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DIAMOND MARKET CRISIS
No Santa for exporters this Christmas: Iran war disrupts supply chains, stretches transit times to 60 days, threatens marginsIndian exporters say longer shipping routes, rising input costs, and delayed payment cycles are squeezing margins and putting pressure on d...- 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...
- Hantavirus scare a wake-up call: Why India must build its disease X defencesA recent hantavirus outbreak on a cruise ship echoes past pandemic scares. Experts warn Disease X, a future unknown pathogen, is a near cer...
- Gold vs silver: Where to put Rs 1 lakh today? Experts suggest allocation strategy as gold-silver ratio drops below 55An ideal allocation between gold and silver should depend on an individual’s risk appetite, financial goals and investment goals, Guha unde...
- India rolls out new gold math with import duty hike. Who will foot the bill?India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange re...
- What should you do with your gold investments after PM Modi urges people to postpone gold purchases?Prime Minister Modi urged citizens to postpone gold purchases to curb India's import bill amidst West Asia tensions. While the intention is...
- Gold import duty hike to hurt jewellery trade, spur grey market: GJCGold import duty hike: The Indian gems and jewellery sector anticipates difficulties following a significant increase in gold import duty t...
- Indian billionaire boss says he has never worn a diamond watch, introduces employee who owns one. Who is Yusuff Ali?A video of Indian business magnate Yusuff Ali playfully highlighting his employees' diamond watches, while he wears a simpler one, has gone...
- De Beers secretly sells discounted diamonds to selected tradersDe Beers is facing industry challenges. The company is selling rough diamonds at lower prices to select buyers. This move aims to reduce in...
- Tanishq in pact with De Beers to promote natural diamondsIndia has surpassed China and is now the second-largest global market for natural diamond jewellery after the US. De Beers and Tanishq anno...
- India overtakes China in natural diamond consumption as De Beers partners with TanishqIndia is now the second largest market for natural diamond jewellery after the US, surpassing China. De Beers has partnered with Tanishq to...
- No hackney diamonds, value up the glimmerStuck in the middle of the value chain, the Indian industry has to fight fires at both ends - depressed prices on oversupply and weak deman...
- IDTC turns to small diamond mines in Central, South AfricaThese small mines sell their diamonds through recognised diamond auction trading houses like Bonas-Couzyn and I Hennig in Antwerp and Dubai.
- 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...
- De Beers Forevermark eyes 20% contribution from Indian diamond businessForevermark is now present in 15 Indian cities and will account for 20 per cent of the global sales soon, a top official said.
- Diamond makers ask DTC to widen supply chainBut De Beers' distribution arm remains cautious as global consumer demand for luxury goods yet to recover.
- Diamond companies woo professionals with trendy, copycat stonesA copycat of diamond may not be forever, but may at least bring some temporary relief to those in the diamond industry bitten by a slump in...
- 'India, China still have good demand for diamonds'Diamond industry has hope even though the slowdown world over is clobbering businesse. While the effects can be seen temporarily through lo...
- Antwerp drops diamond conference on credit crunchAntwerp, the center of the world's diamond trade, is dropping its diamond conference this year due to the financial crisis, the organizers ...
- Rough road for Surat diamond industryUntil recently, the Surat diamond industry was faced with a problem of increasing rough diamond prices and shrinking workforce.
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