Wholesaler Boycotts Retailers Selling Lab Growns
A high-end jewelry wholesaler in New York says it will no longer supply retailers who sell lab growns.
Arazi says it will terminate its asset/memo support program for businesses carrying or promoting lab growns immediately,...
India’s Q2 Gold Jewellery Demand Declines Amid High Prices
India has witnessed a notable decrease in gold jewellery demand in the second quarter of 2024, according to the World Gold Council (WGC). India’s Q2 gold jewellery demand fell by 17% to 106.5 tonnes,...
IIGJ Jaipur Conducts First Convocation, 19 Students Awarded Degrees
The Indian Institute of Gems and Jewellery (IIGJ) Jaipur celebrated its first convocation on 26th July, with 19 students from the inaugural batch receiving their degrees. The ceremony was graced by the presence of...
Aditya Birla Group Unveils Rs. 5,000 Crore Jewellery Brand ‘Indriya’
Aditya Birla Group made a grand entry into the branded jewellery retail segment on 26th July with the launch of 'Indriya', a venture backed by a substantial investment of Rs. 5,000 crore. The new...
World Gold Council Study: US Elections Drive Gold Demand and Price Fluctuations
The World Gold Council’s latest report, titled “Ballots to Bullion: Examining the US Election’s Effect on Gold,” delves into the relationship between US presidential elections and gold prices. Historically, gold has often been viewed...
Kering Sees Double-Digit Jewellery Sales Growth Amidst Challenging Market
Luxury conglomerate Kering reported a challenging first half of 2024, with group revenue declining by 11% to €9.01 billion. The company attributed the downturn to a difficult market environment that impacted both top-line growth...
Tiffany’s $305,000 ‘Bird on a Rock’ Watch
Tiffany has launched one of its most complex watches to date, inspired by the company's emblematic Bird on a Rock.
The white gold Bird on a Flying Tourbillon costs $305,000 and is being produced in...
Huge Budget Boost for India’s Diamond Industry
India's diamond industry welcomed a raft of measures announced in today's budget (23 July) which will encourage direct diamond sales from foreign mining companies and reduce tax on key raw materials.
Finance Minister Nirmala Sitharaman...
Richemont Jewellery Sales Rise Despite Overall Slowdown
Richemont, the Swiss luxury goods giant, reported resilient sales for the Q1 that ended 30th June. However, the overall growth was modest due to challenging comparisons from the prior year and a slowdown in...
De Beers Rough Production Down 15%
De Beers reported a 15 per cent drop in its global diamond production in Q2, as demand remained weak for yet another quarter.
The H1 figure (16.5m carats) is down 19 per cent on the...
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