First ever GJSCI Symposium is being scheduled for two days in 2020, in
Mumbai. According to the announcement, first ever ‘India Jewellery Excellence
Symposium’ -IJES to be held on 8th and 9th January, 2020. This was announced in
well organised press conference. During the press meet GJSCI’s Chairman Mr.
Sanjay Kothari, ED & CEO Mr. Rajeev Garg and Director Mr. Shishir Nevatia
were present along with Mr. Jitendra Mirwani, IJES Committee Member remained
GJSCI’s Chairman Mr. Sanjay Kothari said, “Santa Fe Symposium, which was
on peak for past 33 years has almost come to an end, I anticipate IJES to make
up the shortfall. IJES is a unique technical symposium being organized for the
very first time in India, featuring the leading international and Indian
Experts as speakers.
Diamond Company Limited continued to drive production and operational
efficiencies at the Mothae and Lulo mines in the December 2019 Quarter to
counter the decline in global rough diamond demand, which has impacted prices
and revenues for diamond producers.
2019 was a challenging year for all diamond producers in respect of sales
prices, the year ended on a more positive note with a turnaround in mid-stream
demand and prices - as evidenced in a number of rough diamond tenders and sales
- and strong holiday season jewellery sales in America.
Science International (GSI), one of the largest gemological organizations in
the world, is pleased to announce that its President and Co-Founder, Debbie
Azar, has launched a blog, In Depth with Debbie. An industry expert, Ms. Azar
will use the platform to share the knowledge she has acquired over her past 2
decades in the diamond industry. She is distinguished by her social demeanor,
passion for business, and her commitment to meeting customer and industry
Dubai Gold & Commodities Exchange (DGCX) announced that it broke its annual
volumes and Average Open Interest (AOI) records last year, making 2019 its most
successful year since launch. The Exchange traded 23.06 million contracts in
2019-beating its previous record of 22.26 million contracts traded in 2018-with
DGCX’s wholly-owned clearing house, the Dubai Commodities Clearing Corporation
(DCCC) clearing over USD 866 billion in notional value.
also recorded its highest yearly AOI in 2019 with 324,803 contracts, up from
284,736 contracts in 2018. Open interest refers to the total number of
outstanding contracts at the end of the trading day and is a strong indicator
of an Exchange’s success.
Jewels was founded in Italy under the banner of innovation and craftsmanship. A
studio-lab in the heart of Rome-where creations of rare beauty are generated as
the result of study and workmanship that is straddles the ancient school and
main players are rare pearls and engraving techniques with gold, diamonds and
other gems, timeless design, just like the priceless nature that it consists
Italian Exhibition Group (IEG), 2020 will open in Vicenza on 17th January under
the banner of strategies and actions to promote the gold-jewellery industry. In
agenda, two exhibition giants: VOJ - Vicenzaoro January. The Jewellery Boutique
Show and T-Gold, the international show for machinery and the most innovative
technologies applied to jewellery and precious metal processing, both
showcasing until the 22nd. But that’s not all.
business and innovation combination,” said IEG President, Lorenzo Cagnoni, “is
indispensable and every edition of our events are always further enriched. In
this case it will be with the brand new Vo Vintage event, an original
exhibition dedicated to vintage watches and jewellery with unique items and
some of the world’s most coveted rarities on display.
Gem & Jewellery Export Promotion Council (GJEPC) commences the New Year
with a significant initiative to add another layer of trust and credibility to Make
in India products, sold across the world! In a strategic initiative, GJEPC-Gem
Testing Laboratory (GTL), Jaipur, and global e-commerce company eBay signed
one-of-its-kind agreement for a certification program for eBay sellers.
the agreement, GJEPC-GTL now offers certification services to eBay sellers at a
nominal fee, specially arranged under this agreement, without compromising on
existing standards and protocols of testing. This will facilitate eBay sellers
to obtain authentic reports from GTL Jaipur before their gemstones are
delivered to their buyers.
trends have the highest potential to impact the industry in the near term, 1: rapid
growth of online sales channels, 2: increased marketing spending to support the
natural diamond industry, 3: Developments in lab-grown diamonds and 4: an
increased focuses on the environment and sustainability.
just 5% to 10%, the share of online diamond jewelry sales lags behind other
consumer products. However,
is accelerating, and major diamond jewelry retailers in the US and China
increased their online sales to 13% and 11%, respectively. Greater pricing
transparency and retail stock optimization caused by e-commerce will significantly affect demand
and pricing for polished diamonds.
to the latest Report, The Global Diamond Industry 2019 focuses on Diamond
jewelry retail. Further the report says, the global personal luxury goods
market, the bellwether of the diamond jewelry industry, experienced slower
growth in 2018 and 2019.
slump was caused by moderating global GDP growth, lower consumer confidence.
Global diamond jewelry retail posted 2% sales growth in 2018, but sales are
expected to decline by up to 2% in 2019, based on the results of the first
Global Diamond Industry 2019, the work was commissioned by AWDC and prepared by
Bain & Company and AWDC. It is based on secondary market research, analysis
of financial information available or provided to Bain & Company and AWDC,
and a range of interviews with customers, competitors and industry experts! Key
points of the Report are summarized as follow.
Short-term challenges caused mining and midstream revenues to shrink by 25% and
10%, respectively, in
Near record-high rough diamond production in the beginning of 2019 was followed
by lower-than expected demand for polished diamonds, causing a ripple effect
through the supply chain.
Showing 61 to 70 of 3448 (345 Pages)