Diamond industry of Surat witnesses sudden spurt in demand

Author: SUTANUKA GHOSAL & MADHVI SALLY - Published 03-09-2012 12:02
After a lull of almost two months, the diamond industry of Surat is witnessing a sudden spurt in demand. Importers from the US, UAE, China and Europe have started placing orders with the Indian diamond trade. The industry hopes that September will be a better month. But Gem and Jewellery Export Promotion Council (GJEPC) feels that even though there is a positive swing, diamond exports in the current fiscal will be less by 15-20 per cent compared to FY12.

Indian Gems and Jewellery Market Forecast to 2013

Author: sheetal - Published 31-08-2012 12:28
India possesses world’s most competitive gems and jewellery market due to its low cost of production and availability of skilled labor. As per our new research report “Indian Gems and Jewellery Market Forecast to 2013”, highly skilled and low cost manpower, along with strong government support in the form of incentives and establishment of SEZs, have been the major drivers for the Indian gems and jewellery market. Presently, although, Indian market is highly fragmented, it is rapidly transforming into an organized sector.

Economists Expect Short-Term Rupee Stability

Author: sheetal - Published 25-07-2012 13:55
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.‎

35th World Diamond Congress to be held October 14-17, 2012

Author: sheetal - Published 25-07-2012 13:31
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).

29th HKTDC Hong Kong International Jewellery Show unfolds with decent optimism

Author: Diamond World News Service - Published 17-02-2012 14:28
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.

China to overtake India as top gold market: World Gold Council

Author: Unnamed Reporter - Published 16-02-2012 14:01
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.

Richemont: Luxury Jewelry, Watch Business Fundamentals "Sound"

Author: John Revill - Published 10-02-2012 14:06
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.
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