NEWS

Gold Imports Fall By 35.45% in Ahmedabad

Gold Imports Fall By 35.45% in Ahmedabad

Ahmedabad: Gold imports in Ahmedabad declined in April. According to data from the Ahmedabad Air Cargo Complex, gold imports in April fell by 35.45% from March. Last month, 7.39 metric tonnes of yellow material was imported against 11.45 metric tonnes in March; this despite the fact that gold jewellery market was buoyant owing to Akshaya Tritiya last week.


Registration for CIBJO Congress 2017 Now Open

Registration for CIBJO Congress 2017 Now Open

Milan: Registration for the 2017 congress of CIBJO, the World Jewellery Confederation, is now open. Delegates and other participants may register for the congress, as well as book hotel rooms, via a dedicated congress website located at:  http://www.cibjo.org/congress2017.


Platinum Jewelry Dominates Red Carpet at Met Gala

Platinum Jewelry Dominates Red Carpet at Met Gala

New York: The red carpet of Met Gala sizzled with the who’s who of Glamour industry wearing the rare and enduring platinum. The leading jewelry brands such as Harry Winston, Fred Leighton, and Neil Lane styled the top listed celebrities in the precious platinum.

US Economy Makes Slow Start to 2017

US Economy Makes Slow Start to 2017

New York: The American economy put in its slowest quarterly growth rate in three years in first three months of the year, increasing by an annualized 0.7 percent, according to the Commerce Department.


China Gives Swiss Watchmakers Timely Relief

China Gives Swiss Watchmakers Timely Relief

Beijing: The Swiss watch industry enjoyed its first month of growth in nearly two years during March, signaling a recovery in China’s and Hong Kong’s watch and jewelry markets.


Stellar Deal Combines Sierra Leone Diamond Mines

Stellar Deal Combines Sierra Leone Diamond Mines

Freetown: Stellar Diamonds has partnered with Octea Mining in a deal that will enable the two companies to combine their diamond mining operations in Sierra Leone.


Cartier Inks Online Deal with Net-A-Porter to Sell Watches

Cartier Inks Online Deal with Net-A-Porter to Sell Watches

New York: Luxury watch maker Cartier is allowing customers to buy a watch over the internet for the first time.


Kimberley Process Intersessional Kicks Off in Australia

Kimberley Process Intersessional Kicks Off in Australia

Perth: Australia’s term as Chair of the Kimberley Process (KP) kicked off on Monday at the KP Intersessional Meeting in Perth, which runs from May 1 – 4. The focus of this year’s meeting is the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process. According to a World Diamond Council (WDC) press release, the WDC held an Observers Forum alongside the KP meeting, where WDC members, African Diamond Producers Association and civil society partners (CSC, DDI) met to discuss their common goals and joint efforts to promote further evolution of the KPCS and improve its efficiency.


GST Fear Grips Gem Exporters

GST Fear Grips Gem Exporters

Mumbai: Political uncertainty in Europe coupled with the fear that the government will bring gem and jewellery exports and imports under GST are worrying exporters, even though the overall exports in FY17 have risen by 9.85% over FY16. In value terms, total exports of gem and jewellery stood at $43.15 billion in FY17 compared with $39.24 billion in FY16, reports Economic Times.


Kering Sees Robust Luxury, Jewellery Sales

Kering Sees Robust Luxury, Jewellery Sales

Paris: French luxury group Kering reported strong sales in the first quarter, driven by “outstanding growth” at its Gucci brand and good performances from its watch and jewellery businesses.


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