A Long War
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Friday,November 15 2019 [ Issue 3 November/ 2019 ]
A Long War
The heat from Hong Kong’s protests can be felt here in India. The protests that took a new turn on Wednesday saw cops making arrests in the main business district. Transportation came to a standstill, as did businesses. If things don’t improve in Hong Kong, we will be hit very badly considering we export 40 per cent of our cut and polished diamonds to China.

The eternal war between China and U.S. is in some ways are not really helping us – the high tariff on Chinese imports has affected the overall sentiment and the diamond industry in India is subject to that impact. As the holiday season begins, how all of this is going to play out and affect the festive sales in the U.S. is something we’ll have to wait and watch.

In other news, The World Federation of Diamond Bourses has collaborated with Diamond Producers Association to launch a marketing channel to promote natural diamonds and thwart any negative advertising by lab-grown diamonds. As the adage goes, if we keep doing what we are doing, we’re going to keep getting what we’re getting.

 
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Highlights
The World Federation of Diamond Bourses (WFDB) has launched a powerful new marketing channel for the dissemination of industry news to promote diamonds in a tie-up with the diamond Producers Association (DPA). WFDB President
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GIA India is gifting replicas of famous diamonds to Chhatrapati Shivaji Maharaja Vastu Sangrahalaya (CSMVS), Mumbai, for the museum’s new jewellery gallery. The replicas were presented to Mr. Sabyasachi Mukherjee, Direc
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De Beers Group Institute of Diamonds highlighted the importance of a greater focus on education in the diamond sector in 2020 following the success of ‘Rare Treasures of the Earth’ – a collaborative exhibiti
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Speaking at the Inauguration, Mr.Azevedosaid, “Angola is an extremely rich country in mining. With great economic potential, the region is not only the third-largest producer of diamonds but also has one of the largest
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Despite a slowdown in the Hong Kong and Chinese markets, the Israeli exhibitors are hopeful that with its timing before the Chinese New Year, the show will attract many visitors as it is targeted at both the trade and consume
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To help students gain better understanding and experience of the gem and jewellery industry, GIA India brought jewellery design students to Kama Schachter’s manufacturing facility in Mumbai on Oct. 19. The GIA Jewelry D
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GIA (Gemological Institute of America) welcomed two new members to the Institute’s Board of Governors at its regularly scheduled meeting in Carlsbad, CA. The new Governors, Dr. Jeffrey E. Post, research geologist at the
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Revenuein Q32019 decreasedby 20%q-o-q to RUB46bn on lower sales volumes (down 23%q-o-q), which was partially offset by higher average realised prices. A 35% y-o-y decline in revenue is attributable to lower sales (down 5% y-o
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The Women's Jewelry Association (WJA) has debuted a new benefit for its members, called Negotiable, in connection with WJA’s Gender Equality Project. The learning program offers a collection of resources – videos,
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