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SOLITAIRES DEMAND INCREASE
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 ...
- 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...
- Titan shares fall 3% after Q2 business update. Here's what brokerages saidInvestec maintains a hold rating on Titan with a target price of Rs 4,100, expecting strong revenue growth but muted PAT. The jewellery seg...
- 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...
- 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...
- Gold prices soften ahead of Akshaya Tritiya, boosting jewellers' expectationsJewellers anticipate rising Akshaya Tritiya sales with lower gold prices. Demand increasing for everyday diamond jewellery and solitaires. ...
- 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...
- Lab-made diamonds grow on buyers this Dhanteras-DiwaliLab-grown diamonds, which emerged as a new category and an alternative to the pricier natural diamonds, became more popular in this year's ...
- Romancing the stone, and not breaking the bank: Why diamonds are a good deal this festive seasonSix months ago, a 1-carat LGD ring at the retail level was priced at ₹2 lakh. But now it costs ₹80,000-₹1 lakh. Similarly, a 1-carat natura...
- 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...
- 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.
- 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.
- 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...
- 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...
- Surat diamond industry decides to offer performance bonus to check attritionFor the first time in 50 yrs, Rs 65K-cr Surat diamond industry has decided to offer its workers a performance bonus.
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