THE HITS & MISSES OF THE DIAMOND INDUSTRY IN 2023

The going has been tough for the diamond industry in 2023 prices plunged by 20%, demand slowed down, roughs became difficult to source, consumer preferences veered away from the world's most loved stone, and there was an overall atmosphere of uncertainty. And yet, the industry stood its ground, finding ways and means to cope with the challenges. Here's an overview of the diamond industry in the year gone by

DIAMOND PRICE VOLATILITY REPORT: UNPACKING 2023 TRENDS

The global diamond industry lost some of its sheen in 2023, with geo-political conflicts, falling demand, compromised supply of roughs, rising inflation and interest rates, environmental concerns, the onward march of synthetic diamonds, and so forth, creating road bumps

Vicenzaoro September 2023 A Shining Showcase of Global Jewellery and Horology Excellence

In the picturesque Italian city of Vicenza, the annual Vicenzaoro jewellery trade fair unfolded its magic, drawing visitors from around the world

Couture India 2023 - A Spectacular Showcase of Luxury Jewellery and Artistry

With over 1000 on-spot registrations and 200 hosted buyers from across India, Couture India Bridal Edit witnessed an astounding response from the industry

Diamond Insight Report BRIGHT OUTLOOK FOR DIAMONDS IN CHINA, SAYS DE BEERS REPORT

De Beers has released its 10th annual Diamond Insight Report, focussing on China. It delves into the evolution of the demand for diamonds in China, the COVID-19 impact, category-wise specifics, growth drivers and bottlenecks, the outlook, and more

Tech-Enabled Determination Of Diamond Provenance IMPACT ON GLOBAL TRADE AND CONFLICT DIAMONDS

The diamond industry has been grappling with the problem of determining the provenance of diamonds for quite a while now. The Russia-Ukraine conflict has made the situation worse, with the need for establishing the origin of the stones becoming more pressing. In such a scenario, tracing technologies such as blockchain are assuming immense importance when it comes to keeping conflict diamonds out of global supply pipelines, finds out Suneeta Kaul

Branding & Marketing THE REVIVAL OF SURREALISM IN MARKETING

Surrealist marketing has emerged as a captivating strategy for niche luxury brands. We delve into the world of surrealist marketing, its recent resurgence, and its appeal to high-end brands, supported by real-time examples and statistics

Tiffany & Co SHOPPING (AND BREAKFAST) AT TIFFANY'S

Tiffany & Co has had a long and eventful journey since its inception in 1837; the brand has changed hands more than once and has seen its share of ups and downs. Regardless, it continues to be an iconic brand, emblematic of glamour and luxury

The AI Revolution in Jewellery Design WILL GENERATIVE ARTIFICIAL INTELLIGENCE REPLACE HUMAN CREATIVITY?

Generative Artificial Intelligence (AI) is causing a stir in the world of jewellery design. Will AI replace human designers, or can they coexist in a harmonious creative partnership? Vijetha Rangabashyam explores the future of jewellery design -- a world where AI's limitless creativity and human touch merge to create captivating adornments. We speak to designers about how AI is reshaping the industry, offering efficiency, personalization, and boundless creativity

Sheetal Group Introduces New Logo after 38 Years

After 38 years, Sheetal Group, which describes itself as “Consistent in Purpose. Evolved in Presence”, unveils a new logo.

Tanishq Expands its Footprint in Qatar

Tanishq, a leading Indian jewellery retail brand, recently unveiled two new boutiques in Doha on the same day, reflecting its ambitious regional expansion strategy.

Cricketer Suryakumar Yadav Makes a Bold Statement in Men of Platinum's Latest Campaign

Capturing the essence of a true man of character, the brand welcomes leading cricketer “SKY” - Suryakumar Yadav into its fold. Selected as the face of its latest campaign, Suryakumar’s journey mirrors the enduring rare qualities that platinum stands for.

Sotheby's Unveils Inaugural Luxury Retail Venue in New York

This 160-square-meter space offers a diverse array of products, including jewellery, watches, handbags, accessories, sneakers, upscale streetwear, art, and sports memorabilia.

Tracr and Sarine Partner for Diamond Traceability in G7 Nations

Tracr™ and Sarine Technologies Limited plan to collaborate on a scalable, cost-effective solution for use in tracking diamonds from their source to the point of entry into G7 countries.

Susan Jacques to Be Honoured with the 2024 GEM Award for Lifetime Achievement

Jewelers of America (JA), the national trade association for businesses serving the fine jewellery marketplace, and the GEM Awards Committee have announced that Susan M. Jacques, President and CEO of GIA, will be the recipient of the GEM Award for Lifetime Achievement at the 22nd annual GEM Awards taking place on Friday, March 8, 2024, at Cipriani 42nd Street in New York City.

3rd GJEPC International Gem & Jewellery Show in Dubai Draws 500+ Global Buyers

The Gem & Jewellery Export Promotion Council (GJEPC) presented the highly anticipated third edition of the International Gem & Jewellery Show (IGJS) in Dubai.

Bharat Diamond Week 2023 Shines Bright: as Industry Leaders Converge in Mumbai

The fifth edition of the Bharat Diamond Week commenced with great enthusiasm at the Bharat Diamond Bourse in Mumbai.

Automated 'Status Holder' Certificates to Ease Exporters' Compliance

In a meeting on October 9, 2023, India’s Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Piyush Goyal, unveiled a significant initiative under the Foreign Trade Policy (FTP) 2023.

G7 Delegation Concludes India Diamond Industry Visit

The Gem & Jewellery Export Promotion Council (GJEPC) welcomed a high-level G7 delegation that visited India between September 27 and September 29, 2023.

De Beers Records a 23% Decline in Q3 Diamond Production

De Beers said rough diamond production for Q3 2023 decreased by 23% to 7.4 million carats, primarily due to the planned reduction in South Africa as Venetia transitions to underground operations and begins the ramp-up of production, as well as planned maintenance in Botswana.

Al Cook of De Beers Writes Open Letter to G7 Leaders

De Beers Group CEO, Al Cook, wrote an open letter addressing the leaders of the Group of Seven (G7) nations, expressing De Beers's support for the G7's objectives to ban Russian-origin diamonds from entering their countries.

Sandrine Conseiller Appointed CEO of De Beers Brands

De Beers Group has announced the appointment of Sandrine Conseiller as CEO, De Beers Brands.

De Beers Sees 22% Dip in H1 Revenue to $2.8 Billion

The company’s total revenue for the six months that ended June 30 2023 decreased 22% year-on-year to $2.8 billion, with rough diamond sales decreasing 24% to $2.5 billion, reflecting the softening in demand.

Buccellati's Mosaico - A MODERN TRIBUTE TO BYZANTINE ELEGANCE

The Mosaico collection of Buccellati is a testament to the maison's history and its craftsmanship, demonstrating its ability to seamlessly blend the past with the present in order to create high jewellery pieces that are not just to be worn, but treasured as works of wearable art

Anokha Jewels - ANOKHA JEWELS: CRAFTING DREAMS INTO REALITY

In the captivating realm of jewellery, where stories are told through the shimmer of precious gemstones and the intricacy of finely crafted metals, Anokha Jewels has emerged as a brand that builds narratives of uniqueness and artisanship. Anup Poddar, Director, Anokha Jewels, opens the doors to the brand's journey, vision, and the extraordinary craftsmanship that sets it apart from others

Shree Ramkrishna Exports - SRK EXPORTS-A TRAILBLAZER IN ETHICAL DIAMOND CRAFTING

In the realm of exquisite diamonds, SRK Exports stands tall as a beacon of craftsmanship and ethical excellence.

Ghatiwala - AN ODYSSEY OF BEJEWELLED ELEGANCE

Embarking on a journey that began in the narrow alleyways of Jaipur in the 1930s, Ghatiwala Jewellers has evolved into an epitome of artistry, legacy, and excellence. From its humble origins as a trader of rough emeralds, to its current status as a jeweller beyond compare under the visionary leadership of Abhishek Ghatiwala, the brand has become synonymous with unparalleled craftsmanship and timeless designs

Dharmanandan Diamonds - A TRAILBLAZING PATH

Dharmanandan Diamonds (DDPL), a renowned name in the diamond industry has over 45 years of legacy. From pioneering innovations to fostering ethical practices, DDPL's journey is etched in trust, sustainability, and community upliftment. Piyush Patel, Director, delves into the realm of diamond craftsmanship, traceability, and social responsibility as he unveils the facets of this extraordinary enterprise

Colour Gemstone Demand - A COLOURFUL TIME FOR EXQUISITE COLOUR GEMSTONES

Colour gemstones shine bright as bridal and luxury jewellery demand soars. As witnessed at the recently-held IIJS Premiere, end consumers are leaning towards purchasing jewellery that is set with exquisite, one-of-a-kind colour gemstones of good provenance

Hermès - HERMÈS'S METEORIC ASCENT IN THE LUXURY MARKET

We delve into the captivating journey that led Hermès's stock to scale unprecedented heights, unveiling the key lessons that can be gleaned from its unparalleled success