Page 2 - Gems And Jewellery
Surat diamond industry pins hope on new mines amid staggered work
With some mines in Botswana being put to work, rough diamond trade could ease by 10% amid US sanctions on Russia's Alrosa which commands 27% global supply
 "Surat diamond industry pins hope on new mines amid staggered work")
Go for $100-bn export target: Piyush Goyal to gem, jewellery exporters
He urged the industry to suggest ways to take the exports to that level by creating incisive marketing tools and irresistible designs
 "Go for $100-bn export target: Piyush Goyal to gem, jewellery exporters")
Gem and Jewellery sector to benefit from India-UAE CEPA: Commerce Secretary
The CEPA signed between India and the UAE will give a big boost to the gems and jewellery sector and help create more than one million jobs, Commerce Secretary B V R Subrahmanyam said on Saturday.
 "Gem and Jewellery sector to benefit from India-UAE CEPA: Commerce Secretary")
Gems and jewellery exports up 6.5% to $32.37 bn during April-Jan: GJEPC
Gems and jewellery exports rose by 6.5% to USD 32.37 billion during April-January this fiscal, said industry body GJEPC on Wednesday.
 "Gems and jewellery exports up 6.5% to $32.37 bn during April-Jan: GJEPC")
Gem, jewellery exports decline by 4.21% in Nov to Rs 17,784.92 cr: GJEPC
The decline was expected due to a break in manufacturing activity during Diwali
 "Gem, jewellery exports decline by 4.21% in Nov to Rs 17,784.92 cr: GJEPC")
Export of gems, jewellery more than double in first 7 months in FY22: Goyal
The union minister also said that the government has taken various measures to promote investment for the growth of the sector
 "Export of gems, jewellery more than double in first 7 months in FY22: Goyal")
Goyal asks gem, jewellery sector to focus on design, diversifying exports
Commerce and Industry Minister Piyush Goyal on Saturday asked the gem and jewellery industry to focus on areas like design, diversification of export product basket and lab grown diamonds with a view to boost outbound shipments and job creation. He said that exports from the sector have increased to USD 23 billion during the April-October period of this fiscal. Focus on four points in the coming period. Good design should be patented; include new things such as pearls, platinum and fashion jewellery in the exports basket; increase collaboration with businesses of other countries for fusion jewellery; and (focus on) lab grown diamonds, he said at the inauguration ceremony of Gems & Jewellery Manufacturing Association, 2021.
 "Goyal asks gem, jewellery sector to focus on design, diversifying exports")
Gems and jewellery units to miss the sparkle again: Crisil SME Tracker
The first quarter bore the impact of lockdowns imposed by states to contain the second wave of infections
 "Gems and jewellery units to miss the sparkle again: Crisil SME Tracker")
Exports jump 46% to $14 billion so far in June on shipment growth
Imports too rose by 98.33 per cent to $19.59 billion during the period, the data showed
 "Exports jump 46% to $14 billion so far in June on shipment growth")
Exports zoom 69% to $32.27 bn in May; trade deficit rises to $6.3 bn
On a sequential basis, they grew 5.35 per cent and 8.1 per cent as compared to May 2019
 "Exports zoom 69% to $32.27 bn in May; trade deficit rises to $6.3 bn")
Gems, jewellery exports surge to Rs 25,226 cr in April: GJEPC
The overall shipments of gems and jewellery surged to Rs 25,226.11 crore year-on-year in April 2021, according to Gem and Jewellery Export Promotion Council (GJEPC)
 "Gems, jewellery exports surge to Rs 25,226 cr in April: GJEPC")
Covid-19 second wave to hit Gems and Jewellery; auto dealers: Crisil
Six of 42 sectors covered by study are highly sensitive to a pandemic resurgence, while 20 are moderately sensitive
 "Covid-19 second wave to hit Gems and Jewellery; auto dealers: Crisil")
Minimalism is the new normal for those who just can't stop loving gold
With prices becoming prohibitive, buyers are now choosing dainty designs over dense, light jewellery over heavy sets, as gold retains its glitter in the run up to the wedding season
 "Minimalism is the new normal for those who just can't stop loving gold")
Lockdown impact: Gems, jewellery exports dip 82% in Apr-May to Rs 4,328 cr
Similarly, gold jewellery exports during the last two months declined 92 per cent to Rs 634.38 crore from Rs 7,927.47 crore in April-May 2019
Akshaya Tritiya was never so dull for jewellery industry: IBJA president
Industry estimates suggest that nearly 30 tonnes of gold is sold on Akshay Tritiya, last year
 "Akshaya Tritiya was never so dull for jewellery industry: IBJA president")
March Gem & Jewellery exports halve as Covid-19 delivers a body blow
The lockdown is the latest in a string of adverse events to have hit the industry
 "March Gem & Jewellery exports halve as Covid-19 delivers a body blow")
India hopes to tap $1-billion of jewellery export opportunity to US
US buyers are looking at India favourable as India already exports $10 billion worth jewellery there
 "India hopes to tap $1-billion of jewellery export opportunity to US")
Jewellery exports in June decline 16% YoY on slow demand from China, Gulf
Experts say weak trend likely to continue, annual gems and jewellery exports seen dipping by as much as 15%
 "Jewellery exports in June decline 16% YoY on slow demand from China, Gulf")
Gems and jewellery exports plummet in May due to trade war, money crunch
Tough customs scrutiny on rough diamond imports, US-China trade spat among other reasons for the decline
Jewellery exporters expect easier financing as US market prospects improve
Banks have tightened credit flow to the entire gems and jewellery sector for over a year now, limiting its growth
