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Tag "coronavirus pandemic"

Polished diamond export from Surat rose 41% in Dec

Polished diamond export from Surat rose 41% in Dec 0 Updated

🕔12:06, 18.Jan 2021

The coronavirus pandemic and the disruption in the supply chain dimmed the glitter of the world’s largest diamond cutting and polishing centre in Surat. However, Christmas has come as a silver lining for the diamond industry. According to the figures

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Only 10% jewellers opt for certification, finding hallmarked gold jewellery for weddings gets difficult: Report

Only 10% jewellers opt for certification, finding hallmarked gold jewellery for weddings gets difficult: Report 0

🕔10:31, 12.Jan 2021

Only 30,000 jewellers of 300,000 jewellers in the country have opted for hallmark gold, which will likely make gold ornaments and jewellery scarce for families ahead of the summer wedding season. The low number comes even after the Centre extended the

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Covid chaos, high prices push India’s 2020 gold imports to lowest since 2009

Covid chaos, high prices push India’s 2020 gold imports to lowest since 2009 0

🕔15:00, 6.Jan 2021

New Delhi: India’s gold imports in 2020 slumped to the lowest in more than a decade as the coronavirus pandemic battered demand and logistics, while higher prices kept buyers in the second-largest consuming nation on the sidelines. Overseas purchases fell to

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Gold jewellery sales down 80 per cent in Hong Kong this year as Covid-19 puts paid to weddings, birthday parties

Gold jewellery sales down 80 per cent in Hong Kong this year as Covid-19 puts paid to weddings, birthday parties 0 Updated

🕔18:25, 30.Dec 2020

Gold jewellery sales in Hong Kong fell by almost 80 per cent this year as the Covid-19 pandemic spoiled countless wedding parties and other celebrations, according to an industry estimate. As disappointed couples were forced to cancel their wedding festivities,

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India’s diamond hub Surat abuzz after prolonged lull

India’s diamond hub Surat abuzz after prolonged lull 0

🕔12:30, 30.Dec 2020

While a majority of sectors have been negatively impacted by the coronavirus pandemic, raw diamond cutting and polishing units in and around Surat city of Gujarat are abuzz with activities after a prolonged lull. Media reports say that India is the

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Gold jewellery demand to decline 35 per cent in FY21: Icra

Gold jewellery demand to decline 35 per cent in FY21: Icra 0

🕔13:40, 30.Nov 2020

MUMBAI: Gold jewellery demand is expected to contract by 35 per cent in volume terms this fiscal, hit by the coronavirus pandemic and high prices, according to a report. The demand is likely to see a rebound in the second half of this financial

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Jewellery exhibitions to boost demand: GJEPC

Jewellery exhibitions to boost demand: GJEPC 0 Updated

🕔12:09, 28.Oct 2020

SURAT: For the first time, the Gems and Jewellery Export Promotion Council (GJEPC) has organized three virtual buyer-sellers meets (VBSM) in November. It is all geared up for the diamond-studded jewellery VBSM from November 25-28. Diamantaires from Surat and Mumbai

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Demand in US leads to 40% jump in lab-grown diamond exports in Aug

Demand in US leads to 40% jump in lab-grown diamond exports in Aug 0

🕔14:40, 28.Sep 2020

Surat: It seems the coronavirus pandemic has not dimmed the liking of the diamond connoisseurs in Uncle Sam’s land. At a time when the export of polished diamonds from India has dipped phenomenally, the exports of lab-grown polished diamonds has

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Surat: Diamond exports up, near pre-Covid level

Surat: Diamond exports up, near pre-Covid level 0

🕔12:09, 23.Sep 2020

Industry experts stated that the polished diamond exports have recovered due to the increase in the demand from the US, the UK and China. Starting from October, the exports are all set to match the previous year’s figures, believe experts.

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Majority of retailers expect festive season biz to be down by 25 per cent: Report

Majority of retailers expect festive season biz to be down by 25 per cent: Report 0

🕔12:00, 23.Sep 2020

The survey, which was conducted online with organisations with over Rs 500 crore revenue, and took responses of more than 100 CXOs (top management officials), found that “60 per cent expect festive seasons to go down by 25 per cent

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