MULTIPLE FACTORS CONTRIBUTED TO THE GROWTH: Duty cut on gold to 7.5% encouraged imports through official channels Reduction in prices of gold is seen as an opportunity by investors as the current…

Hong Kong-based jeweller Luk Fook recorded a turnaround with overall same-store sales growth of 30% in Q4 that ended 31st March, 2021 due to the low base effect and reduced gold prices.…

Digital coloured gemstone trading platform Gembridge has appointed Shanghai-based gemstone dealer Chen Shen, a specialist in Colombian emeralds and a board member of the International Colored Gemstone Association (ICA), to expand its…

The Women’s Jewelry Association (WJA) Foundation is launching a Responsible Sourcing and Sustainability Education Fund in celebration of Earth Day on 22nd April, 2021. The fund will expand WJA Foundation’s reach by…

GJEPC held an open forum on 17th April to discuss the import duty till 25% as proposed by the USA Government on some categories of gems and jewellery imports from India. The…

Citing difficulties due to the Covid-19 pandemic and a lack of infrastructure, the All India Gem & Jewellery Domestic Council (GJC) has written to the Department of Consumer Affairs under the Union…

Gemological Science International (GSI) announced the opening of its newest laboratory in Jaipur, India. The Jaipur laboratory will offer all of GSI’s core services. It will also include a dedicated division specialising…

Alrosa, the biggest diamond producer, said Q1 2021 diamond production grew to 7.5 million carats (up 6% quarter-on-quarter and down 6% year-on-year), driven by increased ore and gravel processing. Diamond sales totalled…

Signet Jewelers has increased its fiscal 2022 first quarter and full-year guidance owing to stronger-than-expected conversion and average ticket values in the first quarter. It believes that this topline strength is likely…