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India's gems & jewellery exports plunge by 11.7% in Apr-Sept period

Author: Unnamed Reporter - Published 27-11-2012 21:28 - (962 Reads)
India's gems and jewellery exports slipped to 11.7% to $19.90 billion during the April- September period as slower economic growth in the developed nations impacted the demand, said Gems and Jewellery Export Promotion Council (GJEPC).

Gems and jewellery make up for 17% of India's overall exports. The industry employs 1.5 million workers.

Diamond trade expected to witness strong growth in next few months

Author: Songbedna Bauri - Published 25-11-2012 19:50 - (659 Reads)
Although, September did not prove to be a fruitful month for polished diamond trade as India registered over 30% decline as compared to the same month last year, but traders are hopeful that the industry will gain good growth momentum in the coming few months.

Online jewellery cos hope to double sales this Diwali

Author: Unnamed Reporter - Published 25-11-2012 19:47 - (1405 Reads)
As online shopping is becoming very popular with people due to changing lifestyle, e-commerce companies in jewellery segment expecting to witness a sale increase of almost two-folds during this Diwali season.

Direct diamond exports from India to Pakistan will encourage trade sentiment between two nations'

Author: Prerna Mishra - Published 25-11-2012 19:43 - (953 Reads)
Backing the probable direct diamond exports from India to Pakistan, Dineshbhai Navadiya, president of Surat Diamond Association, said that the move will definitely encourage the Indian diamond exporters as it will open a new market for the traders.

India clocks rise in gold smuggling

Author: Songbedna Bauri - Published 23-11-2012 22:40 - (1031 Reads)
India has witnessed sudden rise in the smuggle of precious yellow metal this financial year 2012-13 with Centre imposing 4% import duty on gold. Reports suggest that the gold worth Rs 942 crore has been seized after it was found to be smuggled within first two months of FY13.

Gems and jewellery exports fell 20% in October

Author: Unnamed Reporter - Published 23-11-2012 22:38 - (1664 Reads)
Gems and jewellery exports slipped 20% to $2.7 billion during October on poor demand in global markets, as per the data provided by Gems and Jewellery Export Promotion Council (GJEPC).

Jewellery demand to get boosted by wedding, festival season

Author: Unnamed Reporter - Published 23-11-2012 22:35 - (1002 Reads)
With the commencement of wedding and festival season, the second half of the 2012 may place jewellery sales back on track and also take the annual gold demand to about 800-and-odd tonnes this year, stated Vipin Sharma, Director (Jewellery), World Gold Council.

Indian diamond fetches record price

Author: Unnamed Reporter - Published 22-11-2012 20:50 - (674 Reads)
Geneva: The flawless “Archduke Joseph” diamond, from India’s famous Golconda mines, broke several world records when it was sold at auction in Geneva late on November 13 for $21.47 million (16.9 million euros). The price which the 76 carat jewel fetched at the Christie’s sale is a record for the auction of a clear, colorless diamond.

Diamond jewellers expect good biz in H2

Author: Sutanuka Ghosal & Madhvi Sally - Published 22-11-2012 20:43 - (838 Reads)
KOLKATA/AHMEDABAD: Diamond jewellers are expecting a better performance in the second half of FY13 as there is an improved demand from the domestic market and a surge in orders from the overseas markets.A depressed export market in the first half of the current financial year had forced the diamond industry to shift its attention to the domestic market, which has started paying off and indications are that the festive season demand may go up substantially.

India Training Fledgling Afghani Diamond Industry

Author: Unnamed Reporter - Published 22-11-2012 20:38 - (855 Reads)
Though artisans and craftspeople in Afghanistan have suffered in recent years from the toll taken by border wars and internecine fighting, nearby India is attempting to help the country's fledgling diamond industry get on its feet. Fourteen Afghani artists have just completed two months at the Delhi Gem Laboratory studying diamond grading and jewelry management, Newstrack India reports.
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