Author name: JNI

Russian rough diamond exports to India climbed by more than a fifth during the first six months of the G7 sanctions, reaching 4.1 million carats. Total sales increased by 22.23 percent from January to June 2024, according to the Indian Ministry of Commerce and Industry. However, revenue plummeted 15.22%, from $614 million to $520 million, […]

The US economy appears to have avoided a recession, according to National Retail Federation (NRF) Chief Economist Jack Kleinhenz, as it slows but continues to grow and inflation falls as the Federal Reserve prepares to decrease interest rates. “The U.S. economy is clearly not in a recession nor is it likely to head into a

On September 1, Gem Diamonds reported the discovery of a 122.20-carat Type II white diamond at its Letšeng mine in Lesotho. Gem Diamonds has retrieved 11 diamonds weighing more than 100 carats this year. Gem Diamonds owns 70% of the Letšeng mine, which produces superb white diamonds and is the world’s greatest dollar-per-carat kimberlite diamond

The International Colored Gemstone Association’s (ICA) humanitarian project, Gems Keep Giving (GKG), has been reorganized, with a new board and head. GKG is a non-profit organization that assists artisanal colored gemstone mining and cutting groups. Hayley Henning (Chair), Damien Cody, Clement Sabbagh, Ruth Benjamin-Thomas, Brian Cook, Rocco Gay, Cecilia Gardner, Robert Weldon, and Henry Ho

The new laws now apply to diamonds weighing 0.5 carats or more, lowering the previous limit of 1 carat. For years, De Beers has ensured diamond traceability through its Best Practice Principles and Pipeline Integrity standards. These programs give verifiable verification of the provenance of De Beers diamonds, allowing its customers to comply with the

P N Gadgil Jewellers Ltd. announced their initial public offering today. The fresh issue size of equity shares with a face value of Rs 10 apiece totals up to Rs 850 crore.The offer for sale consists of equity shares with face values of Rs 10 each, totaling up to Rs 50 crore. The entire offer

As the countdown to the 2024 CIBJO Congress in Shanghai continues, the third pre-Congress Special Report has been issued. The CIBJO Precious Metals Commission, led by Vaishali Banerjee, Managing Director of PGI India, prepared the study, which provides a comprehensive review of the gold, platinum, palladium, and silver markets during the last year. According to

This collection not only reimagines some of the Maison’s most classic designs, but it also pays tribute to the brand’s historical love of this precious metal. Bvlgari distinguished itself in the 1950s, when most jewellers went toward platinum with the emergence of Art Deco, by making striking use of yellow gold. This unique decision became

GJEPC presented its fourth Global Market Insight webinar, which looked at the possibilities for growth in the Gulf Cooperation Council (GCC) market. The event, conducted on September 3rd, offered expert views from Ashish Sakhardande, Head of IJEX, India Jewellery Expo. Dr. Rashmi Arora, GJEPC’s Assistant Director and Economist, moderated the webinar. Sakhardande provides excellent insights

GJEPC, in collaboration with the National Academy of Customs, Indirect Taxes, and Narcotics (NACIN), Zonal Campus Jaipur, successfully conducted a Prevention of Money Laundering Act (PMLA) training program for Dealers in Precious Metals and Precious Stones (DPMS) on September 4, 2024. The program, which took place at the NACIN Conference Hall, featured insightful sessions by