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SOLITAIRE DEMAND IN INDIA
Natural diamonds are shining again as De Beers-led supply cuts lift pricesNatural diamond prices are experiencing a significant rebound, climbing 5-8% year-on-year, driven by reduced supply from major miners and r...- Indians bet on gold, not on the necklace glitter for the first timeFor the first time, India's investment demand for gold surpassed jewellery consumption in the March quarter, reaching 82 metric tons compar...
- Swiggy Instamart logs 49x gold surge on Akshaya Tritiya with small-ticket gold driving quick-commerce boomSwiggy's Instamart experienced a massive jump in demand for gold and silver on Akshaya Tritiya. Urban shoppers embraced quick commerce for ...
- Akshaya Tritiya sees 30% volume drop in gold buying amid price spikeGold demand during Akshaya Tritiya dropped about 30% in volume as prices, up nearly 60% year-on-year, deterred large purchases. Buyers stay...
- Young India shifts to solitaires as prices decline 30%Solitaire diamond rings are seeing a surge in demand among Indians aged 28-40, with sales rising 25-35% year-on-year following a 30% price ...
- Buyers put their money on rock as gold prices peakTanishq reports a surge in demand for smaller solitaire diamonds, outpacing gold jewellery sales, a trend continuing into May. With gold pr...
- SolitAir to invest $25 million in Indian market this year: CEO Hamdi OsmanSolitAir Holding, a UAE-based cargo operator, plans to invest USD 25 million in India's market in its first year of operations. With a stra...
- Stock to watch: Titan shares in focus today after Q2 update shows 25% biz growthTitan's shares will be in focus as the company reported 25% year-on-year growth in its second quarter update. Jewellery domestic operations...
- Titan sees 25% YoY growth in Q2 as jewellery business picks upTitan reported 25% YoY growth in Q2 FY25. 75 new stores were added, bringing the total to 3,171. Jewellery domestic operations grew 25% YoY...
- Solitaire sales may sparkle this festive season on lower pricesIndians are indulging in diamond purchases thanks to a drop in solitaire prices since last Diwali. This price decline has raised expectatio...
- Sparkling revival: US consumer appetite for solitaires boosts India's diamond trade“Natural diamond jewellery sales were up 5.1% by units and 4.7% by revenue in November, when holiday purchases picked up in the US. Loose d...
- Price drop drives solitaire diamond sales in top citiesGlobal diamond conglomerate De Beers as well as local chains such as Senco Gold & Diamonds and Malabar Gold & Diamonds estimate the increas...
- India's diamond exports remain unaffected by covid gloomIndia's exported gems and jewellery export worth $29.07 billion in FY20. In the same period, India exported cut and polished diamonds worth...
- Lab-grown diamonds are the new real alternativesEntrepreneur duo Parag and Saurabh Agarwal want to make luxury accessible without environmental impact.
- Diamond demand to revive as prices of both rough and polished varieties have stabilised: De BeersAll the stakeholders in the diamond industry can expect a better year, Stephen Lussier, CEO, Forevermark, De Beers told ET.
- Diamond miners like De Beers, Rio Tinto lower rough diamond prices by 5-7%De Beers, Rio Tinto and ALROSA have lowered rough prices by 5-7% beginning this month, making the sparkling stone attractive for buyers.
- Rising affluence increased sale of single diamonds by 20-30% over last yearIn jewellery parlance, the word solitaire is used to describe a single diamond or gemstone set into piece of jewels.
- Poor demand forces diamond makers to cut production by 30%After a dismal last quarter, the country's diamond industry, which accounts for about 80% of the world's production of polished stones, is ...
- Disposable income adds sparkle to solitaire salesWhile a 6-7% drop in prices in the past four-five months has also fuelled demand for solitaires, retailers say this is not the prime reason...
- Diamonds sparkle as gold loses glitterDiamond as investment assets is picking up pace . Although pace is slow, this rise in investor interest is being fuelled by factors.
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