The Covid-19 pandemic has disrupted the brick and mortar business model of Indian gold retailers and has become a catalyst for online channels to boost sales, according to a World Gold Council…
Rio Tinto’s Q2 2020 diamond production declined 5% to 4.23 million carats on a year-on-year basis, but rose 23% compared with Q1 2020. At the Argyle mine in Australia, carat production was…
Alrosa, the world’s biggest diamond producer, said its Q2 2020 diamond production decreased 42% year-on-year to 5.7 million carats, while its H1 production declined 22% to 13.7 million carats, as production was…
The global gem and jewellery export market is valued at $629.06 billion of which India’s share is 6.2% or $31.45 billion. Of this, every year almost a quarter of India’s gem and…
De Beers Group announced the appointment of Sarah Kuijlaars as Chief Financial Officer, effective from 1st September. Sarah will join the De Beers Group Board and Executive Committee. Sarah was previously CFO…
Silver Promotion Service (SPS), a sister concern of the Silver Institute, a silver promotion body, announced the results of a US consumer research study showing pent-up demand for jewellery, as well as…
Investors have embraced gold in 2020 as a key portfolio hedging strategy, said the World Gold Council (WGC) in its latest report titled, Gold mid-year outlook 2020: Recovery paths and impact on…
The duty drawback rate on gold has been increased by 15.6% from Rs.372.9 per gm to Rs.431.1 per gm, which will enable exporters to get higher returns on duty and taxes that…
India’s overall gross exports of gems and jewellery during the first quarter of FY2020-21 (April-June 2020) showed a decline of about 55% to US$ 2746.64 million on a year-on-year basis, according to…
Sotheby’s flagship Hong Kong Magnificent Jewels auction on 10th July fetched a total of $56.4 million with two fancy heart-shaped diamonds taking centre stage. A 5.04-carat fancy vivid blue diamond ring, Type…