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LAXMI DIAMOND
Fading sparkle? Lab-Grown diamonds dive from $300 to $78 a caratThe lab-grown diamond market has seen a significant price drop from $300 per carat in July 2022 to $78 per carat recently, with natural dia...
Up to 20% OFF on Gold Coin Pendants for precious gifting momentsDuring the Amazon Sale 2024, you can enjoy up to 20% off on gifting gold coins. This is a fantastic opportunity to purchase beautiful and m...
Russia-Ukraine war takes the sheen off Gujarat's diamond industryRussian raw diamonds, usually small, make up 40% of diamond trade volume and about 30% in value, reported The Times of India. This forms pa...
PNB scam: Rough diamond prices refuse to move upCash flow to the domestic gems and jewellery sector has come under stress after a Rs 13,700-crore fraud at PNB, allegedly masterminded by d...
Vasant Gajera brother of Congress leader Dhiru Gajera, heldGajera was summoned to Umra police station and was arrested after questionning, an official said.
Indian diamonds are back in demand in China, USPrices of polished stones have risen 4% in the past fortnight; Surat traders happy.
Diamond stockpiles add weight to Indian unitsExports of cut and polished diamonds declined 4.4 per cent to Rs 10,614 crore, against Rs 11,098 crore.
What DeMo? Jewellers buy more gold than beforeLatest B2B jewellers' exhibition shows that buyers appear unaffected by demonetisation, Rs 3-lakh cap on cash purchases.
Prices of polished diamond rise 4-5% amid shortage“It is good for the manufacturing industry," but rising prices can affect the retail demand for diamond in India,” MD of Asian Star Company...
Diamond miners like De Beers, Rio Tinto lower rough diamond prices by 5-7%De Beers, Rio Tinto and ALROSA have lowered rough prices by 5-7% beginning this month, making the sparkling stone attractive for buyers.
It is worse than 2008 for worried gem exportersWith demand from China and Middle East drying up, the exporters find the present scenario tougher than 2008 when the US went into recession.
Kalyan group owner is the wealthiest jeweller in IndiaHe opened his first jewellery shop in Thrissur in 1993 with only $100,000, and his business has now expanded to 32 showrooms across South I...
Diamond trade back on track during the past two monthsThe import bill for rough diamonds have gone up to Rs 56,471.46 crore during April September from Rs 50,074.21 crore a year earlier.
Surat may turn into diamond trade centre as Narendra Modi's ascent takes shapeAccording to the plan, over the next few weeks, a new entity, Surat Diamond Bourse, would be registered – positioning it against Bharat Dia...
Diamond jewellery demand down 20% in Diwali; Lacks sparkle in upcoming wedding season tooThere has been a 20% drop in demand for diamond jewellery this Diwali and for the upcoming wedding season.
Inspite of drop in rough diamond price, demand for jewellery sluggish this yearA drop in rough diamond prices by nearly 5 per cent has not brought smiles back to the Indian diamond trade as customers are holding back t...
Meet India's six diamond kings: Nirav Modi, Mavji Bhai Patel, Mehul Choksi, Dharmesh Shah, Ashok Gajera & Russell MehtaIndia’s diamond kings–the biggest players in the Rs 70,000 crore diamond industry–are relatively as obscure as their products are glitterin...
- Government may lift 2% custom duty on gemstones
The government is not in favor of continuing 2% custom duty on gemstones industry and may think of lifting it soon, said Commerce and Indus...
- Diamond cos hope to cash in on V-Day fever, eye 25% jump in sales
The Rs 30,000-crore Indian diamond industry is expecting a 25% jump in sales as the precious stone catches up with the young generation.
- Long vacations spark retrenchment fear in diamond industry
The Surat Diamond industry has once again extended its Diwali vacation, fuelling speculations of retrenchment of workers, as global recessi...