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

Read More »

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

Read More »

Top News

33rd Edition of IIJS Inaugurated

Mumbai: The 33rd edition of India International Jewellery Show (IIJS), organized by the Gem and Jewellery Export Promotion Council (GJEPC) was inaugurated at Mumbai on Thursday. Mr. Bruce Cleaver, CEO of De Beers Group who was the chief guest at the five-day show’s inaugural function said, “India is of central importance to De Beers’ future and is at the very

Read More »

Gemfields’ Emerald Production Up for Q4 FY 2016

Gemfields plc has released its operational update for the three month period ending 30 June 2016  (Q4 FY 2016), reporting the results for both its 75% Kagem Mining Limited (in Zambia) as well as its 75% owned Montepuez Ruby Mining Limitada (in Mozambique).   Kagem’s production of emerald and beryl for the period stood at 7.2 million carats, compared to 8.1

Read More »

De Beers July Sales Total $520M

Gaborone: De Beers sold $520 million of rough diamonds at its latest sales cycle as the miner reported “positive” sightholder sentiment but maintained a cautious outlook for the rest of the year. The revenue figure for the diamond miner’s sixth sales cycle of 2016 compares with $308 million estimated by Rapaport News for the equivalent period a year ago. However,

Read More »

Rio’s Australian Diamonds Prog. Launched in China

Beijing: Rio Tinto has launched its Australian Diamonds™ programme in China, to lend further market support to its Argyle diamonds and in response to the growing consumer and trade interest in diamond provenance. “Increasingly the value of a diamond is tied to where and how the diamond was mined, how it was cut and polished and the process of bringing

Read More »

GSI Detects Undisclosed LGDs in Diamond Jewellery

New York: Gemological Science International (GSI) has identified undisclosed lab-grown diamonds (LGDs) in jewellery set with natural brown diamonds. The discovery comes at a critical time, as the global jewelry trade increasingly promotes off-color natural diamonds, such as brown and champagne hues, as unique, fashionable, and affordable alternatives to traditional colorless stones. Using advanced instrumentation, including Fourier Transform Infrared Spectroscopy

Read More »

NDC & DJG Unite to Strengthen Natural Diamond Narrative in UAE

Dubai: Natural Diamond Council (NDC), a global not-for-profit organization representing the natural diamond industry and its entire value chain, is proud to announce a strategic collaboration with Dubai Jewellery Group (DJG). The partnership will be marked by an exclusive B2B event in Dubai, dedicated to reinforcing the integrity, transparency, and long-term growth of the natural diamond sector. Taking place on

Read More »

Gold Breaks Records as Investors Seek Shelter from Market

Mumbai: The World Gold Council’s (WGC) Q3 2025 Gold Demand Trends report reveals that quarterly gold demand (including OTC) reached 1,313t, or US $146bn in value terms and was the highest quarter for demand on record. Growth was driven primarily by investment demand which accelerated in Q3 reaching 537t (+47% y/y) and accounted for 55% of overall net gold demand. This momentum

Read More »

Jennifer Lopez Named Ambassador for Zen Diamond

Mumbai: Jennifer Lopez is named as the new brand ambassador for Zen Diamond. As the company continues its international expansion across 22 countries, this collaboration marks a significant step in its journey toward becoming a globally recognized brand. At the beginning of August 2025, while performing across Europe and Asia on her “Jennifer Lopez Up All Night” tour, Jennifer Lopez

Read More »

Latest Videos