Looming Uncertainty
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Saturday,August 17 2019 [ Issue 3 August/ 2019 ]
Looming Uncertainty
The recently concluded IIJS show held in Mumbai was a ray of sunshine in the otherwise gloomy scenario of the gems and jewellery industry. As gold prices hit an all new height, jewellers expectations of a good IIJS show sank lower each day. However, as the show opened, all was not lost as both buyers and exhibitors gave positive reviews. Diamantaires were also reported to be satisfied with the show and believe that the situation will improve.

With only a month to go for the Hong Kong Jewellery & Gem Fair, the ongoing unrests have raised serious doubts about its viability. Rumour has it that if the protests continue, international buyers from U.S. and Europe may pull out. Several large diamond manufacturing companies have their offices in Hong Kong and the fact that the markets have been shut for a month has gravely affected business.

The gems and jewellery industry is right in the middle of the eye of the storm but has managed to survive the worst. As to how this situation will pan out- only time will tell.

 
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Highlights
Pandora announced a partnership with Warner Bros. Consumer Products to introduce a collection of Harry Potter themed jewellery. Launching later this year, Pandora will debut a capsule collection of 12 hand-finished products,
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Sotheby’s Hong Kong is thrilled to collaborate with Chinese haute joallierie artist, Anna Hu to offer her latest jewellery creations, titled Silk Road Music Collection, at its Magnificent Jewels and Jadeite Autumn Sale.
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Barely a month to go, Hong Kong Jewellery & Gem Fair (September 16-22) is grappling with extreme uncertainties due to the ongoing pro-democracy movement in Hong Kong. The September show is supposed to be the biggest B2B t
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Professionals and visitors looking to delve into the world of gems and jewelry are welcome to visit the GIA (Gemological Institute of America) World Headquarters in Carlsbad, California on Friday, Oct. 11, for the GIA Jewelry
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The Anglo American Plc unit has told customers they can refuse to buy half of the stones offered that are smaller than three-quarters of a carat, according to people familiar with the situation, who asked not to be identified
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Gem Diamonds Ltd said Thursday it produced and sold fewer diamonds in the first half of 2019 compared to prior periods, though with increased prices. For the six months to the end of June, the miner sold 55,714 carats, down f
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Tiffany & Co. today announced the launch of Tiffany Men’s, the luxury house’s newest dedicated men’s collections. Reflecting Tiffany & Co.'s heritage as the purveyor of American luxury goods, the Tif
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Dive into the Summer 2019Gems & Gemology(G&G), GIA’s (Gemological Institute of America) quarterly professional journal, for insights into Mozambique ruby, Madagascar sapphire, black nephrite from China, pearls a
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GIA Lab graded diamond as Fancy Vivid Purple-Pink – 14.83 Ct – IF (excellent clarity)– EX (excellent) polish – VG (very good) symmetry. The Lab noted the stone isthe biggest FANCY VIVID PURPLE-PINK dia
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ICA Congress is set to hold its annual meet this year in October in Bangkok, Thailand. A session on responsible sourcing and artisanal mining has been organized to educate the audience on the need and benefits of this sourcin
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In 2018, De Beers Group announced that it was commencing a major conservation initiative titled Moving Giants that would see around 200 elephants translocated from its Venetia Limpopo Nature Reserve (VLNR) in South Africa to
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International Institute of Gemology (IIG) participated in the 36th Edition of India International Jewellery Show (IIJS 2019), India's largest and most awaited jewellery exhibition. The event took place from 8th to 12th August
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