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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Top News

U.S. Fed Raises Rates by 25 Basic Points

New York: The US Federal Reserve on expected lines raised key interest rates by 25 basis points to between 0.50 per cent and 0.75 per cent on Wednesday, its second such hike since last December. The Federal Open Market Committee (FOMC), which concluded its two-day meeting, said that the inflation expectations have increased “considerably” and forecast a steeper path for

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Retail Investment Market Poised for Growth: WGC

Mumbai: The global gold bar and coin market has boomed in the past 10 years. In 2006 global demand was 430t; by 2015 it had more than doubled to 1,051t.  In monetary terms the growth is even more dramatic, surging from just under US$10bn to almost US$40bn, says the latest study report published by the World Gold Council (WGC). Several

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Synthetic Super-Hard Diamond Developed

Mumbai: Scientists have created synthetic diamonds that are harder than the regular ones and may help cut through ultra-solid materials on mining sites. Nano-sized Lonsdaleite is a hexagonal diamond only found in nature at the site of meteorite impacts. “This new diamond is not going to be on any engagement rings. You’ll more likely find it on a mining site

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Koin Int'nl to Hold 1st Polished Tender at IDWI

Ramat Gan: Koin International Diamond Tenders will hold its first tender in Israel during the International Diamond Week (IDWI), from February 13 – 16, 2017, in cooperation with the new International Tender Center at the Israeli bourse. Koin specializes in tenders of rough and polished diamonds. Adam Schulman, Koin International CEO, said, “We are delighted to expand our rough and

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GJEPC Team Meets Nirmala Sitharaman

New Delhi: A GJEPC delegation met Union Finance Minister Mrs. Nirmala Sitharaman in New Delhi on 27th March 2026 to discuss matters concerning the industry. The Council delegation, led by Mr. Kirit Bhansali, Chairman, GJEPC, also included Mr. Shaunak Parikh, Vice Chairman, GJEPC; Mr. Sabyasachi Ray, Executive Director, GJEPC and Mr. K.K. Duggal, Director – Policy, GJEPC. A key focus

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Gemfields Releases 2025 Audited Report

London: Gemfields Group Limited (GGL) recently announced its audited Annual Report for the year ending December 31, 2025, reporting total revenue of $ 135.1 million, down from $ 199.4 million in 2024. The fall in revenue was credited to disruptions in the emerald market during the first half of the year and reduced recovery of premium-grade rubies at Montepuez Ruby

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41st World Diamond Congress Announces Programme

Singapore: The Organising Committee of the 41st World Diamond Congress, to be held July 12-15, 2026, in Singapore, announced its Congress programme. The Congress will include five discussion forums or panels. They are: The World Diamond Congress is the diamond industry’s foremost global gathering, held biennially by the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association

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Lucia Silvestri is the Chief Guest at Artisan Awards 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) has announced 8th April 2026 as the date for the prestigious Artisan Jewellery Design Awards 2026. Official theme of the Award is “Quantum Couture – Re-Engineering Beauty and Cultural Codes.” The GJEPC team declared, “We are honoured to welcome Lucia Silvestri, the creative force behind some of Bvlgari’s most iconic masterpieces,

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