International Market A BOOM or a Bane?
Diamond World|March - April 2021
Will diamond businesses emerge at the top after the pandemic dies down? Diamond businesses across the globe have had a tough year and challenges aplenty. They share some vital insights and details about embracing technology, consumer sentiment and the way forward, with Gunjan Jain
Gunjan Jain
International Market A BOOM or a Bane?

It has been a little more than a year since the pandemic. Most countries are still manoeuvring through the challenges posed by the pandemic. The jewelry industry has been through a rollercoaster ride but has done way better than other realms of luxury. The situation today is far from better and diamond businesses, from all over the world have been affected by the pandemic. According to Chirag Shah, founder, Anita Diamonds Antwerp, “In the beginning of the pandemic we had predicted certain aspects of the business, all of which turned out quite true. We were prepared and so we quickly tackled the challenges. We did the SWOT analysis (strengths, weaknesses, opportunities, and threats analysis) especially considering all the limitations due to Covid - 19. We adapted promptly to social changes, governmental initiatives, economic repercussions, competitive and market changes.”

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

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.

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4 minutos  |
March - April 2024
Venus Jewel ETHICAL SOURCING, RESPONSIBLE MANUFACTURING AT THE CORE OF VENUS JEWEL
Diamond World

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

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GemGenève BUDDING DESIGNERS TO WATCH OUT FOR AT GEMGENEVE
Diamond World

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

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3 minutos  |
March - April 2024
Russian Diamond Imports ROUGH DIAMOND IMPORT DOWN BY 8% OWING TO G7-EU BAN: GJEPC
Diamond World

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

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5 minutos  |
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THE NEW JEWEL IN TOWN: LAB-GROWN DIAMOND JEWELLERY TAKES CENTRE STAGE
Diamond World

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

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10+ minutos  |
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Guinness World Records Recognizes Largest Tanzanite Sculpture
Diamond World

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.

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1 min  |
March - April 2024
Signet Jewelers Reports 6.3% Decline in Q4
Diamond World

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.

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1 min  |
March - April 2024
GIA Opens New Lab in Dubai
Diamond World

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.

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1 min  |
March - April 2024
WFDB Concludes Annual Presidents' Meeting in Shanghai
Diamond World

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.

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1 min  |
March - April 2024
GJEPC Presents 50th India Gem & Jewellery Awards to Export Leaders
Diamond World

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.

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1 min  |
March - April 2024