Posted on:
01 Aug 2020
Diamonds seem to be losing their shine, as Covid19-induced economic downslide has brought the demand for the shining rock down to nil.
Diamond industry is grappling with several issues: labour proble...
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Posted on:
25 Jul 2020
India’s passion for gems and jewellery has over the years ensured that this country emerges as a prominent globally renowned diamond trading hub.
The pandemic however, has created unforeseen hindranc...
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Posted on:
18 Jul 2020
Both De Beers and ALROSA, both of whom control diamond production in the world have had dismal 2nd quarter results. Coronavirus has literally robbed the diamond industry of its shine, both of their co...
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Posted on:
11 Jul 2020
Diamond industry is reeling under several pressures mostly owing to the Covid-19 lockdown. Economic pressures, Covid-19 induced restrictions, health worries – resulting labour crisis and more, add to ...
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Posted on:
04 Jul 2020
As diamond manufacturing units in Surat are now shutting down again, due to Covid, India has decided to continue its ban on rough imports.%%
Jewellery stores are witnessing bleak diamond demand. C...
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Posted on:
27 Jun 2020
The rise in Covid-19 cases is troubling. Katagram area in Surat is the new hotspot. Within the industry we are hearing about people who have been infected. In Surat alone, 300 positive cases have been...
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Posted on:
20 Jun 2020
These past few weeks have been particularly trying for diamond business owners across India. As showrooms were allowed to open in some parts of India, and the nearly 60-day lockdown was being graduall...
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Posted on:
13 Jun 2020
With the lockdown making its impact on logistics and import-export of diamonds, world’s diamond producers are facing the problem of surplus production. India's gemstones craftsmen are out of work most...
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Posted on:
30 May 2020
In a post lockdown world, one where every business owner is hard pressed to book more profits, trying to do good over the business lost during the lockdown, the world is going to see tougher competiti...
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Posted on:
23 May 2020
India just went into lockdown 4.0, with many jewellery stores reopening after a 60 day hiatus. The dilemma of what’s more important - economic viability or safety of people’s lives has been a tough o...
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Posted on:
16 May 2020
Thousands of job workers fleeing to their home towns. Around 40-50 percent of the workforce, especially in the production side are bound to lose their jobs. Diamond companies which once employed over ...
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Posted on:
09 May 2020
After much speculation, Baselworld 2021 has been cancelled. We are still not sure about what the MCH group has in mind for the future. Is this the end of the show? Only time will tell.%%
Meanwhile...
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Posted on:
02 May 2020
If the recent online auction of the much coveted Tutti Frutti bracelet that fetched $1.34 million proves anything, it is the fact that affluent buyers are still smitten by jewels of extraordinary prov...
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