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Surat diamond cutters
‘Naturalmark’ Aims to Defeat Undisclosed Synthetics
A new project to combat undisclosed synthetics has launched in India, offering retailers low-cost screening and inscription using a model based on gold hallmarking.Naturalmark will place tamper-proof seals on parcels of loose diamonds, as well as laser-inscribing finished jewelry,...
Retail Jan 03, 2021 Joshua Freedman
Bharat Diamond Bourse
Bharat Diamond Bourse Votes to Allow Synthetics
Members of Mumbai’s Bharat Diamond Bourse (BDB) have voted in favor of allowing lab-grown trading on the premises of the exchange.The change will go into effect once the BDB has created guidelines for the sector, India’s...
Polished Markets Dec 30, 2020 Rapaport News
Lightbox rough lab-grown diamond
Major India Trade Body Adds Lab-Grown Membership
India’s Gem & Jewellery Export Promotion Council (GJEPC) has introduced a new membership category for lab-grown diamond traders.GJEPC members can now opt to identify themselves as lab-grown diamond businesses, enabling others to know that...
Polished Markets Dec 27, 2020 Joshua Freedman
Diamond Foundry rough lab-grown diamond
Mumbai Bourse to Vote on Lifting Synthetics Ban
Mumbai’s Bharat Diamond Bourse (BDB) is on the verge of allowing lab-grown trading, with members due to vote on the matter next week.The board of the world’s largest diamond hub has recommended the move, arguing that...
Polished Markets Dec 21, 2020 Joshua Freedman
Asian Star jewelry
Sales Slump at Indian Manufacturer Asian Star
Asian Star’s sales fell in the second fiscal quarter as the coronavirus pandemic continued to affect business for the Indian manufacturer of diamonds and jewelry.Group revenue — including at subsidiaries — slid 38% year on year to INR 4.98...
Manufacturing Nov 09, 2020 Rapaport News
De Beers Industry Services grading Surat
India Rushes to Meet US Holiday Demand
Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months...
Manufacturing Oct 22, 2020 Joshua Freedman
Polished diamonds
India’s Asian Star Sees Sales Plunge
Sales and profit plummeted at Indian diamond manufacturer Asian Star in the first fiscal quarter as the coronavirus froze the company’s activities.Revenue slumped 80% year on year to INR 1.64 billion ($22.2 million) for the...
Manufacturing Sep 29, 2020 Rapaport News
Yoram Dvash
WFDB Elects Yoram Dvash as President
The World Federation of Diamond Bourses (WFDB) has voted in Yoram Dvash as its president for a three-year term, the organization said Tuesday.Dvash, who holds the same position at the Israel Diamond Exchange, had been...
Polished Markets Sep 15, 2020 Rapaport News
Sightholder.
Nine Sightholders Aim for Carbon Neutrality
Nine De Beers sightholders have committed to becoming carbon-neutral, aiming to align the manufacturing sector with environmental standards present elsewhere in the diamond industry.The participants will begin by assessing their current emissions, and will then...
Manufacturing Jul 29, 2020 Rapaport News
Rupees.
Indian Credit Down 18% Since Banking Scandal
Lending to India’s gem and jewelry industry fell 18% during the past two fiscal years as the 2018 Nirav Modi banking scandal continued to fuel caution among banks, according to credit agency CARE Ratings.Outstanding...
Financial-Legal Jun 07, 2020 Rapaport News
India Bharat Diamond Bourse
Exports Restart at India’s Bharat Diamond Bourse
Mumbai has dispatched its first diamond exports since India’s lockdown started, after the regional government allowed limited activities to resume at the city’s Bharat Diamond Bourse (BDB).The first shipments took place on Tuesday,...
Polished Markets May 14, 2020 Joshua Freedman
Diamond in tweezers
Mumbai Trade Resumes with 10% of Workers
Indian authorities have allowed Mumbai’s diamond and jewelry companies to reopen partially on condition that they limit their workforces and follow social-distancing rules.Trade members may operate with up to 10% of their staff members in order...
Polished Markets May 12, 2020 Rapaport News
Israel bourse district
Israel Bourse Resumes Certain Services
The Israel Diamond Exchange (IDE) has become the latest bourse to revive operations, as trading centers around the world slowly return to action following lockdowns.Facilities including banks, the post office, customs, the diamond...
Polished Markets May 06, 2020 Rapaport News
Melee at De Beers Industry Group Services Surat
Eight Surat Cutting Units Return to Work
India has resumed manufacturing and exports of gems and jewelry, as the country starts to ease its restrictions following five weeks of lockdown.Eight production units in Surat, the country’s diamond-cutting hub, have begun operations at the...
Polished Markets May 04, 2020 Rapaport News
Rough diamond
India Trade Urged to Freeze Rough Imports
India’s leading diamond-trade organizations have called on members to stop importing rough for at least a month to prevent an oversupply and ensure banks maintain their credit to the sector.Companies should consider pausing rough imports from May...
Rough Markets Apr 23, 2020 Rapaport News
IIJS Signature 2020
India Eases Trade’s Financial Burden
India’s government has approved concessions to ease the financial situation for diamond and jewelry businesses after the country went into lockdown to curb the spread of the coronavirus.The finance ministry raised the minimum...
Financial-Legal Mar 25, 2020 Rapaport News
Surat
Surat Diamond Manufacturing Shuts Down
The entire polishing industry in Surat has shut until March 31 after Indian authorities introduced tight restrictions to slow the spread of the coronavirus.Activities stopped on Tuesday in line with a lockdown enforced by the Gujarat state government....
Polished Markets Mar 24, 2020 Rapaport News
India GST
Indian Exporters Get Reprieve from Banks
Indian banks have agreed to offer special concessions to diamond exporters to help them deal with late payments resulting from the coronavirus outbreak.Companies will have extra months to repay loans they take to fund overseas...
Financial-Legal Mar 19, 2020 Rapaport News
China customs officials
China’s Diamond Trade Weighs Virus Effect
Chinese retail is almost dead, the country’s bourses are quiet, and even importing rough goods has been fraught with obstacles. Diamond dealers expect a release of pent-up demand when the coronavirus goes away,...
Polished Markets Feb 25, 2020 Joshua Freedman
Hong Kong during coronavirus Jan 2020
Hong Kong Shows Postponed Due to Coronavirus
Organizers of two upcoming jewelry trade shows in Hong Kong have postponed the events as the coronavirus continues to spread beyond mainland China.The Hong Kong International Diamond, Gem & Pearl Show, which was due...
Polished Markets Feb 04, 2020 Joshua Freedman
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