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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TGJTA to Host Inaugural Thailand G&J Fair 2017

Bangkok: The Thai Gem and Jewelry Traders Association (TGJTA) says the inaugural Thailand Gems & Jewelry Fair 2017 will take place from June 15 to 18 at Challenger 1, IMPACT, Muang Thong Thani, Bangkok. “We are certain to see a bigger and better fair than our previous editions this coming June,” said Suttipong Damrongsakul, President of the Thai Gem and

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HRD Opens 1st Centre of Excellence in China

Shanghai: HRD Antwerp today opened its first Centre of Excellence branch in Shanghai, China. The opening took place in the framework of the City of Antwerp’s mission to Seoul and Shanghai, and was held in the presence of the Mayor of Antwerp Bart De Wever and Antwerp’s Alderman for Diamonds Ludo van Campenhout. China is the second most important and

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Zim Seeks to Boost Waning Diamond Industry

Harare: Zimbabwe’s finance minister Patrick Chinamasa said the country should urgently address the “sector issues militating against efficient” production of diamonds. Although he could not spell out the challenges during his 2017 budget presentation, Harare’s decision to merge diamond mining operations in Marange had not yielded intended results. Although the erstwhile Marange diamond mining companies were accused of siphoning revenue,

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Belgian Government Adopts ‘Carat Tax’

Antwerp: The Belgian Parliament has officially adopted the ‘Diamond Regime’, commonly known as the ‘Carat Tax’, as the new fiscal system for the Antwerp diamond industry. The new system stipulates that companies will no longer be taxed on the basis of their profit but on a fixed percentage of their turnover – thereby eliminating complicated discussions with tax authorities about

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Roadmap for Gold Innovation & Global Reach

Mumbai: Senior leadership from the World Gold Council’s (WGC) London head office visited the Indian Institute of Gems & Jewellery (IIGJ), Mumbai, on 21 April 2026, with a clear focus on advancing gold jewellery innovation through design, technology and new product concepts. The visit explored collaboration on talent development alongside innovation-led initiatives, with the delegation also interacting with students exhibiting

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Programme of 41st WDC Available on Website

Singapore: The Organizing Committee of the 41st World Diamond Congress (WDC), to be held July 12-15, 2026, in Singapore, announced that the full programme of the three-day event is now available and can be viewed in full on the dedicated Congress website. While the Congress panels for the joint WFDB and IDMA sessions were published earlier, the full programme now

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Platinum Season of Love Begins from 17th April

Mumbai: Platinum Guild International (PGI) India has announced the launch of Platinum Season of Love 2026, its signature nationwide retail activation set to run from 17th April to 31st May 2026 across jewellery stores in India. A key strategic initiative in PGI India’s annual calendar, the programme is designed to drive consumer demand and retail momentum for platinum jewellery across

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Edward Asscher Announces Candidacy for VC of the RJC

Amsterdam: Edward Asscher, the incumbent Vice Chair of the Responsible Jewelry Council (RJC), announced that he will run for another term in the position. In a letter to the RJC membership, he noted that the diamond, gem, and jewellery industry would be facing greater commercial challenges than ever before. “After serving four years as Vice Chair, I continue to argue

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