Rough Emeralds

Gemfields’ Biggest Investor Makes Buyout Offer

London--Gemfields biggest investor has made an unsolicited offer to buy out the remaining shares of the company but the miner’s board said it has advised shareholders not to take action yet. London-based private equity firm...
De beers

De Beers to Launch Auctions of Polished Diamonds Manufactured From Its Own Rough

De Beers Group announced yesterday that its Auction Sales business “will pilot the sale of its own polished diamonds using auctions for the first time”. The stones sold through this channel will be manufactured...
Jewels An emerald diamond and platinum plaque clip brooch French

Block Party: Jackie Collins’ Outstanding Jewelry Collection Goes on Sale This Week at Bonhams

As a teenager, I devoured Jackie Collins novels like cupcakes. Chances. Lucky. Hollywood Wives. Despite my proximity to Hollywood (I grew up in the San Fernando Valley, about 30 minutes north of the famous...
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India International Jewellery Week to be held from July 24-27 , 2017

The Gem & Jewellery Export Promotion Council (GJEPC) has announced that it will be holding the seventh edition of the India International Jewellery Week (IIJW) from July 24 to July 27, 2017. The GJEPC has...
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2nd India SAARC-Middle East Buyer Seller Meet (BSM) 2017 at Delhi from May 14-16

Thirty eight Indian jewellery manufacturers will interact with 70 international visitors from the SAARC and Middle East regions at the 2nd India SAARC-Middle East Buyer Seller Meet (BSM) 2017 which is being held in...

Walk the Line: Tiered Drop Earrings

In the continuing discussion of statement pieces, here’s another style to take stock of—the drop earring. Not just any drop earring, really. This one features tiers—sometimes graduated, sometimes not—dangling in a straight, swinging line....
GJEPC representatives recently made a presentation on issues related to the G&J trade between India and ASEAN countries before a Department Related Parliamentary Standing Committee on Commerce, putting forward recommendations on tariffs and other related matters. After giving an overview of the growth of the Indian industry and its contribution to the country’s export basket as well as a snapshot of India’s trade in the sector with Singapore, Malaysia, Indonesia and Vietnam, the GJEPC representatives put forward the industry viewpoint. They stressed that India was supplying cut and polished diamonds to jewellery manufacturers in the region and hence during Indo-ASEAN CECA negotiations, granting of tariff concession should only be on Cut and Polished Diamonds (ITC HS Code – 710229, 710239) which will benefit the country in the long run. Further, they pointed out that the proposed Value Addition under CECA should be reduced from 35% to 10% of the FOB value of the export of diamonds from India as these diamonds are used as a raw material in the manufacture of studded jewellery. GJEPC said that strict compliance of achieving the prescribed Value Addition should be ensured at the ports while any import is taking place. The Council also emphasised that any tariff rebate on imports of plain and studded precious metal jewellery could be hazardous for the entire Indian jewellery segment as it could lead to flooding of precious metal plain jewellery from Indonesia and Malaysia. It recommended that the CVD on jewellery imports should not be brought down. The Council was represented at the meeting by Dr. Jitarani Udgata and Sudhir Patil.

GJEPC Makes Presentation on Indo-ASEAN G&J Sector to Parliamentary Committe

GJEPC representatives recently made a presentation on issues related to the G&J trade between India and ASEAN countries before a Department Related Parliamentary Standing Committee on Commerce, putting forward recommendations on tariffs and other...

Drop Earrings and Diamonds Delight at 2016 Emmys

Our favorite looks from the red carpet The 68th Primetime Emmy Awards on Sept. 18 were a showcase of television’s best talent—and of designers’ best jewels. This year, dresses were bright and diamonds were white....
GJEPC Chairman

GJEPC Calls for Multi-Stakeholder Cooordination on R&D for Detection of Synthetic Diamonds.

The Gem & Jewellery Export Promotion Council (GJEPC) has called upon all industry stakeholders to develop a co-ordinated approach against the undisclosed mixing of synthetic diamonds with natural diamonds. This will ensure fair trade...

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LVMH Appoints Jean-Christophe Babin to Lead Watches Division

LVMH has announced the appointment of Jean-Christophe Babin as the new CEO of its prestigious watches division. Babin, a seasoned veteran in the watches...
Swarovski Reports Return to Profit and Surge in Lab-Grown Diamond Sales

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Swarovski has made a strong comeback, returning to profitability after five years of setbacks. The Austrian luxury brand, known for its iconic crystals and...
Trump's Tariffs: A Looming Crisis for India's Diamond and Jewelry Exports

Trump’s Tariffs: A Looming Crisis for India’s Diamond and Jewelry Exports

India is on high alert as the U.S. prepares to potentially raise tariffs, threatening to worsen the already fragile state of the country's diamond...
India Poised to Become the World’s Fastest-Growing Consumer Hub Angel One Report

India Poised to Become the World’s Fastest-Growing Consumer Hub: Angel One Report

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De Beers Unveils New Initiatives to Boost Natural Diamond Appeal in India

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De Beers Group has introduced a fresh initiative in India aimed at promoting natural diamonds to a younger audience. The ‘Second Ear Piercing Ritual’...
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