Come together & reinvent
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Saturday,July 25 2020 [ Issue 4 July/ 2020 ]
Come together & reinvent
India’s passion for gems and jewellery has over the years ensured that this country emerges as a prominent globally renowned diamond trading hub. The pandemic however, has created unforeseen hindrances in India’s developmental strides. Logistical difficulties, socio-political impact on international trade, the over-arching economic decline and many other factors have together contributed largely to creating a huge recessionary pressure in India’s diamond trade.

Trade shows, jewellery exhibitions have been cancelled. The people at large – including the rich and not-so-rich, all have started budgeting their expenditure on the world’s most cherished luxury product – the diamond.

Traditional ways of conducting business need change as per the new socio-economic diktats. E-commerce, exchange of technical know-how, reinventing new modes of transportation of high-value goods, etc are ways which need to be developed in order to resuscitate the collapsing diamond trade. Irrespective of the imminent challenges faced by this industry – hope, positive business decisions, and creating a new business environment is extremely essential. World over, diamond traders have to pool their intellectual resources to reinvent new modes of business and jointly pull the industry out of the rut it is sinking into.

 
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Highlights
Jewelers Vigilance Committee (JVC) is proud to offer our industry an important and timely webinar onAugust 5th, 2020 at 11:00 am EDT-Building a Culture of Ethical Inclusion, presented by renowned ethics leader Veronica Root M
 read more ...
 
Christie’s July Luxury sales in Geneva realised a combined total of CHF54,625,751 / $57,903,296 / £45,885,630 for 195 pieces of jewellery, 226 watches, and 819 fine wines, with a combined sell through rate of 81%.
 read more ...
 
Rio Tinto, 100 per cent owner of the Argyle diamond mine in Australia and the operator and 60 percent owner of the Diavik diamond mine in Canada, has put in place extensive controls through a combination of testing, screening
 read more ...
 
He was born in Patan, Gujarat, in January 1940, the son of Ramniklalji Mehta, who was in the diamond business. He grew up with two brothers, Harshadbhai and Dilipbhai, and one sister.$$ In 1960, he co-founded B. Arunkumar &am
 read more ...
 
Selim Mouzannar hails from a family of jewellers who served the Ottoman Empire since the 19th century. As a child, he spent his time in his father’s workshop in the heart of Beirut’s historical jewellery souks. After studying
 read more ...
 
The tender offered rough diamonds of 10.80 carats and over as well as fancy color diamonds as from the EKAPA (Kimberley) Mine in South Africa. Among the stones was an extraordinary 49 carat Vivid Yellow diamond. Although most
 read more ...
 
{{Who are these Collectors?}}$$ Rich housewives and women with thriving careers between the age of 35 and 60 participate in these auctions. These are women who know their jewellery and have an eye for rare, exquisite pieces b
 read more ...
 
Since China imposed a national security law in Hong Kong, the U.S. is showing it disapproval by ending its preferential economic treatment for Hong Kong. In a statement made earlier, Trump said that Hong Kong would receive no
 read more ...
 
The slick city has been back in action for over couple of months now. Hong Kong is one of the densest cities in the world with high rises literally stuck to each other. The transportation is almost always packed to the brim.
 read more ...
 
Petra Diamonds has entered into an agreement to dispose of its exploration assets in Botswana via the sale of 100% of its holding in Sekaka Diamonds Exploration (Pty) Limited (previously known as Petra Diamonds Botswana (Pty)
 read more ...
 
For the diamond industry, transparency is a two-way street. Information flows upstream, providing information to the next link in the supply chain about the origin and characteristics of the diamond or gemstone. Eventually, t
 read more ...
 
As long as love and happiness remain key to people, diamonds will stay relevant. No pandemic can bring down the allure of diamonds. With weddings being downsized world over, people saving from not spending on vacations and ot
 read more ...
 
Jewelers Vigilance Committee (JVC) is proud to offer our industry an important and timely webinar onAugust 5th, 2020 at 11:00 am EDT-Building a Culture of Ethical Inclusion, presented by renowned ethics leader Veronica Root M
 read more ...
 
Christie’s July Luxury sales in Geneva realised a combined total of CHF54,625,751 / $57,903,296 / £45,885,630 for 195 pieces of jewellery, 226 watches, and 819 fine wines, with a combined sell through rate of 81%.
 read more ...
 
Rio Tinto, 100 per cent owner of the Argyle diamond mine in Australia and the operator and 60 percent owner of the Diavik diamond mine in Canada, has put in place extensive controls through a combination of testing, screening
 read more ...
 
He was born in Patan, Gujarat, in January 1940, the son of Ramniklalji Mehta, who was in the diamond business. He grew up with two brothers, Harshadbhai and Dilipbhai, and one sister.$$ In 1960, he co-founded B. Arunkumar &am
 read more ...
 
Selim Mouzannar hails from a family of jewellers who served the Ottoman Empire since the 19th century. As a child, he spent his time in his father’s workshop in the heart of Beirut’s historical jewellery souks. After studying
 read more ...
 
The tender offered rough diamonds of 10.80 carats and over as well as fancy color diamonds as from the EKAPA (Kimberley) Mine in South Africa. Among the stones was an extraordinary 49 carat Vivid Yellow diamond. Although most
 read more ...
 
{{Who are these Collectors?}}$$ Rich housewives and women with thriving careers between the age of 35 and 60 participate in these auctions. These are women who know their jewellery and have an eye for rare, exquisite pieces b
 read more ...
 
Since China imposed a national security law in Hong Kong, the U.S. is showing it disapproval by ending its preferential economic treatment for Hong Kong. In a statement made earlier, Trump said that Hong Kong would receive no
 read more ...
 
The slick city has been back in action for over couple of months now. Hong Kong is one of the densest cities in the world with high rises literally stuck to each other. The transportation is almost always packed to the brim.
 read more ...
 
Petra Diamonds has entered into an agreement to dispose of its exploration assets in Botswana via the sale of 100% of its holding in Sekaka Diamonds Exploration (Pty) Limited (previously known as Petra Diamonds Botswana (Pty)
 read more ...
 
For the diamond industry, transparency is a two-way street. Information flows upstream, providing information to the next link in the supply chain about the origin and characteristics of the diamond or gemstone. Eventually, t
 read more ...
 
As long as love and happiness remain key to people, diamonds will stay relevant. No pandemic can bring down the allure of diamonds. With weddings being downsized world over, people saving from not spending on vacations and ot
 read more ...
 
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