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DIAMOND BUSINESS SLOWDOWN
Senco Gold targets 20–25% revenue growth in FY27 but cautions PAT margins will normalise to 4–4.5%Senco Gold's top executive signals a return to normal profit margins. FY26's high earnings were an exception. The company aims for 4-4.5% p...- Modi wants Indians to press pause on gold. But the $5.2 trillion obsession runs deepIndia’s attempt to protect the rupee is now colliding with one of the country’s strongest cultural habits — buying gold. After Prime Minist...
- PM Modi doesn't want you to buy gold for next 1 year. A bigger crash on the cards?Prime Minister Modi urged Indians to avoid buying gold for a year, a move seen as an attempt to protect foreign exchange reserves amidst gl...
- US tariffs set to cripple India's diamond industry, hurting jobs, exportsIndia's diamond polishing hub in Surat faces significant challenges as the U.S. imposes a 27% tariff on gem and jewellery exports, jeopardi...
- Surat diamond workers call for strike on March 30Surat diamond workers have threatened to strike on March 30 if the Gujarat government fails to address demands, including a 30% salary hike...
- Surat Diamond Bourse: World's largest office building echoes loss of shine in its empty hallsSurat Diamond Bourse, the world's largest office building, faces slow occupancy a year after opening. Despite selling all 4,200 offices, on...
- Diamond sector facing challenges during last three years due to reduced demand: Piyush GoyalIndia's diamond sector has struggled in the last three years due to lower demand and sanctions on Russian diamonds. Exports dropped to $18....
- Global glut takes shine off Indian lab-grown diamondsIndian lab-grown diamonds (LGDs) prices crashed by 45% in FY24 due to overproduction in global markets. Indian LGD exports dropped by 18.2%...
- Rs 5 lakh solitaire diamond available at a discount of Rs 1.5 lakh: Prices drop 35% to 2004 levelsThe prices of polished diamonds have significantly dropped, creating favorable circumstances for buyers in India and abroad. This price cor...
- Gems, jewellery exports likely to remain flat in FY18: GJEPCThe weak demand in overseas market and the implementation of GST will affect the exports in gems and jewellery, a top industry association ...
- E-tailers see gold, diamonds boosting sales on Akshaya Tritiya"Compared to last year, we see over six times growth in sales in our Akshaya Tritiya offerings. In terms of traffic, we have grown over 100...
- Recession gives Surat diamond industry a hard timeThe diamond industry of Surat, one of the major sources of foreign revenue and livelihood for millions, has hit a rough patch.
- Diamond exporters eye Japan, China; US market slowIndian diamond exporters are relying more on the Asia Pacific market than on the US, the world's biggest importer; demand from China has go...
- Rosy Blue & Rapaport to invest in SuratSlowdown blues have not stopped investments in Surat, the diamond destination for the world.
- Diamonds will see turnaround by mid 2009ET caught up with Mehul Choksi, CMD Gitanjali group and chairman of FICCI’s gems and jewellery committee on the eve of ‘Sparkle’ — the firs...
- Trousseau centre in the makingAs Surat, the largest supplier of polished diamonds to the world, looks inwards for sustenance and growth, it plans to leverage the stronge...
- Diamond cutting and polishing units to work five days a weekVarious associations of diamantries across Gujarat have decided to work five days a week till January 2009 due to global slowdown.
- Belgium's most potent weapon in trade armouryDiamonds are a girl’s best friend, and they are also Belgium’s most potent weapon in the trade armoury.
- Gems & jewellery exports poised to grow 15-20%India's gems and jewellery exports are expected to grow by 15-20% in the current financial year, according to the Gem and Jewellery Export ...
- Diamond traders' defaults may touch Rs 100 cr this DiwaliThe sudden spurt in the default cases by traders and merchants in the last 2 months is likely to upset the festive spirits of the industry....
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