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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Kalyan Jewellers Enters United Kingdom

Thrissur: Kalyan Jewellers, one of India’s jewellery brands, has further strengthened its global presence with the launch of its new showroom on Belgrave Road widely known as Leicester’s Golden Mile, the UK’s most prominent jewellery and South Asian retail hub. This milestone entry into the United Kingdom marks a strategic leap in the brand’s international expansion journey, following its sustained

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QWEEN to Launch as India’s First Self-Discovery Experiential Jewellery Brand

Bangalore: QWEEN, India’s First Self-Discovery experiential jewellery brand, was originally launched as a bootstrapped venture by Amit Kumar and Suyash Motarwar, born from a shared vision to reimagine how modern Indian women discover and experience fine jewellery. The founders later secured seed funding from Japanese luxury jeweller Kashikey Co. Ltd., enabling early product development and the foundational phase of brand

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Wesley Tucker to step down as CEO of Tracr

De Beers Group has announced that Wesley Tucker will step down from his role as Chief Executive Officer of Tracr and leave the business at the end of February 2026. Wesley joined De Beers Group in April 2021 as Head of Digital Transformation before taking on the role of CEO of Tracr, the blockchain technology platform and diamond traceability business

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GJC Requests Formation of Gujarat State Level Vigilance Committee

Ahmedabad: The All India Gem and Jewellery Domestic Council (GJC) yesterday informed that it had formally requested the Government of Gujarat to establish a State Level Vigilance Committee dedicated to protecting the interests of jewellers across the state. A high-level delegation from GJC, led by Chairman Mr. Rajesh Rokde, Vice Chairman Mr. Avinash Gupta, Director Mr. Salim Daginawala, ZCM Mr. Avi Shah,

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Federation of Swiss Watch Ind. is Member of CIBJO

Milan: CIBJO, the World Jewellery Confederation, has announced that its Board of Directors has confirmed the membership of the Federation of the Swiss Watch Industry FH. CIBJO President Gaetano Cavalieri welcomed the decision, stating that it underscores the convergent interests of the watch, jewellery and gemstones industries, and the need for all to work together to protect consumer confidence and

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Alrosa Extends its Existing Rough Supply Contracts

Moscow: Alrosa extended its existing rough diamond supply contracts through Q2 2021 after a thorough analysis of the market situation and its clients’ needs, as part of the preparation of new three-year arrangements. The company said the adaptation of its supply to real demand is aimed at ensuring support for an emerging supply demand balance. During Q1 2021, Alrosa hosted

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Distinguishing the Afghan Emeralds from Others

Basel: The first detailed study characterising an emerald type from Afghanistan that has recently become available in the gemstone trade has been prepared by a team of scientists from the Swiss Gemmological Institute SSEF, and published in the most recent edition of Journal of Gemmology. One of the challenges posed by such emeralds is that they are on occasion mislabeled

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Jonathan Kendall Appointed Executive VP of CIBJO

Milan: CIBJO, the World Jewellery Confederation, has announced the appointment of Jonathan Kendall as the association’s Executive Vice President. His nomination was tabled by CIBJO President Gaetano Cavalieri and approved by the CIBJO Board of Directors. Long active in CIBJO, Jonathan has served for years as President of the Confederation’s Marketing & Education Commission, authoring a series of guides on

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