4 Black Fridays & 4 Cyber Mondays to Christmas!
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Friday,November 25 2022 [ Issue 5 November/ 2022 ]
4 Black Fridays & 4 Cyber Mondays to Christmas!
As 2022 draws to a close, annual reports, analytics, reviews and 2023 predictions abound. The global slowdown in demand resulted in a sharp fall of India’s overall exports to 16.65%. Infact gems and jewellery exports declined 14.64% in October, as per GJEPC data. US-based Moody’s Analytics said India is headed for slower growth and if inflation persists RBI could increase repo rates above 6 per cent, causing GDP growth to falter. India’s finance minister Nirmala Sitharaman at a pre-budget meet noted that the depreciation of the rupee against the US dollar was affecting exports' competitiveness.

Globally, sustainability has claimed as much importance as profitability, however 62% of Indian companies noted that being sustainable and profitable at the same time was difficult said a study published by Lancet Planetary Health Journal. India follows China and the US as the third-largest emitter of CO2. The good news is that just like profitability; sustainability too is a hot topic of discussion during annual business schedules.

The gem & jewellery exports witnessed a decline of 14.64% to ₹25843.84 crores in October 2022. The decline in exports in the month of October or November is a seasonal trend consistent with previous years as manufacturing activities are either limited or units are closed because of the Diwali season

India's robust gem & jewellery export performance in the first six months of the financial year 2022-23 has helped to maintain growth for t

Highlights
PhotoScribe Technologies, has secured a patent to ensure the proper identification of a diamond, combating forgery in the gem and jewelry industry with a security mark. Its signature laser, the LMS 650, can be upgraded to bri
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A first in the industry, it allows buyers and sellers to connect directly. Provenance Proof Marketplace gives all players in the gem industry access to global trade to offer and buy transparently traded gems. Provenance Proof
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Kisna, from Hari Krishna Group enters North India with the launch of its first franchise store at Hisar. This marks a step forward in the shift in distribution strategy by the brand and reflects Kisna’s new philosophy a
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The Natural Diamond Council (NDC) has announced the launch of the new ASSURE 2.0 online portal. The updated portal enables all purchasers of Diamond Verification Instruments (DVI) to browse through the Directory, understand t
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India's robust gem & jewellery export performance in the first six months of the financial year 2022-23 has helped to maintain growth for the period April to October 2022, despite a sharp dip in exports in the month of Oc
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De Beers Forevermark are among the world’s most carefully selected diamonds, each with its unique inscription number to guarantee the most beautiful, rare, natural and responsibly sourced diamonds.The new boutique showc
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