The Diamond Producers Association (DPA) launched an expanded offering of educational assets available to the jewelry trade at JCK Las Vegas, adding to the already robust set of materials available on the DPA trade portal.
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The leading jewellery event in North America, JCK Las Vegas witnessed India Pavilion organized by Gem & Jewellery Export Promotion Council (GJEPC) for the 16 th consecutive year. This year, 40 gem and jewellery exporters participating at the “India Pavilion” are showcasing a wide variety of trendy, unique and innovative jewellery made
especially for the US market. The India Pavilion is located at JCK’s Passport & Diamond Plaza.
Actions for GJEPC organises India pavilion for the 16th consecutive year with 40 leading gem & jewellery players
GIA (Gemological Institute of America) added natural colored diamonds to the GIA Diamond Origin Report Service on May 24. The innovative service, announced on March 28, scientifically matches faceted D-to-Z and now natural colored diamonds to their original rough to confirm the gem’s country of origin.
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Las Vegas show opens with hopes it will uplift diamond market. Jewelers taking more on memo and using tech in their stores to tap online supply and improve consumer buying experience. Polished suppliers left with large volumes and low profit margins. Rough market slow. India’s customs unreasonably tightens disclosure rules for rough imports. India April polished exports -18% to $1.6B, rough imports -5% to $1.4B. Christie’s Hong Kong sells $45M (77% by lot) with cushion, 3.43 ct., fancy-vivid-purplish-pink, IF diamond fetching $7.5M ($2.2M/ct.). Rapaport to host annual Las Vegas conference on Sunday, June 2, at 8 a.m.
The auction resulted in revenue of $10.2 million. The company sold 120 stones with total weight of 1,940 carats, including two large diamonds weighing more than 50 carats each. Firms from Israel, Belgium, India, the US, UAE, Russia and Hong Kong were among the participants.
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Exports of cut and polished diamonds from India dropped by 17.64% year-on-year during the month of April 2019, while gold jewellery (plain and studded) exports rose by 11.41% y-o-y during the same month, according to provisional data released by Gem & Jewellery Export Promotion Council (GJEPC).
Actions for India’s jewellery exports up in April, but polished exports decline: GJEPC