Lab-grown diamonds put natural gems under pressureLab-grown diamonds are reshaping the global diamond jewelry market, with production volumes growing rapidly. They offer lower costs, clean ...
20 Feb, 2024, 11.33 AM IST
US freezes $26-m fund transfers by Indian diamantairesOffshore subsidiaries of Indian diamond merchants have had fund transfers worth almost $26m frozen after US authorities claimed the rough d...
11 Aug, 2023, 06.37 PM IST
Rapaport suspends all activity with Russian and Belarusian companiesRapNet — the world’s largest diamond trading network, with daily listings of 1.7 million polished diamonds valued at $8.7 billion — has imp...
06 Apr, 2022, 08.17 PM IST
'Completely flawless' 102.39-carat diamond fetches US$15.7 mn at auctionOnly seven other white diamonds bigger than 100 carats and of the same quality have ever gone under the hammer.
06 Oct, 2020, 06.05 PM IST
India’s overall gem & jewellery exports estimated to fall 25% this fiscal, says GJEPCIndia’s net exports of gems and jewellery shrank 47% year on year to $3.4 bn in April-July this fiscal because of the Covid-induced global ...
03 Sep, 2020, 02.55 PM IST
Tough credit rules for diamond tradeThe insistence on bankthrough exports seeks to prevent round tripping.
27 Apr, 2018, 08.04 AM IST
Diamond houses want a government tab on rough synthetics tradeAs diamond houses try to step out of the shadow of a sensational scam that has rocked many high-street banks, they have urged the commerce ...
26 Feb, 2018, 08.08 AM IST
Diamonds no longer exclusive to the rich: You can own them at Rs 120 a dayWorld's first diamond future exchange aims to cater to investors and buyers across the spectrum.
07 Sep, 2017, 02.15 PM IST
World's first diamond futures exchange starts trading in IndiaIndian diamond cutters polish about 14 of every 15 of the world’s gems.
28 Aug, 2017, 10.50 AM IST
GST regime affects small diamond units in GujaratDamjibhai Mavani, secretary of Surat Diamond Association, said, “It will take at least a year to put things in order. This is the problem o...
31 Jul, 2017, 01.31 PM IST
Diamond to be less popular this year: De Beers CEO Stephen LussierDe Beers and Russia’s Alrosa were the largest sellers of rough diamonds last year, accounting for 56% of global sales by value between them.
22 Sep, 2015, 10.27 AM IST
GJEPC releases annual performance of gem & jewellery sectorGJEPC declared a contribution of US$ 39898.81 million to India's coffers in terms of foreign exchange earnings.
23 Apr, 2015, 04.58 PM IST
Gem and jewellery exports decline by 11% in FY14The export of gold jewellery and gold medallions together for the period April 2013-14 was at $ 11045.92 million which shows a decline of 3...
29 Apr, 2014, 06.35 PM IST
- RBI reduces term of letters of credit opened for import of diamonds
India is the world’s largest polishing centre for rough diamonds. Rough diamonds are imported into the country, cut and polished, to be re-...
10 May, 2011, 06.32 AM IST
- Heard on the Street
Shares of Shrenuj & Company rose 5% to close at Rs 29 in a weak market on Friday. According to dealers, the stock is being accumulated by "...
31 Oct, 2009, 12.27 AM IST
- FTP meets the demands of gems & jewellery exporters
The $27-billion Indian gems & jewellery sector, which had a torrid time after the financial crisis broke out, has most of its wishes fulfil...
28 Aug, 2009, 03.25 AM IST
- Hazy tax issues to dull diamond dollar accounts
DIAMOND dollar accounts, which enables dollar transactions within the country, will fail to take off unless the government clarifies the ta...
01 Apr, 2002, 12.08 AM IST