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India tightens e-commerce rules, likely to hit Amazon, Flipkart

India tightens e-commerce rules, likely to hit Amazon, Flipkart

India will ban e-commerce companies such as Amazon.com and Walmart -owned Flipkart Group from selling products from companies in which they have an equity interest. In a statement, the government also said that the companies...
Buyer Sought for Stornoway Diamonds

Buyer Sought for Stornoway Diamonds

A buyer is being sought for Canadian diamond miner Stornoway, after it filed for bankruptcy protection last month. The company has suspended operations at Renard, the first and only diamond mine in Quebec province, and...
Jewellery, watches drive Richemont sales

Jewellery, watches drive Richemont sales

Luxury group Richemont reported double-digit growth during the six months ending September 30 on the back of solid jewellery and watch sales. Group sales rose 21 percent, driven primarily by strong performances of jewellery maisons...
Diamond

Relief for related-party diamond trade

The customs department has relaxed a rule that required compulsory scrutinising of imports and exports of diamonds between related parties, a regulation that was followed strictly after the Nirav Modi scam. In the past...
Alrosa

ALROSA summarizes preliminary results of the forest reproduction launch

In 2020, ALROSA carried out forest reproduction works on a total area of 585 hectares. Reforestation works are carried out from May to October. Starting from 2019, Russian legislation oblige forest users carrying out reforestation...
Azza Fahmy expands global physical retail presence

Azza Fahmy expands global physical retail presence

Luxury jewellery house Azza Fahmy has announced plans to open its first store in the United States. At the end of January, Azza Fahmy will be making its retail debut stateside with a boutique located...
GIA’s 7th Annual Jewelry Design Competition Celebrates Emerging Talent

GIA’s 7th Annual Jewelry Design Competition Celebrates Emerging Talent

The Gemological Institute of America (GIA) recently awarded the seventh Gianmaria Buccellati Foundation Award for Excellence in Jewelry Design. The award, created with the Gianmaria Buccellati Foundation in 2018, was presented during the annual...
Mrs. Pooja Sheth Madhavan and Mr. K Srinivasan, Chairman and MD, Emerald Jewel Industry India Ltd

One of world’s leading jewellery manufacturer Emerald Group invests in Limelight Diamonds as part...

Mumbai, 17th May, 2023 – As an extension of an existing strategic tie-up between both the Groups, Emerald invests a minority stake in Limelight Diamonds with an objective of establishing Limelight as a vertically...
Museum of Gem and Jewellery Federation- Jaipur, MGJF- Jaipur

Special Stones In Museum of Gem and Jewellery, Jaipur

Blade Calcite Although calcite is a common mineral, its presence in this size makes this specimen interesting. Calcite commonly occurs in ‘rhombohedron’ crystal form (a shape with six rhomb-shaped faces), however, here calcite crystals display,...
Gold prices could reach Rs 70,000 per 10 grams in 2024

Gold prices could reach Rs 70,000 per 10 grams in 2024

India’s gold prices are likely to reach a price of Rs 70,000 for 10 grams in the domestic market this year. Industry experts believe that even further price increases are possible due to upcoming...

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Government Clarifies Re-import Rules for Unsold Jewellery at Exhibitions

Government Clarifies Re-import Rules for Unsold Jewellery at Exhibitions

The Ministry of Commerce & Industry has issued a crucial clarification concerning the re-import of unsold jewellery exported for exhibitions under specific conditions outlined...
Chow Tai Fook Sees Revenue Surge On Festive Demand

Chow Tai Fook Sees Revenue Surge On Festive Demand

Chow Tai Fook reported a significant boost in revenue, driven primarily by strong festive demand across its key markets. For the financial year ending...
Chow Tai Fook Reports Record $1.58bn Profits

Chow Tai Fook Reports Record $1.58bn Profits

Chow Tai Fook (CTF), the Hong Kong-based jeweler with over 7,500 stores across mainland China, has reported record high revenue and core operating profits...
$3.5m Yellow Diamond Pulled from Sale

$3.5m Yellow Diamond Pulled from Sale

Another high-value yellow diamond has been withdrawn from sale by auctioneers at the last minute. The 45.07-carat fancy vivid yellow, billed as highlight of the...
GJEPC Hosts Seminar On Membership Benefits, MSME Schemes In Satara

GJEPC Hosts Seminar On Membership Benefits, MSME Schemes In Satara

The Gem and Jewellery Export Promotion Council (GJEPC), in collaboration with the Satara District Saraf Suvarnakar Association and Satara Sarafa Association, hosted an informative...
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