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.


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).


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)...


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.


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.


Are Chinese Consumers Moving from Spending to Saving?

26 november 2019

( - China is facing slowing economic growth, and the continued trade war with the U.S. has created a potentially tricky situation where consumer prices could shoot up while businesses’ profit margins decline. As challenges mount, the government has implemented stimulus measures (tax cuts, loans, etc.) to help increase spending, but Chinese citizens are instead becoming frugal, moving farther and farther away from the extravagant spending of years past. And while the luxury industry has recently become dependent on China’s younger, label-obsessed consumers, the high-end segment remains vulnerable to changes coming from Beijing.