The Big 3: Sapphires, Emeralds and Rubies at Christie’s

Across the Globe at Christie’s this July!

Fine Jewels to hammer on 8 July at Paris |

Worldwide, Christie’s Jewels announces the global sales calendar for June & July 2020 to include live and online auctions in all major sale sites spanning Geneva, Hong Kong, London, New York, and Paris. Here are the Paris auction’s information. (Sooner, rest will be featured here.)

Grand Prix 2020 Open entries

Geneva. Swiss and international watch brands are invited to enter the 2020 edition of the GPHG, via a new digital platform. The cut-off date for entries is July 31, 2020. The GPHG Academy created at the start of 2020 and uniting 350 industry stakeholders has kicked off this 20th edition by proposing several hundred models for the competition.

The Academy's proposals are currently being submitted to the watch brands concerned, which can decide whether or not to confirm the participation of the proposed watches and also enter other watches of their choice in the competition. In addition, all brands may choose to enter the competition spontaneously via the dedicated platform.

Exports under Turant Customs

CBIC Enables End to End Paperless

Exports under Turant Customs

Shri Ajit Kumar, Chairman, Central Board of Indirect Taxes and Customs (CBIC) here yesterday unveiled a Secure QR coded Shipping Bill that would be electronically sent to exporters after the Customs allows export. This eliminates in one stroke the requirement of the exporters having to approach the Customs officers for proof of export.

ECLGS crosses Rs79Kcrores!

Disbursed around Rs 35K crore

Government Schemes for MSMEs & NBFCs creating significant impact - Sanctions under Emergency Credit Line Guarantee Scheme (ECLGS) cross Rs. 79,000 crore. This is indeed a good for gem & jewellery industry & trade as the industry & trade is formed MSMEs. Over 70% of the manufacturer & traders are fall in the MSMEs!

Numerous tailwinds and headwinds for gold

Gold expert, Suki Cooper analysed in his ink: Gold to Benefit from Quick COVID-19 Responses & said,  Gold has numerous potential tailwinds and headwinds this year, but governments’ “whatever it takes” approach to Covid-19 should be beneficial.

Gold has risen 34 percent since the end of last April, when it was at about US$1,275, and is one of the few commodities that has benefited from the current unpredictability seen in the markets. But while gold has hit record highs across consumer and producer currencies, the yellow metal is still below its peak US dollar value.

Silver jewellery India at low demand of 6%

Previously it was featured a global jewellery demand for the year, here is the Silver jewellery demand for the year of 2020.

Following a record high in 2018, Indian silver jewelry fabrication fell by 5% to 69.0Moz (2,148t) last year. However, the recent economic slowdown, erratic monsoons and the deepening liquidity crunch all hurt demand. This was most pronounced in the rural sector, which had been the bedrock of the rapid growth that the market had experienced over the last decade.

CIBJO Congress to be held in 2021

CIBJO Congress pushed in 2021

Deferred CIBJO Congress Rescheduled 2021

CIBJO, the World Jewellery Confederation, has announced that its annual congress, which this year was scheduled to have taken place in Dubai, UAE, October 5 to 7, will be postponed to 2021, as a result of the COVID-19 global pandemic.

The decision to postpone the congress was taken during a video conference of the CIBJO Board of Directors, following consultation with the Dubai Multi-Commodities Centre (DMCC), which was to have hosted the event.

IJL curtain to rise up in September

In a statement Reed Exhibitions, the Organisers of International Jewellery London said, Reed Exhibitions has announced that International Jewellery London, scheduled to take place at Alexandra Palace, London, from 13 to 15 September 2020 will be cancelled due to the ongoing Covid-19 pandemic.

Following UK government guidelines and comprehensive discussions with our customers, public health authorities and partner organisations, we do not believe that we are in a position to host a large scale gathering of the community in September without compromising the key valuable elements of IJL.

From today Colin Shah joins office-GJEPC!

Colin Shah takes over as Chairman and Vipul Shah

Elected as the Vice Chairman of

The Gem and Jewellery Export Promotion Council (GJEPC),

Handover ceremony on 23rd June, 2020

The Gem and Jewellery Export Promotion Council (GJEPC), apex body for gems and jewellery trade in India, under the aegis of Ministry of Commerce, Government of India, today announced the appointment of Colin Shah as the Chairman of GJEPC. Colin Shah will take charge as Chairman from the outgoing Chairman Pramod Kumar Agrawal. Also, Vipul Shah has been elected and appointed as the Vice Chairman of GJEPC.

Subir Diamonds with outlook Stable IND B rating

India Ratings and Research (Ind-Ra) has affirmed Subir Diamonds Pvt Ltd.’s (SDPL) Long-Term Issuer Rating at IND B. The Outlook is Stable.

The affirmation reflects SDPL’s continued small scale of operations with revenue declining to INR740 million, according to the provisional financials for FY20 (FY19:INR938 million). The revenue fell in FY20 due to a significant decline in demand in the last quarter due to the COVID-19 outbreak leading to decline export sales to China and European countries.