Diamonds are still forever, but gems are catching up

Author: Nidhi Nath Srinivas - Published 16-02-2013 11:47
NEW DELHI: The colour is returning to the bling, and chances are that the new stones will remain a girl's best friend forever. From the Duchess of Cambridge - ever noticed her engagement ring? - and the Hollywood Alisters on Oscar night to the jewellery showrooms of Hong Kong and Zaveri Bazaar, rubies and emeralds are making a strong comeback in jewellery fashion as women bored with the white world of diamonds fall in love with coloured stones. Well, the diamond vs gem is a debate as old as the rocks. So just why are they back in the spotlight? As with all other fashion, the answer lies in the frothy mix of consumer desire, celebrity, and savvy marketing.

India Seeks Special Diamond Trade Zone, Financing

Author: Unnamed Reporter - Published 14-02-2013 21:35
A special task force on India's diamond trade is recommending the establishment of a special trade zone for the industry and a refinancing fund for local diamond companies, India's Financial Chronicle reports. The goal of the proposals is to turn India, which is already the world center for diamond cutting and polishing, into a world center for diamond trading, as well.

Gold futures down at Rs 30,581 per 10 gm

Author: Unnamed Reporter - Published 14-02-2013 20:42
Gold futures on the Multi Commodity Exchange opened lower at Rs 30,581 per 10 grams on Tuesday against the previous close of Rs 30,640.

India Gem & Jewelry Exports Down 17% to $38.3 Billion

Author: Vinod Kuriyan - Published 12-02-2013 11:42
The total exports of gem and jewelry from India in fiscal 2012-13 are expected to be $38.3 billion. This is a 17 percent decline compared with exports of $46.4 billion in fiscal 2011-12. The Indian fiscal year runs from April to March of the following year.

India 2013 Gem, Jewelry Exports Likely +15% on Year -Trade Executive

Author: Dow Jones - Published 12-02-2013 10:53
India's gem and jewelry exports are expected to turn around this year with a 15% growth after falling about 17% in 2012, as overseas customers step up purchases of silver and diamond-studded gold jewelry, a senior industry executive said Tuesday.

India free to invest in diamonds: Mpofu

Author: Unnamed Reporter - Published 12-02-2013 10:29
MINES and Mining Development minister Obert Mpofu says Indian investors are free to invest in the local diamond mining industry as part of developments that can deepen relations between the two countries.

Provide investment options to curb gold imports: RBI panel

Author: Unnamed Reporter - Published 09-02-2013 11:26
MUMBAI: The Reserve Bank of India (RBI) Wednesday called for reducing India's current account deficit (CAD) and said the government must take steps to curb gold imports and design innovative financial instruments to ensure real returns.

India’s Gem & Jewelry Lobby

Author: Unnamed Reporter - Published 09-02-2013 11:07
RAPAPORT... The recent proposals made by the Gem and Jewellery Export Promotion Council ‎‎(GJEPC) for the 2013-2014 Union Budget are a step in the right direction but are not far-‎reaching enough. One hopes the government will give the recommendations sufficient ‎consideration as it makes its final adjustments ahead of finance minister P. ‎Chidambaram’s budget speech on February 28.‎

Gems, jewellery exports of India seen up 15% in 2013

Author: Unnamed Reporter - Published 09-02-2013 11:02
Import of rough diamonds has shown a healthy increase leading to higher manufacturing and thereby exports.India's gem and jewellery export industry is hoping for a 15% rise in overseas sales in calendar year 2013 with silver providing a major impetus, industry officials said on Tuesday.

World Gold Council appoints new MD for India operations

Author: Unnamed Reporter - Published 07-02-2013 20:48
MUMBAI, FEB 6: World Gold Council has appointed Somasundaram P.R. as Managing Director, India. His appointment is with effect from January 1, 2013.To be based in Mumbai, the new MD will be responsible for leading the World Gold Council’s activities across the Indian market.
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