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India’s Polished Exports Fall Again

Author: unknown - Published 28-07-2020 13:47
India’s diamond shipments continued to fall in June, albeit at a slower rate than in April and May as the coronavirus crisis eased in some of its export markets. Polished exports slumped 47% to $898 million for June, and dropped 53% to $5.28 billion for the first half of the year, according to data from the Gem & Jewellery Export Promotion Council and Rapaport calculations.

How IBM And GIA Are Advancing Diamond Grading Using AI

Author: Amit Chowdhry - Published 28-07-2020 13:01
The research arm of IBM (NYSE: IBM) and the GIA (Gemological Institute of America) — the world’s leading independent diamond identification and grading authority — have announced a partnership to develop an advanced artificial intelligence system designed to advance diamond clarity grading.

Petra Diamonds full-year revenues drop 36%, Covid-19 weighs

Author: Helen Reid - Published 23-07-2020 13:50
Petra Diamonds shares fell on Thursday after it reported selling 23% fewer diamond carats for 36% less revenue in the year to June 30 as the COVID-19 pandemic dealt a fresh blow to a struggling diamond industry.

Gold imports plunge, but it’s a good news for India

Author: unknown - Published 03-07-2020 13:59
The decline in gold imports has helped in narrowing the country's trade deficit, difference between imports and exports, to USD 9.91 billion during the period, against USD 30.7 billion a year ago.

Will focus on promoting ease of doing business in gems, jewellery sector: GJEPC new chairman

Author: unknown - Published 03-07-2020 13:27
New Delhi : Newly appointed Gem and Jewellery Export Promotion Council (GJEPC) Chairman Colin Shah on Thursday said he will focus on promoting ease of doing business for the sector as it would help in pushing manufacturing and exports both. He said issues like reducing paperwork and simplifying procedures for export and import would help this labour-intensive sector, especially during the post-coronavirus times.

28-Carat diamond sets new online auction record

Author: Erene Oberholzer - Published 03-07-2020 13:08
A 28.86-carat D-color diamond recently sold for $2.1 million (that’s about R35 million) setting a record for a jewel sold at an online-only auction.

It’s said that the VVS1 clarity gem was the top lot at Christie’s Jewels Online sale, held from 16 to 30 June 2020.

Do not expect a sharp jump in gold jewellery demand: World Gold Council MD

Author: unknown - Published 01-07-2020 13:29
Actually it will be very difficult to say. First of all, we do not forecast prices but everything that affects gold prices today definitely shows that this is not a normal thing. So we should expect things to be volatile but the trend is obviously looking up. But we really do not forecast prices.

IIJS Premiere rescheduled to Jan 2021: GJEPC

Author: unknown - Published 30-06-2020 14:33
Gem and Jewellery Export Promotion Council (GJEPC) on Tuesday said the annual India International Jewellery Show-Premiere has been rescheduled to January 2021 due to COVID-19 pandemic.
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