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India's diamond sector faces major crisis amid plummeting imports, exports, and massive job losses
According to the think tank data, a 24.5% drop in rough diamond imports from USD 18.5 billion in 20…
Gold imports dip 4.23% to $12.64 billion in Apr-July 2024
In April, the imports jumped to $ 3.11 billion from one billion in April 2023. According to a jewel…
PTI
Gold, silver import from UAE surged 210% in 2023-24; Need duty revision in FTA: GTRI
India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 21…
PTI
China's population decline is having a big impact as marriages, diamond sales, and retail spending drop
Just 3.4 million couples in China got married in the first half of 2024, a 50% decline from what wa…
Jennifer Sor
Diamond polishing industry caught between lab grown rocks and economic slowdown
Diamond polishing industry is headed for turbulent times as revenues are expected to drop 30-35% …
Diamond sales are back after miners froze the market to boost collapsing prices
Still, the industry isn't back on its feet as sales have been directed to a few buyers, and some of…
Aruni Soni
RBI firmly focused to bring down inflation to 4%: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Tuesday said the central bank is firmly focused on bringin…
PTI
Indian diamantaires want to make lab-grown diamonds a woman’s best friend
India has always been a diamond polishing hub thanks to a vibrant small-scale industry driving it. …
Diamantaires stand to lose a fifth of their revenues as roughs get dearer
The war in Ukraine has impacted the sourcing of rough diamonds across the world. While most of this…
Diamonds will now be cheaper, imitation jewellery and umbrellas costlier – here are the highlights on how Budget 2022 will impact imports
Diamonds will now be cheaper to purchase in India, while imitation jewellery and umbrellas are amo…
Govt announces hike in basic customs duty on silver to 10% to check imports
The government on Wednesday announced increasing the basic customs duty on silver, both in dore and…
PTI
IIT Madras to get ₹242 crore for R&D on lab grown diamonds
The research will be focused on driving indigenisation of the LGD manufacturing process. Pres…
Will the historic India-EFTA trade pact make Swiss and other European products cheaper for Indians?
Swiss chocolates, Swiss watches and Mediterranean fruits have long captivated Indian consumers. The…
US sanctions against Russian mining giant Alrosa did little to dent the $79 billion global diamond industry now Biden is banning all diamond imports from the country
The Biden administration banned imports of Russian diamonds in a series of new sanctions, but many …
Hannah Towey
An 8-year-old girl meant to inherit a $61 million diamond business in India has renounced her fortune to become a nun
Devanshi Sanghvi, 8, renounced worldly possessions and pleasures on Wednesday to become a nun under…
Matthew Loh
Not just jewellery, lab grown diamonds used in satellites, computer chips too
The global market for lab grown diamonds (LGD) that the Indian government has decided to focus on i…
Jewellery brands deck up in hope of bumper festive sales ahead
The ongoing festive season, which comes after two years of COVID, has made gold, diamonds and plati…
World’s largest diamond industry faces unemployment issue post import duty hike in India
The unemployment challenge comes in with a weak demand for diamonds in the global market due t…
Tiffany & Co. bans new diamonds that were mined from Russia
The ban does not appear to impact current inventory, as well as diamonds that had already begun the…
Grace Kay
Americans' appetite for fish is helping fund the invasion of Ukraine — despite an import ban on Russian seafood
Due to food processing in China and loose country of origin labeling laws, Russian fish is still be…