Commerce and Industry (SGCCI) has decided to put off an exhibition of gems and jewellery, Sparkle, by a month, citing lack of sponsors following demonetisation. The event was scheduled to be held from December 16 to December 19, but now it would be held from January 19 to January 22. Every year, as part

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IZAARA wins ‘Emerging Brand of the Year Award’

Mumbai: Izaara, a premium silver jewellery brand launched by WHP Jewellers in October 2016 bags ‘Emerging Brand of the Year Award’ at World Consulting & Research Corporation’s  (WCRC) 2016 paving its way in the contemporary era for its trendy designs, unique positioning and rapid PAN India expansion. The event was held at Sahara Star on 21st December 2016 where prominent

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De Beers Abandons Search in N. Saskatchewan

Vancouver: The world’s largest diamond mining company says it is walking away from its search for the precious stones on a 43,000-acre property in northern Saskatchewan after several “targets” turned out to be magnetic minerals mixed with organic materials. De Beers Canada Inc. started looking for kimberlite — a volcanic rock famous for containing diamonds — north of the decommissioned

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VicenzaOro Show to Emphasise on CSR

Vicenza: The VicenzaOro January show which is being held from Jan 20-25, 2017 will have a range of activities that focus on the theme ‘Responsible Gold’ to emphasise the importance of CSR activity by the industry. This will be the first jewellery show to be presented by Italian Exhibition Group S.p.A. (IEG), the trade show company founded after the merger

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IIBX & GJEPC Facilitate First-Ever Duty-Free Gold Import

Mumbai: The India International Bullion Exchange (IIBX), in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC), has achieved a major milestone by facilitating the country’s first-ever duty-free import of gold under the Directorate General of Foreign Trade’s (DGFT) Advance Authorisation Scheme. This breakthrough marks a new chapter in India’s bullion market, aligning with the government’s vision to streamline

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Kirit Bhansali Attends India-UK CEOs Forum

Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) Chairman Mr. Kirit Bhansali was privileged to represent the gem and jewellery sector as part of the distinguished delegation accompanying Hon’ble Prime Minister Mr. Narendra Modi during his discussions with UK Prime Minister Sir Keir Starmer at the India-UK CEOs Forum . This high-level trade mission underscores the strong commitment of

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Feriel Zerouki to Leave De Beers Group

London: De Beers Group today announced that Feriel Zerouki, Chief Trade and Industry Officer and member of the Executive Committee, has decided to leave the company at the end of October 2025. Feriel joined De Beers in 2005 and has played a central role in shaping the company’s leadership in ethics, provenance and industry integrity. She led the launch of

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NITI Aayog Partners with GJEPC to Boost Exports

Mumbai: India’s gems and jewellery industry got a significant boost on 7th October 2025, when NITI Aayog and GJEPC brought together key stakeholders to discuss the sector’s future competitiveness and export potential. The hybrid event, hosted at the Bharat Diamond Bourse (BDB) with several participants joining virtually, featured Mr. Sanjeet Singh, Senior Advisor, NITI Aayog, joined by Mr. Kirit Bhansali,

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