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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…
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 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% …
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…
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 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
One Russian diamond giant is halting sales in a desperate scramble to stop prices from plunging
Alrosa told customers that it will pause sales of rough diamonds in September and October, accordin…
Jennifer Sor
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…
Credit quality outlook of India Inc positive in first half of FY25: Crisil Ratings
Crisil Ratings on Monday said the credit quality outlook for Indian corporates remains positive for…
PTI
Jewellery industry urges govt to reduce import duty on gold, polished diamonds
"We have been pursuing with the government constantly with few concerns which require immediate at…
PTI
A 'major loophole' is allowing Russian seafood and diamonds to bypass US sanctions, causing retailers to enforce their own bans
Instead of taking advantage of the loophole, major jewelry retailers like Tiffany and Signet have c…
Hannah Towey
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
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
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
Russian diamonds are back on the market with deals being done in Indian rupees instead of US dollars, report says
After being hit with US sanctions, Russian mining giant Alrosa is back selling more than $250 milli…
Brian Evans
The untold crisis to befall India’s artists, artisans and weavers
But just as many if not more artists and artisans are caught in the economic spiral with less…
Diamond polishing of Gujarat is a thrilling #MakeinIndia story. Here’s how the evolution of diamond industry happened
The Indian diamond industry’s midstream sector is also a key source of export earnings for the nati…
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…