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
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
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
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,
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
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
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
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
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.
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
