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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Leaders Discuss How to Market Diamonds

Ramat Gan: The first day of the International Diamond Week in Israel (IDWI) featured a panel discussion on how to market diamonds. The speakers included IDWI Guest of Honor, the British jewelry designer Stephen Webster; Jean Marc Lieberherr, the newly appointed CEO of the Diamond Producers Association; Alex Popov, Chairman of the World Diamond Mark Foundation; and Patricia Syvrud, Executive

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India May Introduce National Gold Policy Soon

New Delhi: The government of India may introduce the National Gold Policy to find a long-term solution to huge gold imports, instead of relying on ad hoc measures such as raising import duty on the yellow metal, reports Deccan Herald. Additionally, the government may also look at establishing a Gold Board for managing import-export, develop accredited refineries, drive gold monetization

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Israel Diamond Jewelry Association Launched

Ramat Gan: The International Diamond Week in Israel (IDWI) is focusing attention this time on diamond jewelry and its importance in winning the heart of the consumer. The Israel Diamond Jewelry Association (IDJ) was officially launched yesterday at a ceremony held amidst an exhibition showcasing diamond jewelry produced by companies within the Israel Diamond Exchange (IDE). The IDJ Statement of

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CVD Diamonds Sold with GIA Certificates

Mumbai: A Diamond Intelligence Briefs (DIB) investigation has revealed that a vendor on the leading online global wholesale platform, Alibaba, has offered CVD lab-grown diamonds with GIA certificates. The seller, International Trading Corporation (ITC) claimed to have an ability to supply 10,000 carats of CVD diamonds per week and that it has a “stock of more than 25,000 IGI and

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Celebrate Onam with Platinum Jewellery

Mumbai: Onam is a season defined by abundance — of joy, togetherness, and new beginnings. It is a time when choices reflect thoughtfulness, where compromise feels out of place. For jewellery that carries this spirit, platinum stands apart: a metal of unmatched rarity and preciousness, offering value beyond compare through its high purity standards, longevity, modern design language, and uniquely

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Gemfields Offers 11,685 Ct. ‘Buffalo’ Emerald for Auction

London: Gemfields has unveiled a colossal emerald weighing 11,685 carats, discovered at its 75%-owned Kagem mine in Zambia. Named Imboo, meaning buffalo in the local Bemba and Lamba dialects, the gemstone is the largest of several extraordinary emeralds unearthed at Kagem, already famed for record-breaking finds. The emerald will be sold at Gemfields’ auction running until Sept. 11. “Even under the beam

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Rashmika Mandanna Appointed India Brand Ambassador of Swarovski

Mumbai: Swarovski proudly announces actor Rashmika Mandanna as its new Brand Ambassador for India, marking a milestone for the Austrian luxury house as it strengthens its presence in one of its fastest-growing markets. India, a vibrant market with a deep affinity for jewelry and self-expression, continues to play a pivotal role in Swarovski’s global growth story. With her pan-India appeal,

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De Beers Report Highlights Progress in Key Areas

London: De Beers Group today published its 2024 sustainability report, highlighting significant progress across its key focus areas of climate, livelihoods, nature and provenance. These areas were identified as the priorities for De Beers Group’s sustainability work as part of a mid-term review of the Group’s Building Forever sustainability framework initiated last year. During the course of 2024, De Beers

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