NEWS
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
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
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
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
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
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
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.
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
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.
Direct Flight for Brussels from Mumbai
Brussels: The Brussels Airlines now
connects Mumbai Chhatrapati Shivaji Airport to Brussels Airport with a direct
flight. The first flight SN602 from Mumbai was inaugurated by a ribbon and cake
cutting ceremony. The Brussels Airlines’ inaugural flight SN601 landed at
Mumbai’s Chhatrapati Shivaji Airport on March 30 offering 5 weekly services.
UAE Taskforce Reaffirms Commitment to KP
Dubai: The UAE continues its deep
commitment and involvement in the Kimberley Process (KP), following its tenure
as KP Chair in 2016, bringing UAE KP Taskforce members to a meeting at the
Almas Tower where the Dubai Diamond Exchange is based, the Dubai Multi
Commodities Centre (DMCC) said