Indian Traders Hit by Switch from Diamonds to Gold
Seventy Indian diamond traders are reported to have closed their Hong Kong offices in the last six months, as Chinese customers shun diamonds in favor of gold jewelry as an investment.
A slump in sales...
Court Orders Destruction of 2,361 Fake Watches
A court in the UK has ordered the destruction of 2,361 counterfeit watches, imported from China and offered for sale online.
Jeremy Smith, 41, who advertised the watches on eBay and two websites had argued...
De Beers & GJEPC Discuss Strengthening Indian Market for Natural Diamonds
De Beers and GJEPC held a meeting on 1st August in Mumbai to discuss strategies for bolstering the natural diamond market in India. The discussion centred around the need for education and awareness around...
IIGJ Jaipur Holds Retail Mastery Workshop
GJEPC’s Jaipur Regional Office successfully conducted a two-day retail mastery workshop at the Indian Institute of Gems & Jewellery (IIGJ) in the city. The workshop aimed to enhance the skills of frontline retail salespersons.
Around...
Wholesaler Boycotts Retailers Selling Lab Growns
A high-end jewelry wholesaler in New York says it will no longer supply retailers who sell lab growns.
Arazi says it will terminate its asset/memo support program for businesses carrying or promoting lab growns immediately,...
India’s Q2 Gold Jewellery Demand Declines Amid High Prices
India has witnessed a notable decrease in gold jewellery demand in the second quarter of 2024, according to the World Gold Council (WGC). India’s Q2 gold jewellery demand fell by 17% to 106.5 tonnes,...
IIGJ Jaipur Conducts First Convocation, 19 Students Awarded Degrees
The Indian Institute of Gems and Jewellery (IIGJ) Jaipur celebrated its first convocation on 26th July, with 19 students from the inaugural batch receiving their degrees. The ceremony was graced by the presence of...
Aditya Birla Group Unveils Rs. 5,000 Crore Jewellery Brand ‘Indriya’
Aditya Birla Group made a grand entry into the branded jewellery retail segment on 26th July with the launch of 'Indriya', a venture backed by a substantial investment of Rs. 5,000 crore. The new...
World Gold Council Study: US Elections Drive Gold Demand and Price Fluctuations
The World Gold Council’s latest report, titled “Ballots to Bullion: Examining the US Election’s Effect on Gold,” delves into the relationship between US presidential elections and gold prices. Historically, gold has often been viewed...
Kering Sees Double-Digit Jewellery Sales Growth Amidst Challenging Market
Luxury conglomerate Kering reported a challenging first half of 2024, with group revenue declining by 11% to €9.01 billion. The company attributed the downturn to a difficult market environment that impacted both top-line growth...
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GJEPC Surat RO Hosts Industry Interaction with DGTS on Key Tax Concerns
The Gem & Jewellery Export Promotion Council (GJEPC) Surat Regional Office recently organised an important meeting between gem and jewellery industry representatives and Shri...
India’s Q1 Gold Jewellery Volumes Decline as High Prices Reshape Buying Trends: WGC
India’s gold jewellery demand witnessed a sharp slowdown in the first quarter of 2026, as soaring bullion prices reduced affordability and pushed many consumers...
Queen Camilla Turns State Visit Jewelry Into a Lesson in Royal Storytelling
During her high-profile visit to the United States alongside King Charles III, Queen Camilla has once again demonstrated that royal jewelry is far more...
De Beers Posts 17% Increase in Q1 Diamond Production, Reaching 7.1 Million Carats
De Beers Group reported a strong start to 2026, with rough diamond production climbing 17% year-on-year to 7.1 million carats in the first quarter....
Etsy Surpasses Q1 Revenue Forecasts as Buyer Activity Remains Resilient
Etsy delivered stronger-than-expected first-quarter revenue, benefiting from stable consumer demand, rising buyer activity, and higher spending per customer despite a cautious economic backdrop.
The online...
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