GIA to offer world class education on diamonds in Jaipur

Diamond enthusiasts, hobbyists and connoisseurs have the exciting opportunity to learn more about the cherished diamond – including the qualities that add to its value and jewellery buying tips– from one of the world’s leading experts.
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NMDC plans short term plan for Tanzanian gold

State-run iron ore miner NMDC has devised a short-term strategy, which includes a small-scale mining and setting up of a minor processing plant, for its gold project in Tanzania.
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Rough diamond prices to rise 5 to 10% in 2014

Natural rough diamond prices may rise 5 to 10 per cent in 2014 on recovering demand for jewellery in developed and emerging markets, the head of Belgium's diamond lobby told Reuters in an interview. The global market came under pressure in 2013 as a weakening rupee and tight credit conditions suppressed demand from the world's biggest diamond polishing marker, India.  read more

India's jewellery firm Gitanjali seeks Rs 1.7b more in loan

Jewellery firm Gitanjali Gems, which owns brands such as Nakshatra, Gili, Sangini and Asmi, is seeking to raise an additional loan of Rs 1,700 crore in the second attempt to revive its business. The Mehul Choksi-run company, which suffered due to depreciation of the rupee against the US dollar and restriction on gold imports, has an outstanding loan of Rs 4,285 crore.  read more

Surat diamantaires' co-operative dream lies in abeyance

Surat Rough Diamond Sourcing (India) Ltd (SRDSIL), set up by a group of diamond polishers and traders to source rough diamonds (‘roughs’ in industry parlance) from abroad, is now non-functional, with one of the founders buying the company.   read more

Forevermark will be in 30 cities in five years: Sachin Jain

With every passing day, De Beers’ premium diamond brand, Forevermark, takes on a new lustre in the Indian market. As a part of its strategic alliance with leading jewellers here, it signed on Khurana Jewellery House and Entice Jewellery recently. The idea, according to managing director Sachin Jain, is to have 200 retail franchises in 30 cities within the next five years. The brand already has 120 jewellers in 18 cities in the bag.   read more

India’s gem and jewellery export fall by 9% in 2013-14.

India’s gems and jewellery exports, which contribute about 15 per cent of the country’s overseas shipments, fell by about nine per cent to US $39.5 billion in 2013-14.     read more