Despite recovery signs, gem & jewellery exports may dip 2-5%
There will be some recovery in demand in fourth quarter.
BlackRock to exit black diamond
“With the acceleration of the global energy transition, we do not believe that the long-term economic or inve...
GJEPC seeks reduction in import duty in Budget
The council has urged to reduce the import duty on gold, silver and platinum from 12.5 per cen...
Trade deal hopes may aid diamond exports
Cut and polished diamond exports in December 2019 declined by 3.92 per cent to Rs. 8926.58 crore.
Gujarat: Surat businessman makes PM Modi's portrait in diamond
To show his love for Prime Minister Narendra Modi, a businessman shaped the map of India out of a real diamond, with Prime Minister Narendra...
NMDC lined up to mine multibillion-dollar diamond deposit
The central state of Madhya Pradesh has asked NMDC to explore the Bunder deposits, which could contain millions of carats of diamonds, Neeraj Mandloi, principal secretary at the state's Mineral Resource Department. The state government last month awarded a smaller portion of the deposit to Essel Mining & Industries.
Divine Solitaires enters into e-commerce space
A growing interest and the preference of millennials and the GenZ to shop luxury and lifestyle goods online has resulted in an upward moving market trend in India.
BDB to tighten custodian process at bourse
The revamping exercise is being done after one of two parcels belonging to an exporter was recently found to contain an electronic item along with the cut and polished diamonds. This was detected after the parcels were scanned at the airport before being loaded on to a Cathay Pacific flight.
Share market update: Suzlon Energy, JIK among top losers on BSE
In the Nifty pack, 33 stocks were in the green, while 16 stocks were in the red.
YES Bank: The ‘diamond’ that faded in 2019 still has investors rooting for it
It was Nifty50’s worst performer of 2019, eroding 73 per cent of investor wealth.
Russian miner helps diamond trade
In 2019, diamond jewellery retail sales in US are expected to fall 2 percent.
Gems & jewellery eyes new markets
Exports of gems and jewellery fell 4.66 per cent year-on-year in April-November 2019 and the trend is likely to persist in the rest of the current fiscal.
Diamond industry’s torrid year set to continue
The diamond midstream, the industry’s link between African mines and jewelry stores in New York, London and Hong Kong, is being squeezed like rarely before.
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.
Nirav Modi's diamond swindle is hurting India’s economy in grip of slowdown
India’s gems industry employs almost 5 million workers and contributes about 7% of the GDP.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service