In this issue

Post lockdown Buy Back of Gold Challenges and Opportunities

The deadly coronavirus has activated the most primal instinct of the human race, survival. Most of the countries are under lockdown, shutting off borders, cancelling flights and breaking contact with the rest of the world. Globalization is now being replaced by isolationism as nations struggle to shield their populations from the dreaded COVID-19 pandemic and contain its spread within their borders.

Indian jewellery sector is also not immune from the impact of this pandemic. India is under lockdown from 25th March onwards and at time of writing there are over 30,000 active COVID - 19 cases and more than 1000 people have died. Jewellery sector for the first time in the history experienced sales washout this year on Akshaya Tritiya. Demand for gold was down by around 95 per cent and only negligible sales happened through digital mode. Sharp rise in gold prices by over 42 per cent in the compared to last Akshaya Tritiya also a dampener the sale. COVID-19 forced jewellers to go digital with many jewellers focusing on online sales, some also introduced price protection schemes to lure customers.

Natural Diamonds – The True Wonders of Nature

Diamonds have always been desired for their sparkle, endurance and strength.

3 mins

Post Lockdown Buy Back Of Gold

Challenges and Opportunities

6 mins

Forevermark Unveils Its Latest Podcast Episode Levison Wood: Walking With Elephants

This Earth Day, Forevermark has released its latest podcast episode, Levison Wood: Walking with Elephants on “The Power of the Diamond” series.

1 min

Knowledge Webinar Takes Centre Stage Amid Coronavirus Lockdown

The jewellery industry has always been active and in this time of lockdown the industry is utilising the time in a constructive way by conducting knowledgable webinars, which are conducted with collective efforts by various associations like GJEPC, GJC, IBJA including media houses like AOJ Media along with KNC Services and Glambox etc. These webinars include interesting sessions on various topics along with mutiple training session that are delivered by eminent speakers including women speakers of the industry. Webinars conducted so far has received huge appreciation and are considered as useful as well.

2 mins

WGC's Survey Provides Crucial Insights on India's Gold Investment Market

The research study confirms that there is a high penetration of gold among Indian retail investors: two thirds of those surveyed had bought gold in the past. But then 29% of retail investors have never bought gold in the past but are open to the idea of buying gold in the future. So, there is a significant opportunity for the industry to seize upon and grow the market.

4 mins

De Beers Group Institute of Diamonds offers online diamond foundation course for free to industry partners

Retail staff and jewellery industry professionals invited to take online only course for free during nationwide Covid-19 outbreak.

1 min

De Beers Group contributes funds across Botswana and Namibia to support Covid-19 response

De Beers Group contributes $2,500,000 across Botswana and Namibia to aid the response to the COVID-19 crisis.

1 min

WORLD'S FOREMOST ‘ONLY DIAMOND SHOW' BHARAT DIAMOND WEEK (BDW) GOES DIGITAL

The organizing committee of Bharat Diamond Week (BDW), world’s foremost ‘only diamond show’ decided that the BDW will go Digital.

2 mins

Read all stories from The Art of Jewellery

The Art of Jewellery Magazine Description:

The Art of Jewellery is India's No. 1 business magazine on the jewellery trade and industry. A one-stop source of cutting-edge information for the Gems and Jewellery sector, it is reputed for its focused content, high editorial standards, creative design, rich imagery and state-of-the-art printing.

Now in 14th year of publishing, it has won many awards and rich accolades for its contribution to the jewellery industry and trade. It is widely recognized by readers, advertisers, and the jewellery community as a premier magazine in the industry. It reaches quality jewellery retailers in India and overseas and has an extended reach during exhibitions and trade fairs.

The Art of Jewellery has a tremendous web and digital presence and is a pioneer in providing daily news updates on national and international happenings. AOJ Daily – E news capsule reaches more than 80,000 industry players on daily basis.