The Indian rupee is not expected to fall further in the short-term, according to a majority ‎of economists surveyed by the Confederation of Indian Industry (CII). However, the ‎group expects the currency to maintain its current rate of INR 53 to INR 55 against $1 in the long run.‎

The 35th World Diamond Congress, the joint biennial meeting of the International Diamond Manufacturers Association (IDMA) and the World Federation of Diamond Bourses (WFDB), will be held in Mumbai, India, from October 14 to 17. The event is being organized and hosted by the Gems & Jewellery Export Promotion Council (GJEPC) and the Bharat Diamond Bourse (BDB).

The 29th HKTDC Hong Kong International Jewellery Show unfolded on 16th February with a record number of exhibitors – over 3,100 exhibitors from 48 countries and exhibitors from Argentina, Denmark and Myanmar showcasing for the first time.

Demand for gold jewelry in India fell in the second half of 2011 because of the weakening rupee, which made gold more expensive. China is poised to overtake India to become the world's biggest gold market this year as rising incomes fuel demand for the precious metal, an industry group said Thursday.

The amount of gold bought in China rose 20 percent in 2011 over the year before to 770 metric tons, the World Gold Council said in its annual report. That put China behind only first-place India, where 933 metric tons were bought.

Luxury group Compagnie Financiere Richemont SA (CFR.VX) said Friday it believes the fundamentals of the luxury jewelry and watch-making business are "sound," after diamond miner De Beers SA said it expected lower demand for diamonds this year.

De Beers, the world's largest producer of rough diamonds, said Friday it expects 2012 to be uncertain and wouldn't see a repeat of the price and consumption growth in the first months of 2011.

According to guidelines in this regard, once a person is found indulging in such activities during the period after being bound by police, he or she shall be liable for re-arrest without any registration of case.

Titan Industries shares slipped over 4% on Wednesday after the watch and jewellery maker reported little lower-than-expected 19% year-on-year rise in third quarter net profit and margins also disappointed investors.

BlueStone.com, an online portal for jewelry and accessories, makes its debut in the Indian jewelry market. The venture has attracted an initial investment of $5 mn from VC firm Accel Partners and Pearson Education Services. The portal offers jewelry, accessories, and gemstones.

The smuggling ring worked this way: Companies with ties to India would typically buy diamonds from India and send them to Hong Kong, and then instruct Hong Kong citizens or Chinese to carry the diamonds illegally, without declaring them at customs, to Shenzhen, where they were marketed to buyers, said a trader identified as Soni Amitkumar Arunkumar in a confession that is part of a judgement by the Intermediate People’s Court of Shenzhen City.