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Diamond & Loupe
Diamond Prices Slide Before Diwali Break
RAPAPORT PRESS RELEASE, November 6, 2018, New York… Polished-diamond prices softened in October as inventory levels rose ahead of the Diwali festival. Despite the decline, sentiment improved, with expectations growing for the US holiday season....
Polished Markets Nov 06, 2018 Rapaport
IIJS 600
Weak Rupee Raises Hopes for Indian Exports
A weaker rupee againstthe US dollar has helped boost exports to leading markets such as the US andChina, attendees at the India International Jewellery Show (IIJS) reported. “The jewelry anddiamond and colored-gemstone business is flourishing,” Gaetano Cavalieri,president...
Mining Aug 13, 2018 David Brough
Alrosa Nyurba mine 140
Alrosa Profit Slumps Despite Inventory Sell-Off
Alrosa’s rough-diamond revenue declined in the first quarteras sales shifted to lower-quality goods, the Russian miner said.Group revenue fell 17% year on year to $1.5 billion (RUB84.81 billion) for the three months that ended...
Mining May 28, 2017 Rapaport News
Industry Reaction to a Weaker Rupee Remains Subdued
With India's rupee continuing to slide against the dollar, many in the trade are surprised that a weaker currency hasn't caused widespread havoc. In the past week, $1 bought between INR 63.8 to INR 64.2, up from...
Financial-Legal Jun 11, 2015 Zainab Morbiwala
tiffany store
Tiffany & Co.'s Sales -5%, Profit -17% in 1Q
Tiffany & Co.'s revenue fell 4.9 percent year on year to $962.4 million in the first quarter that ended on April 30. Same-store sales fell 7 percent. Cost of sales declined 6.9 percent to $393.4 million and...
Financial-Legal May 27, 2015 Jeff Miller
India Jewelry Consumer
CRISIL Notes 48% of Investment Grade Gem Firms are Clear of Economic Stress
India's gems and jewelry sector is not the industry that is most vulnerable to the economic issues plaguing the country, according to CRISIL's ''State of the Nation'' report. CRISIL defined the sources of economic stress as including...
Financial-Legal Sep 11, 2013 Jeff Miller
ASSOCHAM Forecasts a Stronger Rupee Ahead
The U.S. dollar is likely to drop below INR 50 in less than three months and then stabilize due to a host of policy reforms in India, the return of foreign institutional investors (FIIs) to the Indian stock market and...
Financial-Legal Sep 28, 2012 Dilipp S Nag
Reserve Bank of India
RBI Relaxes Rules for Exporters on Converting Forex to Rupee
The Reserve Bank of India (RBI) backtracked somewhat on guidelines for exporters, currency exchange traders and authorized dealer category banks on converting foreign currency held in Exchange Earner's Foreign Currency (EEFC) accounts into rupee...
Financial-Legal Aug 02, 2012 Dilipp S Nag
Economists Expect Short-Term Rupee Stability
The Indian rupee is not expected to fall further in the short term, according to a majority ‎of economists surveyed by the Confederation of Indian Industry (CII). However, the ‎group expects the currency to maintain its current rate...
Financial-Legal Jul 23, 2012 Dilipp S Nag
CRISIL Urges Govt. Policy Change to Revive Rupee
The Indian government needs to implement a series of policy changes to revive the ‎rupee, CRISIL said.‎ The research company stressed that the currency, which has lost about 25 percent in ‎value in the past year against...
Financial-Legal Jul 04, 2012 Dilipp S Nag
ASSOCHAM Survey Suggests Ways to Support Rupee
Internal country demand for investments and increased remittances by Indian expatriates are immediate solutions to problems facing the Indian economy in the form of a depreciating rupee against the dollar under the impact of capital outflows...
Financial-Legal May 14, 2012 Dilipp S Nag
RBI Demands Exporters Convert 50% of Forex to Rupee
The Reserve Bank of India (RBI) directed exporters to convert 50 percent of their foreign currency held in Exchange Earner's Foreign Currency (EEFC) account into rupee within a fortnight. The central bank's move is aimed at curbing the...
Financial-Legal May 10, 2012 Dilipp S Nag
Diamond Sector May See a Slow First Half
The diamond industry could see a slow and challenging first half this year with rough and polished prices remaining fragile as well as volatile, and dependent upon growth from consumers in Asia and the...
Rough Markets Jan 20, 2012 Dilipp S Nag
CRISIL Research
Corporate India's EBITDA Margin to Fall in 3Q
Corporate India is expected to report a 200 basis point decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) in the third-quarter of fiscal 2012, which ends on December 31 in India, CRISIL Research warned. EBITDA margins are...
Financial-Legal Dec 30, 2011 Dilipp S Nag
Rupee May Weaken Further, Says ASSOCHAM
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) stated that amid rising oil imports and external debt, the rupee to dollar exchange rate could reach the levels of INR 55.10 by March 2012...
Financial-Legal Nov 25, 2011 Dilipp S Nag
Stronger Dollar Impacts Diamonds Financed in Rupee
The recent sharp depreciation of the Indian rupee may weigh heavily on diamond purchases this wedding season as diamond prices in rupee terms rise and consumer confidence diminishes.However, industry officials said that the weaker rupee, which hit an all-time low of INR 52.73 against the U.S....
Financial-Legal Nov 23, 2011 Dilipp S Nag
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