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

The consumer after COVID-19

21 may 2020

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Image credit: gonghuimin468 (Pixabay)

Shoppers will return. But they're living through a pandemic that will change them, maybe forever.

(retaildive.com) - In the past several weeks, retailers haven't seen much of their customers. Retailers and consumers alike remain focused on cutting short the impact of COVID-19, the disease that has swept the globe. At the moment in most locales, when people do venture out it's only for essential items from the few stores that are open, and these days their faces are often covered. Otherwise, shopping is accomplished online. ​ The extreme lockdown of today will be eased at some point, though it's not yet clear when. Perhaps even more uncertain is what the frame of mind of their erstwhile customers will be.