Mining giant Rio Tinto reported a 22% decrease in diamond production at its Diavik mine in Canada for Q1 2024, totaling 740,000 carats. This decline was attributed to a production pause to honor lost colleagues and lower ore mined from depleted ore bodies.
In Q1 2024, LVMH Jewellery & Watch sales dipped by 5% to €2.589 billion compared to the previous year. Tiffany & Co. introduced a new store concept globally, while Bulgari emphasized its iconic collections and launched Fondazione Bulgari to preserve cultural heritage. Chaumet
GIA (Gemological Institute of America), the world’s foremost authority in gemology, is now offering printed AGS Ideal® Reports. This report complements a GIA diamond grading report to capture a diamond’s beauty holistically. The AGS Ideal Report measures light performance, including brightness, fire, and
Limelight Diamonds, India’s leading CVD diamond jewellery brand, celebrates the inauguration of its second Kolkata store in just 15 months. Situated in the vibrant Kankurgachi area, this 500 sq. ft. store marks a significant expansion in Limelight’s nationwide presence. With over 10 stores
Introduction: Gold has long been regarded as a symbol of wealth and stability, with nations stockpiling this precious metal as a safeguard against economic uncertainties. As we delve into the year 2024, let’s explore the top 10 countries boasting the largest gold reserves,
IIJS Tritiya 2024, held at BIEC Bengaluru, showcased evolving jewellery trends blending modernity and tradition. With over 900 exhibitors and 1,900 stalls, the event provided a vast marketplace for industry players. GJEPC Chairman Vipul Shah highlights Karnataka’s potential in gem & jewellery exports,
Lab-grown diamond retailers voice concerns over profitability amidst plummeting prices. Catherine Angiel of a New York fine jewellery business highlights the surge in demand but warns of struggles for smaller retailers. Lauren Petrovic of Laurenti New York notes declining dollar margins, emphasizing the
HRD Antwerp inaugurated a new laboratory in New Delhi to enhance transparency and authenticity in India’s diamond and jewellery market. Ramakant Mitkar, Managing Director of HRD Antwerp India, emphasized the laboratory’s role in empowering consumers and retail brands in North India. Mitkar highlighted
Ari Epstein, CEO of Antwerp World Diamond Centre (AWDC), announced his resignation after 13 years of leadership. The reasons for his departure and the timeline for appointing a successor are undisclosed. AWDC President Isidore Mörsel praised Epstein’s visionary leadership, attributing unparalleled growth and
The apex body of the gem and jewellery industry in India, GJEPC hosted the 3rd edition of International Gem & Jewellery Show (IGJS) in Jaipur. The event, powered by Gemfields, is being held from 12th to 14th April at Novotel Jaipur Convention Centre, Jaipur. IGJS Jaipur
