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JAIN DIAMOND TRADE
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...
How Palanpuri Jains captured global diamond tradeThe Jain community is known for its excellence in business and trade not only in India but in many other countries too, most popularly in B...
De Beers positive on India; expects business similar to last year"The year 2021, the calendar year, was the best year for diamond business. In 2021, we have not only recovered but have accelerated as the ...
De Beers India sees rising Covid cases hitting Akshaya Tritiya sales, pins hopes on vaccinationThe situation in the diamond market has not yet improved. According to the annual report on the global diamond industry, the current crisis...
Diamond hub Surat likely to buzz with activity after Diwali as migrant workers set to return“Demand has revived and the trade is getting good orders from the US, China, Gulf countries and some parts of Europe. There is good demand ...
India's diamond trade has one less problem to solve amid pandemicDe Beers and ALROSA, the two biggest miners in the trade, have decided to extend by a quarter the existing long-term rough diamond supply c...
Wedding demand will drive diamond consumption in the quarter to DecemberDe Beers also said it has executed 80% of its orders with Indian manufacturing units in Surat and retailers across the country to cater to ...
Loved Deepika Padukone's diamond mangalsutra? Light-weight jewellery is the new trendThe actress' simple yet elegant mangalsutra with solitaire in the middle may be around Rs 20 lakh.
Once bitten... bankers pay more visits to gems unitsDiamond exporters said bank officials are making frequent visits to their facilities for stocktaking.
What is really going on behind Surat's high-tech, labour-intensive diamond industry?The diamond market is deserted. Young people are now moving into the textile industry. In the meantime, the world’s luxury seekers keep Sur...
Jewellers offer sops on cashless transactionsAccording to jewellers, sales are down 30-40% now, a marked improvement from the 80% plunge seen soon after demonetisation.
2G scam money went to tax safe havens via Surat: Enforcement DirectorateInvestigations by the Enforcement Directorate into Rs 5,395-crore hawala scam has revealed that operators were also involved in sending 2G ...
Rough diamonds may turn expensive by 2-3%; Weak rupee dulls solitaires' lustreDiamond traders are worried that a price hike will dampen the solitaire demand in Indian market that was gradually picking up in the countr...
Surat fake diamonds case: Special court summons 77 accused on Sept 2A special anti-money laundering court in Amhedabad issued summons to 77 people in the Rs 5,000-crore Surat fake diamond trade & hawala scam.
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...
Diamond industry of Surat witnesses sudden spurt in demandGem and Jewellery Export Promotion Council feels that even though there is a positive swing, diamond exports in the current fiscal will be ...
Budget 2012: Jewellery exporters seek simplified tax regimeGems and jewellery exporters are seeking a simplified tax regime and withdrawal of one per cent excise duty on branded jewellery.
- Diamond houses keep fingers crossed after change of guard at De Beers
The buyers quietly pick the boxes and take flights back to Mumbai or Antwerp, where the stones are cut and polished by skilled craftsmen.
- Gems and jewellery exports may grow 30-35 pc in FY 11: GJEPC
India's gem and jewellery exports is expected to clock a 30-35 per cent growth in FY 11, a top industry official said today.
- India, China driving recovery of diamond industry: Schittecatte
Demands from Asian markets, especially those of India and China are driving the recovery of the diamond industry from meltdown, Belgian Con...