Timing is Just Everything
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Saturday,June 29 2019 [ Issue 5 June/ 2019 ]
Timing is Just Everything
Even big brands that have built equity over so many years take a beating when the timing is just not right. We witnessed this at HK earlier this week. The protests by the locals regarding the Chinese extradition bill really affected the footfall of the show. Many of them didn’t show up and those who visited the show, came in looking for exactly what they wanted.

Speaking of timing, Trump’s decision to slash benefits under GSP will have an adverse effect on the Indian diamond exporters. Between 2007-2009, benefits under GSP were slashed for some jewellery items and this brought down the exports by 25 per cent. With the onslaught of a bad economy coupled with credit crunch from the banks, the industry now has to weather this too.

Meanwhile, WFDB and veterans in the trade congregated in Israel this week to discuss about pressing matters that are plaguing the industry at the moment. If we have to battle the fight together as an industry, we need more such brainstorming sessions. All hands on deck is the only way ahead.

Highlights
The company’s co-founders Bouchra Ezzahraoui and Sophie Kahn said that AUrate’s prices range from $50 to $3,000, but they’re really aiming for what Ezzahraoui called “this new market sweet spot”
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Glamorous jewelry and vintage fashion from the “La Dolce Vita” era are the star attractions of Bulgari’s new exhibition in Rome. The exhibition “Bvlgari, the story, the dream” includes the diamon
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At a celebratory dinner for customers and diamond industry partners, Rio Tinto’s management reflected on the ground breaking partnership that began with the first influx of diamonds from the Argyle diamond mine in Weste
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PNG Jewellers one of India’s leading jewellery brands have partnered with Forevermark India, the diamond brand from De Beers Group to retail Forevermark diamonds across all their stores in India. As one of the most trus
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The Executive Committee of the World Federation of Diamond Bourses gathered at the Israel Diamond Exchange in Ramat Gan, Israel, on June 24th, with one of the major issues discussed being the impact of synthetic diamonds on t
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The World Federation of Diamond Bourses (WFDB) held an Executive Committee Meeting at the Israel Diamond Exchange on Monday, discussing a wide variety of subjects vital to the industry, as well as moves to enhance the relevan
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Knight Frank, the independent global property consultancy, launched its Luxury Investment Index(KFLII).The report cites that in coloured gemstones, a 17.43-caratKashmir sapphire ring was the top performer atBonhams’Lond
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According to data available from the Gem and Jewellery Export Promotion Council (GJEPC), the US accounted for nearly half of the total of India's export of cut and polished diamonds valued at nearly US $24 billion. Indian exp
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GIA (Gemological Institute of America) presents a unique seminar that teaches the assessment of jewelry design and engineering to identify manufacturing methods, workmanship and risk of failure. Professionals will learn the 1
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India, as the KP Chair for 2019, successfully hosted the KP Intersessional meeting in Mumbai. The meeting which started on 17thJune concluded on 21stJune 2019. The Kimberley Process Certification Scheme (KPCS) Intersessional
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With an aim of improving health and physical fitness, Hari Krishna Group elebrated International Yoga Day by organising a Yoga event for its employees with families and well- wishers, at Jio Garden, BKC in Mumbai and in HK Ca
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The first day witnessed some traffic from Mainland China. On Friday, when the protest for withdrawal of China extradition bill started again in the city with the rumor of the same getting intense over the weekend, most buyers
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