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

Before You Buy Gold, Follow the Golden Rule

Mumbai: The Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organization established by and for the Indian gold industry, has unveiled an exciting new campaign #PehlaCheckIAGES to elevate gold industry standards across the country. The IAGES framework of accreditation was formed with a vision to set the highest standards of integrity and excellence across the entire gold value

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De Beers & GJEPC Leaders Discuss Market Challenges

Mumbai: Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, met the GJEPC leadership at the Bharat Diamond Bourse in Mumbai on 28 November. Rowley was joined by Sean Lin, VP Sales, De Beers Group, and Sunil Dias, Diamond Consultant, De Beers. The De Beers officials were received by GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice

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Flanders Allows Foreign Diamond Workers in Antwerp

Antwerp: The Council of Ministers of the Flemish Government decided on the proposal of Minister of Work Zuhal Demir, that foreign workers may be employed for the shortage occupations of diamond polishers and diamond sorters. The decision is an important boost for the Antwerp diamond sector, which faces a structural shortage of these specialised profiles. They are scarcely available on

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18 Antwerp Diamond Co. Finance for Medicines in Botswana

Antwerp: Botswana’s Minister of Minerals and Energy, Joy Bogolo Kenewendo, is visiting the Antwerp diamond sector this week to thank 18 diamond companies that jointly financed life-saving medicines and medical supplies. The Antwerp diamond community mobilised after Botswana declared a medical state of emergency this summer due to a severe shortage of essential medicines. Thanks to the funds raised, more

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Stuller Joins IGDA

Morrisville: The International Grown Diamond Association (IGDA) has accepted leading US jewellery manufacturer Stuller as its member. IGDA – an industry-wide association – was launched in February 2016 and comprises of leading lab-grown diamond growers, distributors, suppliers, retailers and technical experts. IGDA seeks to represent the lab-grown diamond industry, promote lab-grown diamonds as a new choice and educate about various

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'JOVELLA' Int'l Jewelry Exhibition from 4th July

Tel Aviv: The 13th edition of JOVELLA, Israel’s international jewelry and diamond exhibition be held on July 4 – 5, 2016. This year the show will be returning to its original location at the David Intercontinental Hotel in Tel Aviv, after having been located at Tel Aviv’s Trade Fairs and Convention Center since 2007. JOVELLA, the leading event of the

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GJEPC-DPA Collaborate to Promote Diamonds

Las Vegas: The Gem & Jewellery Export Promotion Council (GJEPC) and the Diamond Producers Association (DPA) signed a Memorandum of Understanding to collaborate and boost diamond demand in the world, and to enhance the image of the diamond industry. The MoU was signed by Praveenshankar Pandya and Stephen Lussier, chairmen of the two organizations at an event held at the

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Rio Tinto Steps Up Focus on Diamond Origin

Perth: Rio Tinto has announced its intention to focus its global diamond sales and marketing initiatives on tracked jewelry collections with a clear and transparent chain of custody, from the mine to the market. Bruno Sané, general manager of marketing for Rio Tinto Diamonds said “We see a unique business opportunity for the industry to tap into the changing expectations

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