Fura Gems To Focus On Undervalued Mines:Dev Shetty

DEV SHETTY, president and CEO of Fura Gems Inc., an up-and-coming gemstone mining firm that recently acquired the famed Coscuez emerald mine in Colombia, speaks to SOLITAIRE about plans for deploying modern technology to ramp up production. Fura Gems aims to set a new precedent for best practices in the gemstone sector as it goes about acquiring other undervalued assets.

VOD Dubai International Jewellery Show: The Middle East's Mega Event

VOD Dubai International Jewellery Show made its successful debut as an industry-wide mega jewellery event in the Middle East. It is a consolidation of the trade-centric Vicenzaoro Dubai and the consumer-oriented Dubai International Jewellery Week. The November event was an all-encompassing experience with networking sessions, knowledge-sharing seminars and fashion shows.

Jaipur Hosts ICA Congress

The International Colored Gemstone Association’s (ICA’s) biennial Congress held its 17th edition in the Pink City, from October 21st to 24th, the second time that India has hosted the ICA event since 2003.

Silver Trends For 2018

Our guest writer, VIVEK SHAH, founder of Karma Enterprise, Ahmedabad, highlights the trends in silver jewellery for 2018.

Encouraging Signs Of Demand Uptick At Gold/Italy 2017

The fifth edition of Gold/Italy, a show exclusively dedicated to Made in Italy jewellery, stood out for the high level of Italian manufacturing, the quality of international demand, and its exhibition format.

De Beers Q3 Rough Output +46% To 9.17m ct

De Beers’ rough diamond production increased by 46% to 9.17 million carats in the third quarter that ended .September 30th 2017.

GIT 2016 – Under the Full Moon of Gemunity

The world was treated to a special super moon November 14, the closest full moon to Earth since 1948. This luminous moon, appearing 14% larger and 30% brighter than normal, inspired the theme of the fifth biennial GIT conference, held on November 14 and 15 in the Thai beach resort town of Pattaya, on Thai beach resort town of Pattaya, on Thailand's eastern gulf coast. CYNTHIA UNNINAYAR reports on the proceedings.

Brilliant 2018 At The Heart Of Antwerp Diamond Year

The ninth edition of BrilliAnt – the Antwerp Diamond Trade Fair will be of the highlights of Antwerp’s Diamond Year 20172018.

Signet Confirmed For 4 Consecutive Years As 'Conflict Free'

Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, recently submitted its fourth consecutive Conflict Minerals Report to the SEC in accordance with Section 1502 of the Dodd-Frank Act. 

Congo's Bad Year Is About To Get Worse

For a country that has witnessed millions of deaths, brutal colonial rule, and devastating dictatorship, the past year in the Democratic Republic of Congo still stands out as a bleak one.

Riding The Silver Wave

Silver jewellery consumption has rapidly grown in the last ten years but there are very few players in the organised silver jewellery space. Shanoo Bijlani and Aliya Ladhabhoy interviewed silver jewellery brands and jewellery designers to gain a deeper insight into the white metal.

The New-Age Retail Rules

VIJAY JAIN , CEO and Director, Orra, a high-end jewellery brand, tells Solitaire about new strategies that retailers could adopt to cater to millennials, the importance of visual merchandising, and the threats that the retail jewellery industry is facing.

Gold Industry Besieged With Challenges

The Indian government’s policies towards gold will make or break the industry. Bullion industry expert sanjiv arole studies the impact of factors such as demonetisation, Brexit, Trump, GST and more.

Vicenzaoro January Strikes A Positive Note

The six-day Vicenzaoro January attracted over 18,000 buyers to the show, thus reinforcing its presence in the global jewellery market.

Vicenza's Museo Del Gioiello Inaugurates Its Second Edition

Last December, Museo del Gioiello inaugurated the start of the second edition (2017-2018) with ten new international curators in attendance. The first in Italy and one of only a few in the world exclusively dedicated to jewellery, located inside Vicenza’s Basilica Palladiana, a 16th century historical building listed as a UNESCO World Heritage site since 1994, the Museo del Gioiello jewellery museum has clocked up 34,000 visitors since its opening on 24th December 2014. A project, devised and launched by Fiera di Vicenza, it is managed by Italian Exhibition Group Spa (IEG), the new trade show company generated by the merger between Rimini Fiera and Fiera di Vicenza in partnership with Vicenza Council. 

IIJS Registers Record Breaking Sales

The overwhelmingly positive feedback from exhibitors and visitors pegs IIJS 2017 as one of the best ever. Though gold jewellery sales shot through the roof, good sales were reported across the categories of studded diamond and gemstone jewellery as well as loose stones. Here’s a detailed report by SOLITAIRE INTERNATIONAL.

Prelude To IIJS 2017: A Spectacular Curtain-Raiser

The Gem & Jewellery Export Promotion Council (GJEPC) in partnership with the Diamond Producers Association (DPA) presented the first-ever Prelude to IIJS 2017, a B2B fashion showcase event on July 26th 2017, at Hotel Grand Hyatt, Santacruz, Mumbai.

KP: Global Diamond Production -11% To $12.4bn

Worldwide diamond production in 2016 fell nearly 11% year-on-year to $12.4 billion owing to a drop in rough diamond prices, according to the latest statistics published by the Kimberley Process Certification Scheme (KPCS). 

De Beers' Q2 Diamond Production Rises 36% To 8.7m Ct

Orapa’s production increased 44% to 2.918 million carats driven by the ramp-up of Plant 1, which was previously on partial care and maintenance in response to trading conditions in late 2015. This was marginally offset by Jwaneng where production decreased by 3% to 2.913 million carats.”

GST Fears Drive Up India's Q2 Gold Jewellery Demand

GST Fears Drive Up India’s Q2 Gold Jewellery Demand India drove global Q2 jewellery demand growth almost single-handedly, according to the World Gold Council’s (WGC’s) latest Gold Demand Trends report. Indian gold jewellery demand shot up 41% to 126.7 tonnes compared with just 89.8 tonnes in Q2 2016.

Can The Industry Survive 4% GST on Gold?

Following the government’s proposed 4% Goods & Services Tax (GST) rate on gold, bullion analyst Sanjiv Arole examines the various possibilities that could impact the jewellery industry.

GJEPC Seeks GST Exemption On Export Transactions

Proposes 1.25% On Domestic Sales.

US Lifts Burma Sanctions, Reinstates GSP Privileges

US President Barack Obama signed an Executive Order on October 7 2016 officially lifting the ban on gemstones and jade from Burma, nearly 20 years after economic and financial sanctions were first imposed.

Signature IIJS & IGJME to Kick-start The Buying Season

Signature IIJS marks the beginning of the gem and jewellery industry’s business calendar. The show will be held along with IGJME for the second year in a row soon after the budget 2017. A vital show for the industry, business at Signature IIJS will determine the buying sentiments for the coming months.

nirmala sitharaman lays foundation stone of iigj varanasi

the gem & jewellery export promotion council (gjepc) took a big step towards realising prime minister narendra modi’s dream project, skill india, by setting up the first-of-its-kind indian institute of gems & jewellery (iigj) in varanasi, uttar pradesh (up). varanasi is the fifth centre in the country after mumbai, new delhi, jaipur and kolkata to have an iigj campus.

Lieberherr: India's Diamond Consumption Potential Is Huge

JEAN-MARC LIEBERHERR, chief executive officer of the Diamond Producers Association (DPA), tells Solitaire about the India launch of the ‘Real is Rare’ promotion that will attempt to bring the shine back to diamond jewellery sales. The campaign, which is slated to run from November 2017 till January 2018, aims to help diamonds reinforce their emotional symbolism as the ultimate expression of love and commitment.

Saffronart's Jewellery Seminar Off To A Grand Start

Saffronart’s inaugural jewellery conference, The Timeless Legacy of Indian Jewels, that was held on October 6-7, 2017, in Mumbai,received an overwhelming response.

Dubai Diamond Conference Reflects On Industry's Future

The Dubai Diamond Exchange (DDE), a Dubai Multi Commodities Centre (DMCC) platform, organised the third edition of its biennial Dubai Diamond Conference (DDC) under the theme ‘Shaping the future of an interconnected marketplace’ on October 16th and 17th.

A Tale Of Four Taxes

Industry analyst PRANAY NARVEKAR examines the direct and indirect tax structures in place in the four major midstream centres – Belgium, Israel, Dubai and India.

CIBJO Proposes KP-type Structure For Coloured Gemstones

The Confédération Internationale de la Bijouterie, Joaillerie, Orfèvrerie (World Jewellery Confederation), better known by its French acronym CIBJO, successfully concluded its annual Congress in Bangkok, Thailand. The three-day event, running from November 5th-7th, brought from around the world some 150 official delegates and a total about 300 participants, and covered a wide range of issues on the agenda of the international gemstone and jewellery industry. There was a strong focus on responsible sourcing, Corporate Social Responsibility and sustainability, particularly in the coloured gemstone sector. The event was preceded by the three days of pre-Congress steering committee meetings and the first World Ruby Forum.