Trade News

Signet Jewelers’ Q1 Sales of $1.7 Billion Surpasses Expectations (2021-06-12)

Signet Jewelers’ first-quarter sales exceeded its expectations as its new strategy was resonating with consumers and delivering higher conversion rates and growth both online and in stores. For the 13 weeks that ended 1st May, Signet's total sales were $1.7 billion, up 98.2% year over year, and up 96.4% on a constant currency Read More...

Strong Indian Rough Demand Lifts Alrosa Sales In May (2021-06-12)

Alrosa said steady Indian midstream demand in May had resulted in sales of rough and polished diamonds totaling $365 million, down 9% compared with April, but significantly higher than the $40.1 million recorded last year. The May sales total consisted of rough diamond sales of $346 million, and polished diamond sales of $19 mil Read More...

GJEPC’s Jaipur RO Organises Covid Vaccination Camp For 25,000 Artisans (2021-06-12)

At the request of the Gem & Jewellery Export Promotion Council (GJEPC), the Rajasthan State Government has started a Covid-19 vaccination programme on 9th June for the 25,000 workers employed by over 100 gems and jewellery manufacturing and export units in the Sitapura Industrial Area, Jaipur. The vaccination camp is intended Read More...

Kiran Gems Participates in Vaccination Drive (2021-06-11)

Dinesh Lakhani, Director - Kiran Gems with his team Kiran Gems Participates in the Vaccination Drive conducted by the Diamond Bourse. At Kiran, we initiated Covid-19 awareness digital campaign at the very start of the pandemic and since then we have Read More...

Bharat Diamond Bourse (BDB) Welcomes GJ Fraternity for Vaccination (2021-06-11)

World’s largest diamond bourse BDB welcomes GJEPC members, Lab Grown Council Members, Gold Manufacturers and GJ trade media for vaccination in its campus. Mr. Mehul Shah Vice President BDB said We are all together in this pandemic. We all are brothers. Although we have different categories then also we get together and work with Read More...

Lucara Finds 470-carat Diamond At Karowe Mine In Botswana (2021-06-11)

Canada-based miner Lucara Diamond Corp. recovered a 470-carat top light brown clivage diamond from its wholly owned Karowe diamond mine in Botswana. The diamond, measuring 49x42x26mm, represents the third +300-carat diamond recovered here to date in 2021. Year to date, Karowe has produced 10 diamonds greater than 100 carats including 6 Read More...

DITP: Aiming to drive growth of the gems and jewelry business via online channel (2021-06-11)

Department of International Trade Promotion (DITP) continues to expand success, gearing up for BGJF Virtual Trade Fair (The 66th Special Edition), aiming to drive growth of the gems and jewelry business via online channel Mr. Nantapong Chiralerspong, Deputy Director Gene Read More...

$5.07 Million Chrysler Diamond Tops Christie's NY $26.5 Million Sale (2021-06-11)

Christie’s New York auction of Magnificent Jewels on 8th June achieved a total of $26,559,250, selling 94% by value, and 87% by lot. The preceding Jewels Online sale from 20th May to 4th June additionally achieved a total of $3,485,125. Combined the two sales realised $30,044,375. The top lot of the sale was The Chrysler Diamo Read More...

LBMA Launches Version 9 Draft Of Responsible Gold Guidance (2021-06-10)

LBMA released the draft of Version 9 of the Responsible Gold Guidance (RGG), the document that underpins LBMA’s Responsible Sourcing Programme. LBMA is seeking constructive feedback on this document and has requested comments from trade members by 20th July. The current RGG launched in 2018, marked a major strategic expansion t Read More...

GJEPC To Organise International Gem & Jewellery Show (IGJS) In Dubai From 14th to 16th August 2021 (2021-06-09)

GJEPC, the apex body of gem and jewellery trade in India with the support of Govt. of India, is organising the inaugural International Gem & Jewellery Show (IGJS), an in-person exhibition, in Dubai from 14th to 16th August 2021. Colin Shah, Chairman, GJEPC said, “To cater to the pent-up demand and a call from exhibitors and Read More...