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Rising rough prices hit diamond polishing units20-NOV-09
Prices have increased 25-30 per cent since March this year.
Rising gold may force jewellers to cut inventories15-NOV-09
Prevailing high domestic gold prices were expected to compel jewellers to restrict imports and release their gold stocks until March to keep the market well supplied during the ongoing wedding season, traders and dealers said.
Rosy Blue rules the world of glitter08-NOV-09
Cycling around Surat in the mid-1960s, Dilip Mehta, a gangly teenager learning the ropes of the diamond trade, had little inkling of the globe-trotting road that the stones would take him on. It would be a fairy-tale-like journey that would see this college drop-out from Mumbai appointed a Baron by the king of a faraway country called Belgium. But this was no fairy tale.
US economic recovery cheers Indian jewellery exporters31-OCT-09
The economic recovery in the US, the largest single market for gems and jewellery exports, has given a new lease of life to Indian diamond processors, who estimate a 25-30 per cent spurt in shipment during the largest sales season of the year - Christmas and New Year. The two coming occasions contribute about 40 per cent of annual jewellery sales.
Aus diamond major Rio Tinto sets up plant in MP29-OCT-09
Australian diamond major Rio Tinto has set up a diamond sample processing plant at Bunder in Chhattarpur district. The company, which is likely to invest Rs 2,500 crore in diamond exploration, faced some difficulty this year in various clearances. The reports reaching here have also said that the locals shouted slogans against the company in protest against the recent incidents of attacks on Indians in Australia.
Much to Explore in the City of Diamonds - Antwerp28-OCT-09
Antwerp, Belgium’s second largest city is also its most hip. Always creative - in the 16th and 17th century, it was the great masters such as Rubens and Anthony Van Dyck; in the 20th and 21st centuries, its fashion designers like the world-famous Antwerp Six. There is much to do of a cultural nature, but the city is also well worth a visit for its excellent restaurants, bars and clubs, as well as for its shopping.
Rio Tinto announces winning bids for the world's most precious diamonds26-OCT-09
Unprecedented interest across all major markets.
Glitter's back: Gems, jewellery exports rise22-OCT-09
Christmas season has brought the glitter back to Indian gems and jewellery units, with the precious metals exports turning positive in September for the first time after 11 months.
Jewellery exports shine on global economic recovery21-OCT-09
The signs of global economic recovery have given new life to the Indian diamond processing industry, with export orders rising sharply by 20 per cent for execution on the occasion of Christmas and New Year.
Kanani Industries Q2 net dips 66.43%16-OCT-09
Total income declined to Rs 21.69 crore in the quarter under review, against Rs 23.12 crore for the same period last year, Kanani Industries said in a filing to the Bombay Stock Exchange.
Rio Tinto to be lead sponsor of new Indian diamond jewellery promotion initiative14-OCT-09
Rio Tinto is delighted to announce its support as lead sponsor to the new and innovative India Diamond Jewelry Promotion campaign (IDJP).
Russian Alrosa in talks with India cos to sell rough diamonds09-OCT-09
Leading Russian diamond firm Alrosa is talking to Indian companies for long-term contracts to supply the precious stone as India seeks preferential allocation of rough diamonds to companies like MMTC and Diamond India.
Bafna jewellers opens Rs 70 crore showroom in Nashik07-OCT-09
Jalgaon based R C Bafna Jewellers has opened its third showroom in Nashik. According to sources, the investment in Nashik’s showroom is estimated at around Rs. 70 crore.
Suashish Diamonds soars for second day06-OCT-09
The stock soared 11% to Rs 281. The counter clocked comparatively heavy volumes of 202,73 shares as against the two-week daily average trade of 1,121 shares on the BSE.
Lessons of diamond industry should be taught at IIM-A: Study06-OCT-09
A study conducted by the Indian Institute of Management, Ahmedabad (IIM-A) has said that it is time for the premier B-school to study from the Indian diamond industry, lessons "of its rise, recession and recovery".
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