Diamond Jewellery

A key area where De Beers wants to make an impact is ensuring the authenticity of diamonds - a major concern among customers and sometimes even jewellers

Suddenly, the legendary advertising line - a diamond is forever - is losing its shine. Worse, the prices of natural diamonds are declining

Geopolitical tensions, sanctions, and competition have led to a decline in consumer demand and exports for Surat's diamond industry

As per current trends, customers are purchasing fine jewellery starting at Rs 2,000 for silver jewellery and up to Rs 40,000 for gold and diamond jewellery

Malabar Gold & Diamonds, the world's sixth-largest jewellery retailer, on Thursday announced plans to launch 20 new showrooms in October as part of its global expansion strategy. The company will open three new showrooms in Uttar Pradesh, while two each in Delhi, Maharashtra, Karnataka, and Rajasthan and one new showroom each in Odisha, Telangana, West Bengal and Punjab. New showrooms will also be opened in Muwaileh in Sharjah; Muaither in Qatar; and Nakheel Mall in Saudi Arabia, as well as North America. "Opening 20 new showrooms in October aligns with our vision to become the world's leading retail jeweller. Our expansion plan focuses on sustainable and responsible growth that not only drives our business forward but also benefits society," Malabar Group Chairman M P Ahammed said, in a statement. The new showrooms will offer a diverse range of traditional and contemporary jewellery collections, coupled with a personalized shopping experience. Malabar Gold currently operates 355

Commerce and Industry Piyush Goyal on Saturday announced restoration of Diamond Imprest Licence, which allows import duty exemption on cut and polished diamonds up to a specified limit. The gems and jewellery exporters were demanding for this licence. In the absence of this licence, the cut and polished diamonds were getting imported in Dubai and getting assorted there and re-exported, impacting India's exports and jobs in the sector. The minister announced the restoration of the licence during a session at the India International Jewellery Show (IIJS) 2024 here. It was organised by the Gem and Jewellery Export Promotion Council (GJEPC). "Shri Piyush Goyal, Minister of Commerce and Industry announced the introduction of the Diamond Imprest Licence," the GJEPC said in a statement. The licence allows eligible exporters to import cut and polished diamonds, including semi-processed, half-cut, and broken diamonds. Exporters can import diamonds up to 5 per cent of their average turnover

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Budget in the Lok Sabha on July 23

In an innovative move to boost voter turnout, the Bhopal administration organised a lottery scheme rewarding voters with diamond rings for casting their votes on polling day

Is Vodafone Idea out of the woods? Is Air India turning the corner under new management? Is the selling in bank stocks after Adani group fallout overdone? What are lab-grown diamonds? All answers here

Gem and jewellery exporters on Sunday urged the government to announce support measures like the abolition of import duty on raw material for lab-grown diamonds and jewellery repair policy to promote the sector and boost shipments in the forthcoming Budget. The industry also suggested the introduction of presumptive taxation on diamond sales at special notified zones and the introduction of the proposed DESH bill, which seeks to replace the existing law for special economic zones. Seeking a kind of "diamond package" in the forthcoming Budget, the industry said in light of the high inflation and economic crisis in the US and Europe and frequent lockdowns in China, the exports of diamonds and jobs in Surat have been impacted. The conventional source of rough diamonds across the world faces threats of deposit depletion, which also contribute to the exponential increase in the cost of extraction. Industries have thus found lab-grown diamonds to be a profitable alternative. These lab-gr

Of the roughly 8,000 polishing units in Gujarat city, 15% polish lab-grown diamonds exclusively

Western markets fear recession and domestic business is uncertain ahead of festival season later this year

Your love affair with the precious stones doesn't end with the purchase. You've really got to take care of the ice to keep the blemishes away. Here are tips on how to buy diamonds.

The month of May offers some respite with 25 per cent workers sent on leave till June

Also known as a carbonado diamond, it is possible the black diamond came from outer space

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The lockdown is the latest in a string of adverse events to have hit the industry

The Passion pendant is a fresh take on making animated wearable art

India's path to more sustainable public finances will also involve initial adjustments to consumer spending

The developments in the Indian market are important since most of the rough diamonds ('roughs' in trade parlance) mined in the world are cut and polished in this country