ICRA Forecasts 9% Growth in India’s Gold Jewellery Demand for 2017

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India’s Gold Jewellery Market Shines Bright: ICRA Forecasts Robust Growth Amidst Transformative Changes India, a nation deeply rooted in the cultural and economic significance of gold, continues to be one of the largest consumers of this precious metal globally. Its enduring allure, spanning generations, makes the Indian gold jewellery market a dynamic and closely watched … Read more

Jewellery industry urges gold import duty cut to 4%

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Unlocking Growth: The Indian Gems and Jewellery Sector’s Ambitious Union Budget Proposals The Indian gems and jewellery sector, a cornerstone of the nation’s economy and a significant contributor to its cultural heritage, is at a crucial juncture. As the Union Budget for 2019-20 approached, leading industry bodies united to present a comprehensive set of proposals … Read more

ALROSA Rakes In $8.91 Million at Dubai Diamond Sale

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ALROSA Achieves Remarkable Success at Dubai Diamond Auction, Solidifying Emirate’s Role as Key Trading Hub Moscow, April 2019 – ALROSA, the world’s leading diamond mining company, has once again demonstrated its prowess and strategic acumen in the global diamond market. A recent special size diamond auction held in Dubai, UAE, concluded with outstanding results, generating … Read more

March of Diamonds: WJA Inspires Women to Shine Brighter

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Empowering Women: WJA’s ‘March is Me Month’ Campaign Ignites Self-Purchase Trend in Jewelry In a powerful statement celebrating women’s independence and self-worth, the Women’s Jewelry Association (WJA) has proudly unveiled its “March is Me Month” campaign. This innovative initiative, designed to encourage women to invest in themselves by purchasing jewelry, commences on March 1st and … Read more

Rare Tanzanite Ring Disappearance Ignites $75,000 Legal Battle

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In a saga unfolding in the heart of Nashville, Tennessee, a couple has initiated legal proceedings against a long-standing jewelry establishment, seeking a substantial $75,000 in damages following the alleged loss of a precious engagement ring. This high-stakes dispute has captivated local attention, highlighting not only the monetary value attached to such treasured items but … Read more

Gold’s Ascent Erodes Luk Fook Sales

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Luk Fook Faces Significant Headwinds: Revenue Slump, Profit Decline, and Strategic Store Closures In a challenging economic climate marked by surging gold prices and a palpable decline in consumer confidence, Luk Fook Holdings, a prominent Hong Kong-based jewelry chain, has reported a significant downturn in its latest financial results. The company announced a substantial 27 … Read more

Grizzly Mining Nets US$22.4 Million from Emerald Auction

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Lusaka, Zambia – 10th December 2024 – Grizzly Mining Limited, a global leader in emerald production, proudly announces the outstanding results of its latest international emerald auction, successfully concluded in Dubai in November 2024. This significant event showcased the Company’s most recent collection of exquisite mid- to high-grade rough emeralds, directly sourced from its renowned … Read more

Newmont Slashes 120 Positions at Nevada Gold Mine

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Newmont Mining Cuts 120 Jobs at Carlin, Nevada Amid Operational Revisions and Production Adjustments Newmont Mining Corp, globally recognized as the world’s second-largest gold producer, has initiated a series of strategic adjustments at its extensive Carlin mining operation in Nevada. These changes, primarily driven by a revised outlook for one of its key mines and … Read more

Tiffany Cuts Jobs in Antwerp Amid Diamond Industry Downturn

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The global luxury market, particularly the diamond sector, is navigating a period of significant transformation and economic pressure. In a recent development underscoring these challenges, Laurelton Diamonds, a key subsidiary of the iconic luxury brand Tiffany & Co., has announced plans to lay off 26 employees at its Antwerp operations. This move comes as the … Read more