CATEGORIES

GJEPC's IIJS Tritiya: A Grand Showcase of Indian Jewellery Excellence

The latest edition of IIJS Tritiya surpassed its predecessor in scale and sophistication, boasting a staggering 900 exhibitors and 1,900 stalls spread across 40,000 square meters. Serving as an expansive marketplace, it facilitated crucial connections and collaborations for industry players, drawing over 15,000 pre-registered visitors from 500 cities in India and 60 countries, which emphasizes its global importance.

Venus Jewel ETHICAL SOURCING, RESPONSIBLE MANUFACTURING AT THE CORE OF VENUS JEWEL

Venus Jewel began its journey with a vision to revolutionize the industry, and took the bold step of becoming the first to specialize in premium size natural diamond manufacturing in India. This pioneering approach has allowed the company to differentiate itself from competitors, and cater to a unique market segment

GemGenève BUDDING DESIGNERS TO WATCH OUT FOR AT GEMGENEVE

Visitors to GemGenève's forthcoming edition, between May 9 and May 12, 2024, at Palexpo Hall 1, should not miss the amazing space known as the Designer Village. Bringing together rising stars of the gem and jewellery industry, the Village offers an uplifting overview of some of the most promising talents

Russian Diamond Imports ROUGH DIAMOND IMPORT DOWN BY 8% OWING TO G7-EU BAN: GJEPC

The phased ban on the import of Russian diamonds imposed by the G7 nations and the EU has thrown the global industry out of gear - India is particularly concerned as the livelihood of millions of people might be impacted. Vipul Shah, Chairman, GJEPC, talks to Suneeta Kaul about the steps that are being taken to address the challenges and mitigate the situation

THE NEW JEWEL IN TOWN: LAB-GROWN DIAMOND JEWELLERY TAKES CENTRE STAGE

Lab-grown diamond jewellery is not a fad. While many Indian retailers choose to be circumspect about jewellery laden with labgrown diamonds, which are chemically, optically and physically identical to natural diamonds, there is most definitely a revolution happening in this space, driven by demand backed by sheer affordability

Guinness World Records Recognizes Largest Tanzanite Sculpture

On March 9, 2024, a momentous occasion took place at the Rice Northwest Museum of Rocks & Minerals in Hillsboro, Oregon, marking a historic milestone in the world of gemstones.

Signet Jewelers Reports 6.3% Decline in Q4

Signet Jewelers reported a 6.3% decline in total sales to $2.5 billion during the quarter that ended February 3, 2024. Same-store sales were down 9.6%, compared to the previous year.

GIA Opens New Lab in Dubai

Gemological Institute of America (GIA) opened a new, state-of-the-art diamond grading laboratory, GIA Laboratory DMCC (Dubai Multi Commodities Centre) in Dubai on February 19, 2024.

WFDB Concludes Annual Presidents' Meeting in Shanghai

The World Federation of Diamond Bourses (WFDB) concluded its annual Presidents’ Meeting for 2024, held in Shanghai, China.

GJEPC Presents 50th India Gem & Jewellery Awards to Export Leaders

The Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 50th India Gem & Jewellery Awards (IGJA, to exporters.

WDC Fixes Sept 21 as Deadline for Revised System of Warranties

The World Diamond Council’s revised System of Warranties is set to reach its first critical deadline on September 21, 2024.

Gemfields Profit Falls 86% on Cancelled Auction

Colour gemstones miner Gemfields has reported an 86% drop in pre-tax profit for 2023, due partly to the cancellation of a high-quality emerald auction in November, a lower number of carats sold and a write-down in its platinum group metals investments.

Okavango Diamond Company Joins NDC as Newest Member

NDC has welcomed its newest member, the Okavango Diamond Company (ODC), into its fold. This government-owned entity, focused on marketing rough natural diamonds, joined the ranks of industry leaders such as De Beers and other responsible mining enterprises.

Stargems Group Acquires the Koffiefontein Diamond Mine in South Africa

Stargems Group, based in Dubai, has acquired the Koffiefontein diamond mine in South Africa from Petra Diamonds, marking its third such acquisition in the country.

Lucara Diamond Corp. Discovers Large Diamonds at Karowe Mine in Botswana

Lucara Diamond Corp. recently announced the discovery of several significant rough diamonds from its latest production cycle at the Karowe mine in Botswana, with the largest standout weighing an impressive 320 carats.

Top Jewellery Trends You Can Anticipate This Year

Jewellery trends are not hard and fast - nor do they last for an appreciable period of time. But even so, there are some fads that become popular and show up in online searches as well as actual purchases. Here we take a look at the kind of jewellery that will be popular in the year 2024

PM inaugurates Mega Common Facility Centre at SEEPZ

Prime Minister Narendra Modi recently inaugurated (virtually) the commencement of the Bharat Ratnam Mega Common Facilitation Centre (CFC) in Mumbai’s SEEPZ Special Economic Zone, reiterating the Government’s support to the gem and jewellery sector. CFC is a flagship initiative promoted by the Ministry of Commerce and Industry, the Gem and Jewellery Export Promotion Council (GJEPC) of India, and the SEEPZ SEZ authority to drive exports.

Fabergé Celebrates 'The Year of the Dragon' with Game of Thrones-Inspired High Jewellery Collection

Fabergé, in partnership with Warner Bros. Discovery Global Consumer Products, celebrated the Lunar New Year, Year of the Dragon, with a dazzling high jewellery collection, ‘Chapter One: Dragon’, inspired by the HBO series Game of Thrones. Continuing its collaboration with WBDGCP, the Fabergé x Game of Thrones High Jewellery collection has been developed in partnership with Michele Clapton, the Emmy® and BAFTA® winning Costume Designer for Game of Thrones. These high jewellery creations are pieces of history in the making, set to delight fans, fusing Fabergé’s artistic ingenuity with the fantastical world of one of the most popular television shows.

Rio Tinto Dazzles in Europe with its Finest Pink, Red and Yellow Diamonds

Rio Tinto’s inaugural Beyond Rare Tender collection of rare pink, red, and yellow diamonds was showcased to an exclusive group of international connoisseurs, collectors, and luxury jewellers in Geneva and Antwerp.

Christie's Asia Luxury Sales Record $277 mn in 2023

In 2023, Christie’s Asia luxury sales reached a running total of US$277 million.

Surge in Rough Diamond Imports Persists Despite Supply Freeze in India

Despite a temporary halt in imports to address inventory concerns, India experienced a surge in rough diamond imports during October.

Leadership Shift at De Beers: Prager and Perry Depart, Tom Johnson Appointed General Counsel

De Beers Group announced that David Prager, Executive Vice President and Chief Brand Officer, and Ryan Perry, Acting Executive Vice President of Strategy & Innovation, have decided to leave De Beers in 2024.

De Beers, Botswana Government Spotlight Sustainable Development at Diamond Summit

Exploring the theme “Sustainability: People, Product and Planet”, the Natural Diamond Summit brought together leaders from Botswana’s government, its diamond sector and the wider international diamond industry to discuss the critical role natural diamonds play in driving sustainable development for producer countries. It also sought to deliver a call to action to the industry to unite on sustainability priorities for shared benefits.

UAE Commences Chairmanship of UN's Kimberley Process for 2024, Pledging a 'Year of Delivery'

The United Arab Emirates (UAE) has officially commenced its chairmanship of the Kimberley Process (KP), a crucial United Nations initiative aimed at preventing conflict diamonds from entering the mainstream rough diamond market. Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, has taken on the role of Chair of the Kimberley Process for the second time, following the UAE’s chairmanship in 2016.

Sarine Tech announces initial delivery of Sarine Auto Scan Plus

Singapore Exchange Mainboard (SGX) and Tel-Aviv (TASE)-listed Sarine Technologies Ltd, a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, has announced growing demand from rough miners and wholesalers, and the initial delivery of the highly efficient and productive rough diamond parcels registration system, Sarine AutoScan™ Plus, serving as the gateway to the Sarine Diamond Journey™ traceability programme.

'THE ICONICS' EXQUISITE HIGH JEWELLERY COLLECTION FROM BEAUVINCE JEWELLERY

To mark the holiday season, Beauvince has come out with a collection that features the radiant beauty of yellow and white diamonds alongside vibrant emeralds and rubies. Aptly named The Iconics, the collection is all set to live up to its name

JJS-IJ Design Awards 2023 20 winners announced in a grand ceremony

The JJS-IJ Design Awards is an annual ritual, with the Who's Who of the jewellery industry converging in Jaipur to attend the prestigious event. This year, as many as 20 winners won much-coveted awards in various categories

JJS 2023 JJS 2023 was all about increased footfalls, commerce and optimism

The 21st edition of JJS was held from December 22 to December 25, 2023, at the Novotel Jaipur Convention Centre. Focussing on both the B2B and B2C segments, the show was a great success -- more than one thousand retailers participated in it with great enthusiasm, and over 50,000 visitors marked their attendance

Surat Diamond Bourse A NEW BEACON IN THE DIAMOND INDUSTRY

The SDB, spread over 35.5 acres of land, with nine towers and 4,500 offices is set to generate 1.5 lakh jobs and help achieve the Government's export targets for the gem and jewellery sector

McKinsey & BoF THE STATE OF FASHION 2024

Looking toward 2024, the most prominent sentiment among fashion industry leaders is uncertainty, reflecting the prospect of subdued economic growth, persistent inflation, and weak consumer confidence. Against this backdrop, businesses will be challenged to identify pockets of value and unlock new drivers of performance