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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CAR Set to Increase Diamond Exports

Dubai: The Kimberley Process (KP) declared three new ‘compliant zones’ in the Central African Republic, meaning diamond exports from those regions can resume after a suspension of more than two years. The KP’s monitoring team approved shipments from the sub-prefectures of Boda, Carnot and Nola in the west of the country on September 19, the KP announced. CAR was re-admitted

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Platinum Evara Introduces Light Weight Collection

Mumbai: Platinum EVARA introduces a new collection for the modern bride and groom. Modern brides are looking for jewellery which is wearable, with unique designs and has a deeper meaning. Taking a cue from this Platinum Evara has launched an exquisitely crafted, light weight range of wedding jewellery within Rs. 2,00,000. Platinum Evara has a deeply rooted meaning in Sanskrit

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Gemfields’ Profit Nearly Doubled to $23.5m

London: Gemfields’ net profit nearly doubled to $23.5m (£18.2m) in the year ended 30 June 2016, up from $12.3m in 2015. This came as the firm’s revenue rose 13 per cent to $193.1m during this period, up from $171.4m a year earlier. Production at Gemfields’ flagship Kagem emerald mine in Zambia held steady at 30m carats, while output its ruby

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BrilliAnt Now Open for Foreign Exhibitors Also

Antwerp: The Antwerp Diamond Bourse, The Antwerp Diamond Club, The Antwerp Diamond Kring and the Antwerp World Diamond Centre (AWDC) have announced that BrilliAnt®, the eighth edition of the Antwerp Diamond Trade Fair (ADTF January 29-31, 2017), is opening its doors to international exhibitors. The trading hall of the Kring, Antwerp’s rough diamond trading bourse, will host foreign exhibitors (not

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GJEPC Personally Presents VIP Invitations for IIJS Bharat Premiere 2026

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) continued its outreach for IIJS Bharat Premiere 2026 by personally presenting VIP invitations to leading jewellers in Mumbai and Kozhikode, reinforcing industry engagement ahead of the country’s largest B2B gem and jewellery exhibition. The invitations were presented by Mansukh Kothari, Convenor – Events, GJEPC; Nirav Bhansali, Co-Convenor, National Events Sub-Committee, GJEPC;

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Newly Elected WFDB President Mehul Shah Shares Vision for Industry

Mumbai: Mehul Shah, Vice President of Bharat Diamond Bourse (BDB) and newly elected President of World Federation of Diamond Bourses (WFDB) said that he and the WFDB committee led by him will focus on reaffirming the industry’s collective commitment to strengthening consumer confidence, and reinforcing the enduring value of natural diamonds. “We will focus on implementing the shared global vision

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Senco Gold Opens Store in Bhubaneshwar

Bhubaneshwar: Senco Gold & Diamonds marked the beginning of the festive season with the grand launch of its flagship Janpath store in Bhubaneswar, inaugurated by actor Ms. Rakul Preet Singh. The occasion brought together festive glamour, timeless craftsmanship and contemporary design, offering customers an early glimpse into the season’s most coveted jewellery trends, from statement natural diamond creations for weddings

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Ekati Diamond Mine to Close Following Unsuccessful Sale Process

Toronto: Canada’s Ekati diamond mine is set to cease operations after owner Burgundy Diamond Mines failed to secure a buyer for the asset during a court-supervised sale process. According to documents filed with the Supreme Court of British Columbia, the sale process did not attract any compliant bids, leaving the company without the funding needed to continue operations. Burgundy has

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