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ROUGH DIAMOND SALES
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...- 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...
- Titan shares a golden compounder? Why Morgan Stanley thinks Tata Group stock could rally to Rs 5,182Morgan Stanley has named Titan Company its top pick, calling it 'The Golden Compounder'. Recent concerns about regulatory restrictions have...
- Should Titan shareholders worry about recent gold import duty hike? Let 2013 customs move explainTitan Company shareholders are concerned about the recent import duty hike on gold and silver. This move has caused panic in jewellery stoc...
- Gold import duty hike triggers buying rush and volume concerns, says Senco Gold MDIndia's gold jewellery market is adjusting to a new reality. An import duty hike is causing consumers to rush purchases. Industry experts p...
- Banksy's 21st-century art 'Diamond In The Rough' may get $5 mn at New York saleThe graffiti made its debut in the 2010 seminal MOCA survey Art in the Streets.
- De Beers, Alrosa pin hopes on rough diamond sales for recovery“The demand we have seen for our rough diamonds during the start of 2021 have been in line with expectations,” Paul Rowley, executive vice ...
- Diamond exporters witness mixed Black Friday and Thanksgiving sales in overseas markets“It has been a mixed bag for diamond exporters on Black Friday and Thanksgiving,” Colin Shah, chairman, Gem & Jewellery Export Promotion Co...
- 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...
- GJEPC prays for urgent policy reform in bid to double gem & jewellery exports by 2025The Council has requested the Finance Minister that if customers in India choose to confirm their orders, an invoice can be made within the...
- Diamond traders urge FM Sitharaman to slash import duty on cut and polished diamondsDuty on polished diamonds was raised to 7.5% in September 2018. This includes duty on diamonds exported and then reimported. “The duty shou...
- Global revenue from rough diamond sales to drop 30-40% this year: Moody'sRough diamond sales volume and prices will fall in 2020 as a result of the near shutdown of the global economy, Moody's Investors Service s...
- Coronavirus bugs diamond tradersIndia is the world’s largest centre for cutting and polishing of rough diamonds, and it is said that 14 out of every 15 rough diamonds prod...
- Russian major to set up diamond base in IndiaVimadalal said ALROSA has plans to launch its own brand of diamonds for the Indian market to be launched in 2019 or 2020.
- Cabinet Committee gives approval to wind up Hindustan Diamond CompanyThe winding up of HDCPL is not likely to affect supply of rough diamonds to Indian diamantaires as Indian diamond industry has grown in the...
- PM Narendra Modi seeks direct Indo-Russian diamond tradeIn order to expand manufacturing sector and create more jobs here, Modi asked Putin to ease regulations and encourage Russian jewellers to ...
- Local diamond cos seal deals worth $490 mn with AlrosaThree local diamond manufacturers, Rosy Blue, Diamond India and Ratilal Becharlal and Sons, on Friday inked deals totalling $490 million wi...
- Local diamond cos seal deals worth $490 mn with AlrosaThree local diamond manufacturers - Rosy Blue, Diamond India and Ratilal Becharlal and Sons - on Friday inked deals totalling $490 million ...
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