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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
Diamond merchants examine diamonds on the streets
India’s Gem, Jewelry Exports Show Recovery
India’s international trade in gems and jewelry improved in November as the government and the industry pulled together to weather this year’s unprecedented crisis, according to the country’s Gem & Jewellery Export Promotion Council (GJEPC).The...
Polished Markets Dec 08, 2020 Rapaport News
Alrosa Catoca mine 600
India, Angola Eye Closer Trade Ties
Diamond-industry leaders in India and Angola are discussing ways of deepening their trade relations as the African country seeks export destinations for its expanding rough production.Representatives from both nations held a virtual meeting last...
Mining Dec 06, 2020 Rapaport News
Rough diamonds TAGS
Rough Demand Strong at Trans Atlantic Tender
Trans Atlantic Gem Sales (TAGS) sold “almost 100%” of the goods on offer at a rough tender in Dubai earlier this month as buyers showed optimism ahead of the holidays, the company reported.The group, which sells diamonds...
Rough Markets Nov 29, 2020 Rapaport News
Jewelry at store in Delhi, India
Diwali Sales Shine as ‘Bored’ Consumers Return
Jewelry sales in India beat expectations during the Diwali season amid a release of pent-up demand and strong consumer confidence about future gold prices.Revenues were on a par with last year, or better, as Indians returned to shopping...
Retail Nov 26, 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 rough diamonds
De Beers Lets Sightholders Defer Smaller Goods
De Beers is allowing customers to defer purchases of smaller rough at this week’s sight, as reduced manufacturing capacity in India has slashed demand.Sightholders can refuse to buy fancies, makeables and sawables up to 0.75 carats, and instead make the...
Rough Markets Nov 02, 2020 Joshua Freedman
Titan
Titan Hopeful for Diwali as Sales Recover
Titan Company, India’s largest jewelry retailer, gave an optimistic outlook for the upcoming Diwali holiday season after resurgent gold demand boosted revenue during the second fiscal quarter.Consumer sentiment improved in the three...
Retail Nov 01, 2020 Rapaport News
Diamond merchants Surat India 2015
India Trade Lobbies for Lower Taxes
The Indian diamond industry has urged the government to cut taxes and lift red tape ahead of the country’s annual Union Budget, arguing that exports could double under the right conditions.The Gem...
Financial-Legal Nov 01, 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
Bharat Diamond Bourse
Drop in India’s Exports Eases Further
India’s polished-diamond exports declined 20% in September — a more moderate fall than the country had experienced in previous months. Rough imports rose 16% as De Beers and Alrosa started selling in large quantities again.India Trade Data...
Polished Markets Oct 15, 2020 Rapaport News
Rough diamonds
India Allows Importers to Fix Errors on KP Certs
The Indian government has permitted rough-diamond importers to correct errors on Kimberley Process (KP) certificates, removing an obstacle that had been preventing the clearance of goods.The country’s Directorate General of Foreign Trade has empowered the...
Rough Markets Oct 01, 2020 Rapaport News
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
Ana de Armas NDC
Bond Actress Revealed as New Face of Diamonds
The Natural Diamond Council (NDC) has unveiled actress Ana de Armas as the star of its first celebrity campaign, which will debut at next week’s Emmy Awards.De Armas recently received a Golden Globe nomination for...
Marketing Sep 16, 2020 Rapaport News
Bharat Diamond Bourse
India Trading Still Down, but Decline Eases
India’s polished-diamond exports fell 26% year on year to $1.22 billion in August, a gentler decline than in previous months, as overseas jewelry demand improved, the country’s Gem & Jewellery Export Promotion Council (GJEPC) reported.“We have...
Polished Markets Sep 15, 2020 Rapaport News
Petra Diamonds Petra 424.89 carat and 209 carat
Petra Diamonds Adds 2% Levy for Indian Clients
Petra Diamonds will charge Indian customers an additional 2% to cover a new e-commerce tax that might apply to the miner’s rough sales.India introduced the equalization levy on April 1, taxing all overseas e-commerce operators’ sales of goods...
Rough Markets Aug 26, 2020 Joshua Freedman
De Beers Rough
India Calls for Inventory Caution
India’s major trade body has again urged members to avoid taking on unsellable diamond inventory, arguing that the industry’s recent improvement has been only partial.While polished demand is increasing and some categories are...
Rough Markets Aug 26, 2020 Rapaport News
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