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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.

India's Polished Diamond Exports -28% in October

Author: Avi Krawitz - Published 22-11-2012 20:37 - (676 Reads)
India’s polished diamond exports fell 28 percent year on year to $1.339 billion in October ‎‎2012, according to the Gem & Jewellery Export Promotion Council (GJEPC). By ‎volume, polished exports declined 27 percent to 2.834 million carats as the average price ‎of the exports dropped 2 percent to $472.57 per carat.‎

14 Afghans trained in diamond grading, jewellery management in India

Author: News Desk - Published 22-11-2012 20:34 - (1029 Reads)
Resource-rich Afghanistan has been devastated by prolonged war. Its unique traditions of Islamic art and architecture, from tile work to calligraphy and embroidery, have also been badly affected.Recently, 14 artists from Afghanistan representing Turquoise Mountain Foundation were in India for a two-month-long course on diamond grading and jewellery management at the Delhi Gem Laboratory.

Don't change conflict diamond definition

Author: Melvyn Thomas - Published 22-11-2012 19:28 - (1279 Reads)
SURAT: Despite majority Kimberley Process (KP) committee members, which includes India, not endorsing the change to the definition of conflict diamonds, further calls made by the chair of KP, Ambassador Gillian Milovanovic to update the definition has not gone down well with the Indian diamond industry.

Gjepc To Host 2nd Indo-Russian Jewellery Summit In Mumbai

Author: Unnamed Reporter - Published 18-11-2012 13:02 - (1314 Reads)
The Gem and Jewellery Export Promotion Council (GJEPC), in collaboration with the Moscow Diamond Bourse (MDB), is organizing the second edition of the Indo-Russian Jewellery Summit, a networking platform for Indian jewelry manufacturers and their Russian counterparts intended to spur business opportunities and trade growth between these two countries.

India, Russia to Hold Jewelry Summit in Mumbai

Author: Dilipp S Nag - Published 18-11-2012 12:27 - (797 Reads)
The second edition of the Indo–Russian Jewellery Summit will begin on October 29, 2012 in Mumbai with a goal to boost trade ties between Indian jewelry manufacturers and their Russian counterparts

EC wants ban on traditional couriers during Gujarat polls

Author: Unnamed Reporter - Published 14-11-2012 22:52 - (1475 Reads)
The Election Commission of India (EC) wants to stamp out money transfers within Gujarat and also into the state from overseas during the forthcoming assembly polls through traditional, informal couriers or angadias and through official channels such as banks.

Citing Mahatma Gandhi during World Diamond Congress address, WDC President Eli Izhakoff calls for ‘commerce with morality’

Author: Unnamed Reporter - Published 14-11-2012 22:50 - (3432 Reads)
Focusing on the theme of change, Eli Izhakoff, President of the World Diamond Council, has addressed the opening of the World Diamond Congress today in Mumbai, India. In his speech, he supported the principle of expanding the definition of “conflict diamonds,” but emphasized that, whatever definition is applied, it must meet he ability of participants to implement the Kimberley Process Certification Scheme effectively, and be directly associated with the trade in rough diamonds.

India May Find New Diamond Market in Pakistan

Author: Unnamed Reporter - Published 14-11-2012 22:47 - (951 Reads)
As the Indian diamond industry seeks to find new avenues of growth, it may soon look with increasing frequency to its neighbor to the northwest, Pakistan, Business Standard reports. Although the two nuclear powers have often traded barbs and even bullets in the Kashmir region that abuts both countries, the flow of polished diamonds may soon create economic opportunities for cross-border trade.
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