Gross exports of gems and jewellery have declined for nine months in a row this financial year. It fell by 2 per cent YoY in December to $2,436 million. It had seen a YoY decline of 3 per cent in November. The quantum of de-growth in gross exports in the nine months of FY20 is … Read More →
The De Beers Group of Companies said the value of its rough diamond sales for the ninth sales cycle of 2016 reached US$470 million, which the company said conforms to its expectations. The group reported US$494 million in rough diamond sales during the previous cycle. Bruce Cleaver, CEO of the De Beers Group, commented, “Encouragingly, … Read More →
The ninth edition of Hyderabad Jewellery, Pearl and Gem Fair will be held here for two-days from June 4. Over 150 exhibitors comprising jewellery brands, wholesalers, retailers, importers, exporters, diamond and gemstone suppliers and representatives from trade and government organisations will participate in the fair, which is hosted by UBM India and supported by the … Read More →
India’s jewellery sector is estimated to have incurred a revenue loss of over Rs. 60,000 crore due to an ongoing indefinite strike that entered the ninth day on Wednesday, according to an industry body. Members of over 358 associations related to jewellery trade and related businesses are on strike since March 2 to demand withdrawal … Read More →