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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FCRF Unveils Fancy Color Diamond Rarity Evaluator

New York: Following five years of data collection, analysis and platform development, the Fancy Color Research Foundation (FCRF) is launching the first ever industry Fancy Color Rarity Evaluator (FCRE™). The FCRE™ provides proprietary rarity estimates to all yellow, pink and blue fancy color diamonds based on the diamond’s carat weight, color, color intensity, clarity and shape. The FCRE™ will provide

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Millennials Spent $25 Billion on Diamond Jewellery

Gaborone: Millennials spent more than US$25 billion on diamond jewellery in 2015 in the four largest consumer markets, acquiring more than any other generation, according to The Diamond Insight Report 2016, published on Thursday by The De Beers Group of Companies. Despite Millennials (those aged 15-34 in 2015) facing more financial challenges than their parents’ generation, they already account for

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JNA Awards 2016 Salutes Pioneers and Innovators

Hong Kong: The fifth annual JNA Awards was a resounding success. Twenty-eight shortlisted companies were recognized and recipients of eleven award categories were announced at the InterContinental Hong Kong on 14 September. To add to the excitement that evening, internationally acclaimed tenor, Warren Mok, gave an outstanding performance to the audience. Organized by JNA (Jewellery News Asia), the awards event

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HRD's New Innovative Diamond Grading Reports

Hong Kong: HRD Antwerp, Europe’s leading authority in diamond certification, has launched its newly restyled Diamond Grading Reports and Diamond Jewellery Reports during the Hong Kong Jewellery and Gem Fair which runs from September 13rd – 17th 2016. Important improvements were made to the visual representation of HRD Antwerp Diamond Grading Reports and Jewellery Reports in order to provide them

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How Many Years will the Diamonds Reserves Last?

Mumbai: Global economically viable diamond reserves are estimated at about 1.8 billion carats. At the current annual production level of roughly 90 million carats, these reserves are expected to sustain the market for around 20 years. The estimate was shared by Sergey Takhiev, Head of Corporate Finance and Investor Relations at Alrosa. More than half of the world’s diamond reserves

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Oman Abolishes Import Duty on Indian Jewellery

Mumbai: The India–Oman Comprehensive Economic Partnership Agreement (CEPA), which abolishes customs duty on imports of gems and jewellery in Oman from India, is expected to significantly boost India’s exports to Oman and strengthen direct trade linkages between the two countries, according to the Gem & Jewellery Export Promotion Council (GJEPC). India’s gem and jewellery exports to Oman currently stand at

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BDB Honoured with Excellence in Surveillance Award

Mumbai: Bharat Diamond Bourse (BDB), the world’s largest diamond trading hub, has been awarded the Excellence in Surveillance Award at the prestigious IFSEC India Awards 2025, in recognition of its outstanding leadership in security management and advanced surveillance practices. The IFSEC India Awards are among the most respected recognitions in the security and safety industry, celebrating organizations that demonstrate innovation,

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Comprehensive Discussion on Govt. G&J Policy

Mumbai: Bharat Diamond Bourse (BDB), in association with the Gem & Jewellery Export Promotion Council (GJEPC), organized an exclusive awareness and outreach session on the Maharashtra Gems & Jewellery (G&J) Policy 2025. The event featured an engaging and insightful interaction with Mr. Deependra Singh Kushwah (IAS), Development Commissioner (Industries), Government of Maharashtra whose forward-looking perspective offered industry stakeholders a comprehensive

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