Indian diamond industry may halt purchases of all diamonds from 10 to 31, July

The Gem and Jewellery Export Promotion Council of India along with four other industry bodies have again issued an appeal to industry members to halt all purchases of diamonds between 10 and 31 July.

Today

Diamond smuggling rising in Zim – report

The smuggling of Zimbabwean diamonds to Mozambique is on the rise following the closure of official border posts to curb the spreading of Covid-19, according to a study conducted by the Kimberly Process Civil Society Coalition (KPCSC).

Today

India’s jewellery show ‘IIJS Premiere’ rescheduled to January 2021

India’s largest jewellery trade show, the India International Jewellery Show (IIJS) Premiere, has been rescheduled due to the ongoing Covid-19 pandemic, according to a press release from the Gem and Jewellery Export Promotion Council (GJEPC)...

Today

Hong Kong jewellery sales dip 69.7% in May

Jewellery sales in Hong Kong this last May fell 69.7 per cent y-o-y, according to the latest data from the Census and Statistics Department of Hong Kong.

Today

De Beers, Alrosa record ‘rock-bottom’ sales in June – report

Two leading global diamond companies, De Beers and Alrosa recorded “rock-bottom” sales in June as buyers rejected their high rough prices, according to media reports.

Yesterday

As Chinese Preferences Shift, A Wakeup Call Awaits Luxury Brands

20 november 2019

(jingdaily.com) - The Wall Street Journal recently published an article by Julie Wernau on how dramatically Chinese preferences are shifting from Western brands to Chinese brands. Look at smartphone sales, where foreign brand shares have dropped by 78 percent in ten years. In China, Apple only has a market share of 8.6 percent, ranking fifth behind Huawei, Oppo, Vivo, and Xiaoimi — brands most Westerners have never heard of. Other categories aren’t dropping as radically, but the share of foreign cars has dropped by 13 percent during that span, and the share of watches by 6 percent. It’s a trend that should concern all Western companies.