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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…
Gem, jewellery exports drop 21.9% to $1.67 billion in July
"The exports are mainly affected due to decline in demand following geopolitical disturbance in…
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. …
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 demand heads for a hard landing with ‘temporary disruption’ at play
Diamonds are forever, they say, but the love for bling is waning in different ways. Not only is dem…
Diamond markets are tumbling because Americans love lab-grown stones
Demand for diamonds has plunged since the pandemic, but a key corner of the market is seeing partic…
Phil Rosen
India's gems & jewellery exports likely to slip 10-15% pc in FY23: GJEPC
India's gems and jewellery exports are likely to decline by 10 to 15 % in the current financial yea…
PTI
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…
Brides buy half of all gold jewellery sold in India says World Gold Council report
The World Gold Council reports that jewellery for brides is mostly made of 22-carat gold, and domin…
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…
'Coronavirus to shrink India's diamond exports to USD 19 bn for 2020-21'
"Exports would continue to fall in the closing quarter of this fiscal, which typically accounts fo…
PTI
The US will ban Russian seafood, diamonds, and vodka to punish Putin, Biden says
Biden announced the US was also suspending normal trade relations with Russia, putting it alongside…
Joseph Zeballos-Roig
Gems, jewellery exports can now be couriered globally
Gems and jewellery exporters have been permitted to send their goods across the globe to their buye…
Coronavirus has brought the rapidly growing synthetic diamond market to a halt because of a supply-chain disruption
90% of mined diamonds and 99% of lab-grown diamonds are cut and processed in India, which had one o…
Shalini Nagarajan
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…
Cabinet likely to consider Nirvik scheme on Wednesday to give fillip to export credit
New Delhi, Jan 21 () The Union Cabinet is expected to consider on Wednesday approval of the Nirvik …
PTI
Gems, jewellery exports stare at steep fall in Q1 next fiscal: Report
There could be heavy loss for domestic jewellery retailers as well, who were already distressed wit…