Representative image External Affairs Minister S. Jaishankar has assured the gem and jewellery exporters to provide support to increase exports from the country at a time when the American market is shrinking, the global demand is fluctuating and the competition is intensifying. The minister met the members of the Gem &Jewellery Export Promotion Council (GJEPC)at…
Representative image A steep, narrow, barely lit staircase leads to Vinubhai Parmar’s rooftop room in Surat. Inside, folding beds and scattered kitchenware hint at a life in distress. His teenage sons, Shivam and Dhruv, sit cross-legged on the floor, doing their homework. At 18, Shivam has come to terms with the upheaval at home after…
Representative image Mumbai: The diamond industry is in facing major headwinds, going by a CRISIL report. Diamantaires are bracing for a decadal-low in revenues as demand slumps. Flattish margins, declining working capital requirements, and controlled debt are expected to aid credit profiles. India’s natural diamond polishing industry is set to see revenues plummet 25-27% on-year…
Representative Image The 155-year-old Bangalore-based legacy jeweller C. Krishniah Chetty (CKC) is looking to enter the lab-grown diamond and high-end silver jewellery businesses in a big way. To begin with, crash.club by CKC has sold the largest lab-grown diamond ever recorded in India—a 20.06-carat emerald-cut diamond. This sale marks a significant leap forward in the…
Surat: As the global diamond mining and marketing leader De Beers is up for ‘divestment and demerger’ by its largest stakeholder and a multinational mining conglomerate, Anglo American, diamond cutting and polishing industry is closely monitoring the development. Industry experts and insiders are in wait and watch mode before assessing the impact of the development….
