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MISMATCHED DIAMONDS
Diamantaires cut working hours on lacklustre salesSurat's diamond-cutting units have reduced work hours and increased weekly holidays due to low overseas demand, especially from China. This...- 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...
- Are lab-grown diamonds forever? Examining their impact on the natural gems businessIt’s 2024, and that carefully crafted chain of the diamond business is now being disrupted. Enter lab-grown diamonds (LGD). A lab-grown dia...
- Four lakh workers face salary delays as lab diamond prices fallNearly four lakh workers in Surat's LGD industry face wage delays and job uncertainties due to falling prices of lab-grown diamonds, impact...
- Rising gold prices drive Indian consumers towards lab-grown diamondsThe recent rise in gold prices has shifted consumer interest towards lab-grown diamond (LGD) studded jewellery due to its affordability. Ma...
- Israel-Palestine conflict not likely to impact India's gem, jewellery sector: GJEPCThe ongoing tension between Israel and Palestine is not expected to have a significant impact on the gem and jewellery industry's exports, ...
- Diamond industry associations ask members to temporarily stop import of rough diamondsThe gems and jewellery industry in India has urged its members to stop importing rough diamonds for two months starting from October 15. Th...
- Tinkers', tailors', bankers' Nobel PrizeThe trio has provided solutions to tackle financial crises, with Bernanke guiding the US out of one as chairman of the Federal Reserve betw...
- Mismatched diamonds: One jewellery trend you must add to your closetVintage cuts and classic hoops are getting a fresh twist this season.
- Diamond traders hit by shortage of rough diamondsThe shortage comes at a time when domestic diamond exporters were looking forward to the holiday season since the recently concluded jewell...
- PC Jeweller hits fresh all-time low after Crisil downgrades rating to default categoryLiquidity profile of PCJ has deteriorated in the past few months on account of cash flow mismatches.
- Banks opening up loan window to high rated gold jewellers, but no respite for smaller onesBanks across the board have restricted lending to jewellers after the Rs 13,700-crore Punjab National Bank scam involving diamond merchant ...
- GST has divided Surat: While textile languishes, diamond trade unaffectedThe 0.25% GST levy on rough diamonds is basically meant for tracking the transit of diamonds rather than mopping up any additional revenue ...
- Income Tax lens on top buyers of Nirav Modi jewelleryAccording to a senior official at the I-T dept, the Delhi office of Income Tax(Investigation) has received a list of 55 entities from Mumba...
- Sparklers whose prices reached dizzying heights: From a blue diamond ring for $57.5 mn to a Rolex for $5 mnHere are other sparklers whose prices reached absolutely insane amounts
- Bob Diamond stumbles on road to redemption in African bankingThree years after he was pushed out as chief executive officer of Barclays, Diamond is assembling a lender spanning sub-Saharan Africa.
- Diamond will get rarer by the day, but there’s no immediate supply crunch: Stephen LussierThe year 2013 has been a phenomenal year for Forevermark. Even in the adverse economic slowdown, we managed to achieve 70% growth in sales ...
- Prospect of having world-class diamond mine in india strong possibility: Rio TintoMD Dr Nik Senapati and Bunder Project Director Stefanie Loader share Rio Tinto India's big plans for the country's diamond production with ...
- India, China to keep diamond prices firm in medium term: CrisilWith consumption increasing in India and China, the demand of rough diamonds is expected to increase, Crisil said in a statement.
- Books completely manufactured in diamond trade, highest prevalence of black money: Income Tax officialTracking the black money trail in the realty sector, also notorious for black money transactions, has, however, been easier for the I-T aut...
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