Gem & jewellery exports cross ₹30,000 crore in FY23 despite volatile global markets
Growth was seen in segments like polished lab diamonds, gold jewellery, plain gold jewellery, coloured gemstones and silver.
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Why lab-grown diamonds are picking up pace
Just last week India's largest PSU bank SBI decided to formally create a policy that would allow for loans to be made to makers of lab-grown stones.
India imports more pearl than the world produces; CAG flags tax evasion risk
The value of pearls imports being much higher than the value of global production of pearls suggests trade mis-invoicing and round-tripping of funds, says CAG.
How ethical is the solitaire in your wedding ring?
Consumers are asking questions about the origin of diamonds — whether they have been ethically mined, however, they are not willing to pay a premium for ethics and sustainability.
De Beers to be carbon neutral by 2030: De Beers Brands CEO Jacheet
Status comes from generosity, not vanity, says De Beers Brands CEO Jacheet, as consumers increasingly ask questions around sustainability and purpose.
The Conversation: Stephen Lussier
Stephen Lussier of De Beers Group talks about the bounce-back from Covid-19, adoption of technology and commitment to sustainable business practices.
Diamond jewellery to cost more amid short supply
Jewellers believe, with no other option, the jewellery industry has to put the burden of price rise on consumers to protect their supply continuity and protect from shrinking profit margins.
Can Kalyan Jewellers’ hyperlocal strategy succeed?
Kalyan Jewellers has managed to get its IPO oversubscribed, and is betting on a strategy that tailors each of its stores according to the location’s cultural values. But there are challenges ahead.
New heirlooms: A reflection of sustainability
One of the best examples of sustainability in fashion is the passing down of family heirlooms, especially diamonds. Today, these heirlooms have become important investment destinations.
‘Diamond industry will rebalance and grow in 2021’
According to Bain & Company’s report, diamond jewellery sales in India are expected to return to a healthy 3% growth in 2019.
