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

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.

Read More »

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

Read More »

GJEPC Submits Pre-Budget Proposals to Govt.

New Delhi: India’s Gem & Jewellery Export Promotion Council (GJEPC) submitted a set of pre-budget proposals to the Government of India in New Delhi on 7th November, aimed at improving ease of doing business and boosting exports. The Council proposals were put forth by Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Anoop Mehta, Convener – Diamond Panel; Mr. K. Srinivasan, Convener

Read More »

WHP Jewellers Receives IAGES Accreditation

Mumbai: In India’s highly dynamic gold sector, consumers are increasingly seeking retailers who follow a strict Code of Conduct that offers transparency, trust, and sustainability across the entire gold value chain. To establish a stringent framework across the industry, the Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organisation (SRO) established by and for the Indian gold industry,

Read More »

WDM Makes Strong Impression at 37th WDC

WDMHong Kong: The presentations of the World Diamond Mark (WDM) given during the biennial 37th World Diamond Congress gave participating officials and delegates plenty to talk about in the meeting rooms and the corridors of the three-day event that was held in Dubai’s Almas Tower, the home of the Dubai Multi Commodities Centre (DMCC) and the Dubai Diamond Exchange. Here,

Read More »

Registration for CIBJO Congress 2016 Opens

Milan: Registration for the 2016 congress of CIBJO, the World Jewelry Confederation, is now open. Delegates and other participants may register for the congress and its social programme, as well as book hotel rooms, via a dedicated congress website located at: http://www.cibjo.org/congress2016/. The 2016 CIBJO Congress will take place in Yerevan, Armenia, October 26-28, 2016, with pre-congress meetings on October

Read More »

What Difference a Year Makes! DiaCam360 to Show

New York:  DiaCam360, the smallest, fully-automatic, portable, effective and affordable scanning device that within a few months after its launch in 2015 became the diamond market’s most popular device for creating high quality, 360-degree photos and interactive videos of polished diamonds, will be welcoming new customers to the upcoming Las Vegas JCK Show, at booth B43122. “What a difference a

Read More »

KP: Dispute over Conflict Diamond Continues

Dubai: In his opening comments to the KP Intersessional 2016, at Atlantis, Palm Jumeirah, Ahmad Bin Sulayem said the UAE had agreed to all conditions set by the World Diamond Council, acting as moderators between the CSC and the UAE, but that had not satisfied “self-appointed leader” of the CSC, Alan Martin, as per a report in gulfnews.com. Pointing out

Read More »

Latest Videos