The gem and jewellery trade experienced significant changes in both exports and imports amidst market fluctuations. According to GJEPC, exports decreased by 14.94% in April 2023 to March 2024, amounting to USD 32,022.08 million. Specifically, March 2024 saw a decrease of 11.85%, reaching
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
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,
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
A complaint was filed by the Natural Diamond Council (NDC) with ASA about the ad, which debuted in February 2023 and featured text including, “Say hello to the world’s first and only diamond made entirely from the sky” and “We make diamonds using
We are seeing an overwhelming response from our esteemed customers on this auspicious occasion of Gudi Padwa. We have witnessed enthusiasm, energy, and crowd in our stores right from morning. Overall, the sentiment is upbeat, it’s beating expectations. There’s a good demand for
In a recent development, India’s External Affairs Minister, Subrahmanyam Jaishankar, has raised concerns over the impact of G7 sanctions targeting Russian diamonds. The move, Jaishankar asserts, is poised to pose significant challenges for India’s economic landscape. Disproportionate Impact on India India’s External Affairs
The All India Gem and Jewellery Domestic Council (GJC) concluded its flagship event, the India Gems and Jewellery Show (GJS April Show), on Friday. Organizers, exhibitors, and participants expressed satisfaction over the encouraging response received from both domestic and foreign buyers at this
Limelight Lab Grown Diamonds Ltd., the pioneering force behind India’s CVD diamond jewellery revolution, announces a landmark deal with a strategic investment of US$1 million from industry players taking the valuation of the Company to INR 340 Crore. The newly raised capital comes
