CRISIL analysis show India's diamond exports could shrink by a fifth to $19 billion by end of FY21

Author: Sutanuka Ghosal - Published 06-03-2020 14:14
An analysis by CRISILNSE -1.52 % shows that India’s diamond exports could shrink by a fifth to $19 billion by the end of fiscal 2021, from $24 billion in fiscal 2019, as the novel coronavirus outbreak amplifies sluggishness in global demand.

Austin private jeweler selling largest lab-grown diamond ring in the world

Author: Chelsea Moreno - Published 05-03-2020 14:25
An Austin private jeweler is selling the largest lab-grown diamond ring in the world.

“I figured if there’s a buyer for it, it’s in Austin ’cause the technology has Austin written all over it,” said Matt O’Desky, owner and founder of The Diamond Room.

GIA Calls Off New York Career Fair

Author: unknown - Published 05-03-2020 14:12
The Gemological Institute of America (GIA) has canceled next week’s career event in New York due to the coronavirus.

World Gold Council to introduce code of conduct for Indian jewellery retailers

Author: Shobha roy - Published 04-03-2020 15:48
The World Gold Council (WGC) is looking to put in place a prescribed set of principles, or a code of conduct, called the Retail Gold Investment Principles, for the retail jewellery sector in India. The move is expected to bring in much needed transparency in the sector, which has been facing severe perception issues following reported incidents of fraud by some companies.

Letšeng Mine Yields 114ct. Rough

Author: unknown - Published 04-03-2020 14:19
Gem Diamonds has recovered a white diamond weighing 114 carats at its Letšeng mine in Lesotho, the second stone over 100 carats the miner has found this year, it said Tuesday.

Alrosa steps up efforts to brighten fluorescent diamond sales

Author: Cecilia Jamasmie - Published 02-03-2020 14:22
Russia’s Alrosa (MCX:ALRS), the world’s top diamond miner by volume, is betting on a new strategy to boost its sales amid an industry-wide slowdown that has hit small companies the hardest.

Gold prices today fall for fourth day in a row, silver rates slump

Author: Surajit Dasgupta - Published 28-02-2020 13:07
Gold prices today fell in Indian markets, extending their fall to the fourth day. . On MCX, gold April gold futures fell 0.17% to ₹42,314 per 10 gram, tracking an advance in global rates. Silver futures on MCX slumped over 2% or ₹1,100 per kg to ₹45,527. From Monday's record high level of ₹43,788 gold prices in India have come off about ₹1,500 per 10 gram amid some profit-taking and decline in global rates from higher levels.
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