Mumbai: The overall gem and jewellery exports witnessed a 23.28 per cent year-on-year decline in July to USD 1,665.4 million on account of dampening of consumer demand following global unrest, Gem and Jewellery Export Promotion Council (GJEPC) has said. According to data released by GJEPC — the apex body for the gems and jewellery industry…
Representative Image Mumbai | Kolkata: A quaint and simple Japanese engagement ceremony was dramatically transformed in the late 60s when DeBeers, the dominant cartel of the day, sold the idea of a diamond ring to young Japanese riding the post-war prosperity. A campaign waged by a group that was criticised amid the anti-apartheid wave, altered…
Malabar gold and diamonds New Delhi: Malabar Gold & Diamonds, the world’s sixth-largest jewellery retailer, opened its second UK showroom in Leicester on Thursday, marking a significant step in its expansion plans for the region. The 2,000-square-foot store, located on Belgrave Road’s Golden Mile, was inaugurated by Leicester City Mayor Peter Soulsby. It showcases over…
If it’s Belgium, why not India? New Delhi, along with the Indian diamond lobby, have sent across the message to the G7 club as the countdown begins to a sterner sanctions regime on Russian stones, beginning September 1. At a meeting in Brussels last month, the Indian trade body, senior government officials and Indian customs…
Representative Image New Delhi: India on Tuesday imposed restrictions on the import of certain gold jewellery and articles except those coming under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). In a notification, the Directorate General of Foreign Trade (DGFT) brought gold jewellery studded with pearls, diamonds and precious & semi-precious stones in the ‘restricted’ category…
The export of plain gold jewellery continues to soar, marking a significant 27.45% increase, reaching USD 342.27 million in April 2024, compared to USD 268.56 million in the same month the previous year. The overall exports of gems and jewellery declined 11.37% to USD 2074.85 million in April 2024, as compared to the same period…
The Lab-grown Diamonds (LGDs) exports are expected to witness a revival in FY25, with exports expected to grow by 7-9% to reach a value of~US$1500-1530 million, according to CareEdge Advisory. LGD exports have been declining in recent time, and have seen around 16.5% decline y-o-y for FY24. While the sales volume of LGDs have been…
Limelight Lab Grown Diamonds has received a strategic investment of US$1 million from two leading retail jewellery chains. The newly raised capital comes in the form of a strategic alliance that will enable Limelight to open new stores and boost its brand presence in the country. Before this, the company had secured an investment from…
The recent Ambani pre-wedding celebrations in Jamnagar have made headlines in more ways than one. The array of premium handcrafted jewellery worn by the guests has stoked enormous interest, especially on social media, prompting top jewellers to focus on such ornaments studded with emeralds, sapphires, rubies and diamonds. “We have just launched a new line…
Representative image The cut and polished diamond (CPD) exports from India are expected to hit a five-year low in FY24 with a dip of around 25-30% to $15- $16 billion compared, according to CareEdge Ratings, a knowledge-based analytical group, whose parent company is Care Ratings. CareEdge Ratings expects the demand in the near term to…
