Diamond industry preps for a rough, rocky 2020
There has been little good news this year.
Diamantaires weigh shifting manufacturing units abroad as high import duties hit hard
Colin Shah, vice-chairman of Gem & Jewellery Export Promotion Council, told, “The high import duty of 7.5% on both cut and polished diamonds and gemstones has become a major challenge to exporters. Import duty on both items has been hiked from 2.5% to 5% and then to 7.5% in a short span of eight months. This is compelling Indian exporters to look at other places to set up manufacturing base.”
The grand heist: Thieves steal 'priceless' 18th century jewels from Dresden museum
German officials said the jewels would be impossible to sell in the open market.
A 20-carat blue diamond, that fetched $15 mn, may prove saviour for debt-ridden owner
Blue gem-quality stones are among the most valuable in the world.
Diamond mines-to-brand firm KGK opens factory in Angola
The new KGK factory, in partnership with SODIAM, the Angolan state owned company for the trading of diamonds in Angola, incorporates the latest and highly developed technologies. The advancement is yet another manifestation of the natural progression of KGK’s global manufacturing operations.
How a tough Indian market is making De Beers change its policy
De Beers, once-inflexible diamond company, allows traders to return rough stones, cuts prices.
Escalating Hong Kong protests likely to dent India’s diamond exports further
As per reports, protests paralysed Hong Kong on Wednesday, with police making arrests in a busy business district.
Alternative investment returns monitor: For the week ending November 13, 2019
Here are the alternative investment options with their returns, for the week ending November 13, 2019. The proportion and purpose of these is vastly different.
Lab Diamonds make retail inroads but trade rebels
Diamond industry in India and across the world takes the revolutionary road as it sets the trend of lab-grown diamonds which is hard to distinguish from the pure ones. However, the retail viability of diamonds made in a lab are on a lookout.
Young, rich Indians have started a gem of a trend as demand for rubies, sapphires grow
Demand for precious stones in jewellery is growing with urban buyers willing to pay top price for them.
Alternative investment returns monitor: For the week ending November 6, 2019
Here are the alternative investment options with their returns, for the week ending November 6, 2019. The proportion and purpose of these is vastly different.
Lab-grown diamonds can revive India's struggling diamond industry
Around 10 per cent of the diamond factories in Surat are nowadays cutting created diamonds at a time when the earth-mine industry is suffering, Amish R Shah, President of the ALTR Created Diamonds, said.
Nirav Modi's fresh bail plea rejected by UK court in PNB fraud case
In a setback to Nirav Modi, a UK court yet again rejected a bail plea of the fugitive diamond merchant on Wednesday despite an offer of an "...
Manthan Software to acquire US-based RichRelevance
The Bengaluru-headquartered company which specialises in software applications for the retail industry and counts United Supermarkets, Pizza Hut, Helzberg Diamonds, Love’s, Alshaya, and Future Group as its clients.
Alternative investment returns monitor: For the week ending October 30, 2019
Here are the alternative investment options with their returns, for the week ending October 30, 2019. The proportion and purpose of these is vastly different.
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