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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
GJEPC Tightens Ties with Shenzhen
India’s Gem & Jewellery Export Promotion Council (GJEPC)will open an office in China’s Shenzhen Rough Diamond Exchange (SRDE) in aneffort to promote trade between the countries.GJEPC chairman Pramod Agrawal signed a Memorandum ofUnderstanding (MOU) with...
Polished Markets Aug 12, 2018 Rapaport News
Gold and Diamond Rings credit Juliya_Ka slash Shut
US-China Trade War May Hit Jewelry Industry
The Chinese diamond and jewelry industry is facing highimport tariffs to the US as trade tension escalates between Washington andBeijing. On July 10, the US Trade Representative has announced plans for aproposed 10% hike on products from...
Mining Jul 15, 2018 Rapaport News
India Diamond Week 150
Chinese Bourse Hosts India Diamond Week
China’s Shenzhen Rough Diamond Exchange (SRDE) hosted anIndia Diamond Week to promote trade between the two countries.The June 13 to 15 event — in partnership with India’s Gem& Jewellery Export Promotion Council (GJEPC) — drew 20 Indian diamondmanufacturers...
Polished Markets Jun 17, 2018 Rapaport News
China 150
China Cuts Import Tariffs on Jewelry
China has reduced import duties on 18 jewelry categories byreclassifying them as everyday consumer goods, according to the GuangzhouDiamond Exchange.The Customs Tariff Commission of the State Council has cutthe rate by an average of 68% across those categories,...
Retail Jun 11, 2018 Leah Meirovich
China 600
US-China Trade War Shouldn’t Hurt Diamonds
The global diamond and jewelry industry may have feltnervous about the US proposal earlier this month to place $50 billion-worth of tariffs on Chinese goods. The response from the People’s Republic lastweek — threatening its...
Financial-Legal Apr 12, 2018 Joshua Freedman
Crackdown on Gold Jewelry Price FixingA Shanghai investigation into retail gold price manipulation resulted in price-fixing charges being filed against 12 jewelry retailers and the Shanghai Gold & Jewelry Trade Association, according to an August 12 report by the Xinhua News Agency. The investigation was conducted by the...
Fair Trade Sep 04, 2013 Julius Zheng
Friendly CompetitionThere is no doubt that India, the biggest diamondmanufacturing country, and China, the second-largest diamond consumptionmarket, have more and more interaction and influence with each other. It isalso no surprise that many Indian diamond merchants, especially those who livein Shanghai and work in the...
Manufacturing Aug 01, 2013 Julius Zheng
Connecting in Las VegasThe 22nd JCK Las Vegas show, the leading North American jewelry trade show, ran from May 31 through June 3 at the Mandalay Bay Resort & Casino. The four-day show consisted of over 2,500 manufacturers and designers representing 32 countries, including 300 new...
Polished Markets Jul 02, 2013 Julius Zheng
Shows Target Businesses and ConsumersThe number of jewelry shows in China has surged from single digits to dozens in recent years and show organizers are busy scheduling stand-alone and serial shows in various cities. In Shanghai, there is so much activity that the names, dates and venues of the...
Polished Markets May 31, 2013 Julius Zheng
Gold Drops, Buying IncreasesOverall economic development in China was stable in the first quarter of 2013, with gross domestic product (GDP) increasing 7.7 percent year on year, according to the April 15 report of China’s National Bureau of Statistics. The same report shows that the total retail sales...
Polished Markets Apr 30, 2013 Julius Zheng
Buying to Beat Price IncreasesThe Lantern Festival on the fifteenth day of the Chinese New Year of the Snake — February 24 in 2013 — marked the end of the New Year celebration in the traditional sense, although the week-long official holiday only extended February 9 through February 15. This year’s...
Polished Markets Apr 01, 2013 Julius Zheng
Welcoming the year of the SnakeAt midnight on February 9, the auspicious dragon wandered away, turning over the new Chinese Zodiac Year to the snake, sometimes called “the little dragon.” The snake is regarded as mysterious and cunning, quite intelligent and wise. Those born in the Year...
Polished Markets Feb 26, 2013 Julius Zheng
Economic Pick-up AnticipatedThe Beijing Municipal Commission of Commerce announced that during the three-day New Year holiday, the city’s 127 major retailers sold $338 million of merchandise, an increase of 25.8 percent year on year. Thanks to such government-supported promotions as the Gold and Jewelry Consumption Festival, which...
Polished Markets Feb 01, 2013 Julius Zheng
Doubles Pump Up SalesEncouraged by the dazzling single-day internet sales record achieved on China’s Singles Day in November, online retailers launched similar promotions for December 12, also known as 12/12, or the Double 12. Various ecommerce websites, including Tmall.com, Taobao.com and 360buy.com, participated in the Double 12 promotions....
Polished Markets Jan 01, 2013 Julius Zheng
Online retailers set a dazzling new record for internet sales in a single 24-hour period with a recent promotion that confirmed the appeal of limited-time discounts of as much as 50 percent, the effectiveness of aggressive marketing and the reach of ecommerce. The one-day sales event was held on November 11, something...
Retail Dec 01, 2012 Julius Zheng
China Market Report
Total sales for the major retail and restaurant firms in China reached $128 billion during National Day Golden Week from September 30 through October 7, according to the Ministry of Commerce, a 15 percent increase from the same holiday in 2011. Golden Week included two festivals this year,...
Polished Markets Nov 01, 2012 Julius Zheng
CVD Alert
Synthetic alerts were first sounded in mid-February, whenthe Shenzhen lab of the National Gem Testing Center (NGTC) received a parcel of18 stones weighing a total of 9.5 carats for certification. They were mostly Ito J color and VS clarity with black inclusions, with an average weight ofapproximately .50...
Manufacturing Oct 01, 2012 Julius Zheng
Certs a Must
Among the U.S.–based laboratories, certificates from theGemological Institute of America (GIA) are by far the most popular certs inChina for over .30-carat round diamonds, especially with cut grades of tripleEX or double EX, with none to faint fluorescence. GIA offers a Chinese languagetutorial on the 4Cs on its...
Polished Markets Sep 01, 2012 Julius Zheng
India’s Influence
Despite the fact that they are competitors, India has playedan important role in the development of China’s diamond market and industry. Inthe past few years, as international sourcing has become more important, manyChinese have gone on buying trips to Mumbai and Surat, or have visited theIndia...
Polished Markets Aug 01, 2012 Julius Zheng
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