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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WGC Launches ‘It’s Aaj ka Gold’ Campaign

Mumbai: The World Gold Council (WGC) recently announced the launch of its first India-focussed gold ETF campaign, built around the powerful core message ‘It’s Aaj Ka Gold’ (means ‘Today’s gold). The campaign is aimed at modernizing gold investment for the nation’s digital-savvy young investors. The campaign aims to address the awareness–action gap and reinforce the accessibility, liquidity and strategic relevance

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GJSCI’s Initiative on Tribal Youth Empowerment

Mumbai: The Shrimad Rajchandra Skill Development Centre, set up in partnership with the Gem & Jewellery Skill Council of India (GJSCI) in September 2022, is helping tribal youth in Dharampur, Valsad, in southern Gujarat build sustainable careers in the gem and jewellery sector. The centre offers training in jewellery CAD design, a key skill in modern jewellery manufacturing. Supported by

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Zen Diamond Opens Store in Chandigarh

Chandigarh: Zen Diamond continues to expand its presence in India with the opening of its latest boutique at Nexus Elante Mall, Chandigarh. After establishing a strong foothold in Mumbai with stores in Bandra and Borivali, and further strengthening its presence in Bengaluru with two stores, Zen Diamond now brings its hallmark of exquisite craftsmanship and modern design to North India.

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Rio Tinto Concludes Its Final Beyond Rare Tender

Perth: Rio Tinto has brought its celebrated Beyond Rare Tender series to a close, presenting 52 lots of exceptional fancy colour diamonds sourced from its Australian and Canadian mines. Titled “Into The Light,” the event was the third and final edition in Rio Tinto’s annual Art Series. With the Argyle Diamond Mine having ceased operations in 2020 and the Diavik

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Second Tranche of SGB Opens on 24th May

New Delhi: The second tranche of the sovereign gold bond scheme 2021-22 opens for subscription on Monday (May 24, 2021). According to the Reserve Bank of India’s schedule set for the gold bond scheme 2021-22, the second tranche window will be open for investors between May 24 and May 28. In a statement on Friday, May 21, the Ministry of

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India-Morocco Look to Strengthen Ties in G-J Sector

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and Embassy of India, Morocco, jointly organised the India Global Connect on 20th May, 2021. The objective of the meet was to understand the current business scenario with regard to the gem and jewellery sector and have discussions among manufacturers, exporters and importers of both the countries, and initiate a dialogue, explore trade opportunities

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NDC Announces Partnership with Chow tai Fook

Mumbai: The Natural Diamond Council (NDC) yesterday announced an exclusive strategic partnership with Chow Tai Fook Jewellery Group (Chow Tai Fook), in the Greater China region, to advocate the “Natural Diamonds Dream” to Chinese consumers, especially the younger generation, through diverse communication channels and accessible digital content, along with professional training resources. The partnership aims to convey the value and beauty of

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Rio to Showcase Argyle Pink, Red and Blue Diamonds

Perth: Rio Tinto has unveiled a preview of its final showcase of rare Argyle pink, red and blue diamonds from its iconic mine in the remote east Kimberley region of Western Australia. Mining ceased at Argyle on 3 November, 2020 and the 2021 Argyle Pink Diamonds Tender is the final collection of the rarest diamonds from the final year of

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