Author name: JNI

De Beers Group announced the value of rough diamond sales for the first sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 1 represents the expected sales value for the period and remains subject to adjustment based on final completed sales. Al Cook, CEO, De Beers Group, said: “Solid consumer demand […]

According to the Gem & Jewellery (GJ) industry & trade wish list, the jewellery trade wishes to trade Ashoka Chakra Gold Coins. The Indian government has mandated MMTC Ltd for the coin. The Ashoka Chakra Gold coins launched by Honorable PM is a pride to our nation. The GJ fraternity wishes that the Government to

Recently, Tanishq, the largest jewelry retail brand in India under the Tata umbrella, has extended its presence in Ahmedabad, Gujarat by reopening its grand store. The inauguration ceremony was led by prominent Tanishq Business Partners in Gujarat, namely Jatin Parekh, Jayanti Patel, and Dharmesh Mehta. The store is situated in Ahmedabad. Covering an expansive area

Global silver demand is forecast to reach 1.2 billion ounces in 2024, which, if achieved would be the second-highest level recorded. Stronger industrial offtake is a principal catalyst for the rising global demand for the white metal, and the sector should hit a new annual high this year. For the short term, as an early

Daily wear/ fashion jewellery accounts for 45-50% of the market. Unlike the bridal segment, which is primarily 22-carat, daily wear products cover 22-, 18- and 14-carat. Even so, 22-carat remains dominant with more than 80% of the market, and 18- and 14-carat combined account for a 15-17% share, with both having increased over the last

The Gold Monetization Scheme (GMS) was introduced by the Honourable Prime Minster in 2015 to turn gold holdings into an earning asset by allowing residents to deposit physical gold-bars, coins or jewellery-into a Gold Savings Account. – The idea being to mobilize domestic gold to be channelized for productive use in the system. However, the

By sharing his view on imminent Union Budget, Suvankar Sen, MD & CEO, Senco Gold and Diamonds, said, An infrastructure boost by the Budget can ensure that raw materials are available at the most competitive prices. This can be possible if Gift City allows the international gold suppliers to supply to the Indian manufacturers at

Global jewellery demand slipped further, contracting by 5% year-on-year (-26 koz) to reach 455 koz. European demand eased by 1% in Q3’23 as double-digit losses for bridal jewellery continued (mainly the result of fewer weddings), while the high-end brands continued to see robust gains. Contacts were certain that demand from the latter was much stronger

Ahead of the Union Budget- Interim for the 2024-25, Colin Shah, MD, Kama Jewelry expressed his view and expectation under the heading of Expectations from the upcoming Budget! He said, “To be vocal for local, and to facilitate; Make in India and promote, Ease of doing business, the FinMin must look into amending the present

Today, at the juncture of Union Budget –Interim for the 2024-25, the GJC is presenting their wish list! Here, it is to note that the Budget has to consider the sentiment of the Gems & Jewellery sector is to allow EMI facility!  Currently, loans for purchase of jewellery is being treated as Personal Loans, where