NEWS

Second Seminar on Demonetization in Surat

Second Seminar on Demonetization in Surat

Surat: The Gem & Jewellery Export Promotion Council (GJEPC), Surat organised a seminar on ‘Demonetization and Opportunities for G & J Sector’ on Jan 3, 2017. The seminar, which was the second on the theme held by GJEPC in the city, saw a large turnout of diamantaires, especially many of the smaller manufacturers who are facing problems as a result of the recent policy change.


ICEX to Introducing Diamond Futures

ICEX to Introducing Diamond Futures

Mumbai: The Indian Commodity Exchange (ICEX) is set to launch trading of diamond futures with a view to helping the industry hedge against wild fluctuations in polished prices.


Kalyan Jewellers to Expand with Rs. 500 Crore in ’17

Kalyan Jewellers to Expand with Rs. 500 Crore in ’17

Thrissur: Kalyan Jewellers, India’s leading and trusted jewellery brand will continue to invest in enhancing its presence in the domestic and international markets in 2017. Kalyan Jewellers which launched 17 showrooms in 2016, plans to invest over Rs. 500 crore in 2017 towards its network expansion to open 15 new showrooms.


Google to Introduce Two Smartwatches

Google to Introduce Two Smartwatches

New York: Google has confirmed it will launch two flagship smartwatches next year, which will be the first to run Android 2.0.


Synthetic Diamonds May Replace GPS

Synthetic Diamonds May Replace GPS

London: Lab-grown red diamonds with an atomic defect could one day replace GPS systems thanks to their remarkable sensitivity to magnetic waves, according to scientists at Element Six which is majority owned by De Beers.


Mediterranean Gem Conference in Italy in May 2017

Mediterranean Gem Conference in Italy in May 2017

Syracuse: International diamond experts and ALROSA will discuss coloured diamonds during a Mediterranean Gem Conference, which will be held in Syracuse, Italy on May 11-14, 2017.


Slow Tourism Affected Hong Kong Jewellery Sales

Slow Tourism Affected Hong Kong Jewellery Sales

Hong Kong: Retail sales of jewellery and other luxury items in Hong Kong slumped in November as tourist arrivals continue to dwindle.


Diamond Trade in Israel Slows During 2016

Diamond Trade in Israel Slows During 2016

Ramat Gan: Israel’s polished diamond exports declined in 2016 even as sentiment improved in December.


Shanghai Gold Exchange Caps Transaction Size

Shanghai Gold Exchange Caps Transaction Size

Shanghai: Late last week, the Shanghai Gold Exchange (SGE), now the world's largest exchange for physical trading in bullion, announced a cap on the amount of gold that can be traded in one single transaction. The order, which became effective on January 1, 2017, limits the size of one single transaction in pure gold to 500 kg, down from the 1,000 kg that was permitted earlier.

Guillaume Cerutti to be CEO of Christie’s

Guillaume Cerutti to be CEO of Christie’s

New York: Christie’s Chief Operating Officer (CEO) Patricia Barbizet passed on the baton to Guillaume Cerutti on January 1, 2017. The - impending - changeover was announced in a press statement last month.


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