Inflation in the US, Sharp Fall in the Rupee Against the Dollar and Other News
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Saturday,July 23 2022 [ Issue 6 July/ 2022 ]
Inflation in the US, Sharp Fall in the Rupee Against the Dollar and Other News
US retail sales saw soft growth in June due to inflation as per data from US Census Bureau, which means more expenses on necessary goods eating away savings and lesser spends on luxury and jewellery. The sharp decline in the rupee against the dollar this week has spelt optimism for the Indian export sector. Jewellers would now gain a competitive advantage over this sharp decline as their income is in dollars and expenditures would be in rupees and thus gain in the exchange of USD to INR. From electronics to jewellery, consumers’ purchase patterns are evolving; virtual reality holds potential for the future with Web 3.0 in the offering. Online purchases and lab grown are the points of evolving luxury consumer sentience. The future heralds superior AR products and the jewellery community trying their hand at the newer immersive experiences to reach out and connect with the entire value chain. According to GJEPC, India’s polished-diamond exports rose by 2% year-on-year this June. On Nelson Mandela’s Birthday, the world learned the winners of the Diamonds Do Good® Entrepreneurship Grants, a $100,000 partnership with United People Global (UPG) to support entrepreneurs in natural diamond producing countries across Africa.

The auspicious date was chosen deliberately for the historic connection between Diamonds Do Good® and the great Nelson Mandela who urged the founding of the organization over 15 years ago. Diamonds Do Good® recognizes the importance of providing access to cap

 
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Highlights
The Gem and Jewellery Export Promotion Council along with the embassy of India in UAE organized the first-ever IJEX Buyer-Seller Meet in conjunction with IIJS Premiere 2022 roadshow on July 19, in Dubai. The event saw leading
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Finestar Jewellery & Diamonds held the Inauguration Ceremony of its Diamond Manufacturing Factory in Windhoek, the capital of the Republic of Namibia on 15th July, 2022. This event celebrated the beginning of their benefi
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This report highlights Dimexon’s ESG commitments, with key highlights from the past year including:● 3.72 tCO2e emission intensity per 1,000cts of diamonds produced● 50% Reduction in energy consumption at its Mumbai off
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KISNA Real Diamond and Gold Jewellery,from the House of HK, one of the world’s largest diamantaire and suppliers to marquee retailers, celebrated its18thanniversaryatKisnaya 2022.The celebration was graced byMr. Ghanshy
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The auspicious date was chosen deliberately for the historic connection between Diamonds Do Good® and the great Nelson Mandela who urged the founding of the organization over 15 years ago. Diamonds Do Good® recognizes
 read more ...
 
Get-Diamonds, the world’s largest B2B online platform for listing polished diamonds, owned by the World Federation of Diamond Bourses (WFDB), has launched VIRTUAL HAND, an augmented reality tool that enables users to vi
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