Gemkonnectseo · Newsroom

Listed Indian Jewellery Retail Stocks Rise In Wake Of GST Announcement
Shares of gem and jewellery firms listed on the Bombay Stock Exchange (BSE) surged on Monday in the wake of the Indian government’s announcement that gold and gold jewellery would attract a Goods & Services Tax (GST) of 3 percent.

July 6, 2017

Indian Digital Gold Buying System Now Expanding To Jewellery
Indian online digital wallet and retail system Paytm says it has sold more than 100 kilograms of gold on its platform and is now in discussions with jewellers across the country to enable buyers to redeem their digital gold in the form of jewellery.

July 6, 2017

70% Drop In Jewellery Buying In India On First Day Of GST Regime
Daily jewellery sales in India declined by 70 percent on Monday, the first full day after the roll-out of the country’s new Goods and Services Tax (GST), according to Nitin Khandelwal, Chairman of the All India Gem & Jewellery Trade Federation (GJF).

July 6, 2017

PANDORA Rolls Out New Products To Stimulate US Sales
Copenhagen-based mass-market jewellery brand PANDORA, which saw revenue declining 10 percent over the first quarter of this year

July 6, 2017

$50M Of New DPA Marketing Budget Will Go To US Promotions
The Diamond Producers Association (DPA) plans to throw $50 million of its just-announced 2017 marketing budget of $57 million into US market promotions.

June 30, 2017

Indian Tax On Rough Import Retrograde, Says GJEPC Chairman
The Indian government announced its long-awaited tax regime for the gem and jewellery industry under the new Goods and Services Tax (GST) system over the weekend.

June 30, 2017

2016 US Demand Hit $41B, But Emerging Markets Driving Growth: De Beers
While US consumers now account for roughly half of all diamond jewellery bought worldwide, buying $41 billion of the $80 billion sold globally

June 15, 2017

Signet Submits Conflict Minerals Report To SEC For Fourth Year
Signet Jewelers Limited said that it had recently submitted its fourth consecutive Conflict Minerals Report to the Securities & Exchange Commission (SEC) in accordance with Section 1502 of the Dodd-Frank Act.

June 15, 2017

GJEPC-ALROSA Agreement May Lead To Direct Russian Rough Sales In India
India’s Gem & Jewellery Export Promotion Council (GJEPC) and state-controlled Russian diamond mining giant ALROSA signed

June 15, 2017

Personal Luxury Goods Market May Grow To $290B This Year: Bain
The global personal luxury goods market is expected to grow by 2 to 4 percent to €254-€259 billion

June 2, 2017

Recovering Demand From India Sees ALROSA Revenues Climb
In a sign that it was recovering from a slump in 2016, brought about mainly by the Indian currency reform that adversely impacted demand from its Indian long-term clients

May 30, 2017

Signet Q1 Same Store Sales Slide 11.5%; Outsources Customer Credit
Signet Jewelers Limited announced that same store sales declined 11.5 percent during the first quarter of fiscal 2018 — the 13 weeks ended April 29, 2017.

May 26, 2017

Higher Diamond Wholesale In Asia Helps Stem Tiffany Results Slide
Tiffany & Co., reporting results for the year ended January 31, 2017, said worldwide net sales rose 1 percent to $900 million due to growth in Asia-Pacific and an increase in the sale of diamonds on a wholesale basis.

May 26, 2017

De Beers Announces 2 Million Forevermark Inscriptions
De Beers today announced that its Forevermark diamond brand has inscribed its two millionth diamond.

May 26, 2017

Gemfields, Lucara, Aurora & ARM Get Chopard Responsible Supply Award
Caroline Scheufele, co-president and creative director of Swiss luxury watch and jewellery company Chopard

May 26, 2017

ALROSA Gets Majority Stake In Angola Diamond Deposit Estimated At $35B
ALROSA President Sergey Ivanov and Angolan national diamond company Endiama President Antonio Carlos Sumbula signed and agreement giving ALROSA a 50.5 percent stake in Angola’s Luaxe diamond deposit.

May 25, 2017

10-Carat Marquise Diamond Ring To Lead Bonhams April 27 Sale
A single-stone ring by Van Cleef & Arpels featuring a 10.28-carat, E colour, marquise-cut diamond is set to lead the Bonhams London Fine Jewellery sale on April 27. The ring has a pre-auction estimate of £150,000-£200,000 ($187,200-$250,000).

May 24, 2017

CBI Files 6 Fraud Cases Against Winsome Diamonds, Jatin Mehta
India’s Central Bureau of Investigation (CBI) on Wednesday registered six cases against Winsome Diamonds and Jewellery Ltd.

May 24, 2017

NY Police Arrest 10 For Scamming US, Indian Dealers Of $9M In Diamonds
Police arrested 10 suspected Russian gangsters on Wednesday for allegedly defrauding diamond dealers in New York, Las Vegas and Mumbai out of more than $9 million in diamonds.

May 24, 2017

Seek Help To Develop Diamond Processing, Indian Envoy Tells Zimbabwe
Indian Amabassador to Zimbabwe Rungsung Masakui said that country should partner with other countries to establish a diamond cutting and polishing centre if the country is to benefit from value-addition of its gemstones.

May 24, 2017

Carat Lane To Add 30 Retail Stores, Double Turnover By Fiscal Year End
Indian online jewellery retailer CaratLane, now majority owned by the Titan Company, which owns India’s largest jewellery brand Tanishq

May 24, 2017

TSL Says Adverse Impact Of New US Govt. On China Added To Sales Drop
China jewellery retail major Tse Sui Luen Jewellery (TSL), which reported a drop in turnover and profits for the fiscal year ended February 28

May 24, 2017

Gemfields Undervalued In Pallinghurst Takeover Bid, Say Shareholders
Angry minority shareholders in the UK of coloured gemstone producer Gemfields Plc have rejected an unsolicited takeover bid by Pallinghurst Resources, which already owns 47 percent of the coloured gemstone mining firm.

May 24, 2017

UN Sending Additional Peacekeeping Forces To CAR Diamond-Mining Town
The United Nations said it plans to send additional peacekeeping forces to the diamond-mining town of Bangassou in the Central African Republic (CAR), to quell a recent wave of violence.

May 24, 2017

ALROSA March 2017 Rough Diamond Sales $554M
Russian diamond miner ALROSA sold $554.2 million worth of rough diamonds and $12.4 million in polished over March 2017.

May 20, 2017

LVMH Watches & Jewellery Group Q1 Revenue +14% To $932M
Luxury group LVMH Moët Hennessy Louis Vuitton reported revenue of €879 million ($932.1 million) for its Watches & Jewellery business group in the first quarter of 2017.

May 20, 2017

Luxury Watches Route Through US Grey Market As Chinese Demand Fades
Sales that have fallen 8 percent over the first two months of this year, on top of a 10 percent fall through 2016, have diverted luxury watch sales from the China market to the US grey market, reports Reuters.

May 20, 2017

WDM To Unveil Diamond Retailer Promotion Initiative At Las Vegas
The World Diamond Mark Foundation (WDM) will launch its Part of You diamond retailer

May 18, 2017

De Beers To Auction Polished From Its Own Manufacturing
De Beers today announced that its Auction Sales business will pilot the sale of its own polished diamonds using auctions for the first time.

May 18, 2017

IDE Opens E-Commerce Wing For Members
The Israel Diamond Exchange (IDE) opened a new wing dedicated to promoting internet marketing among its members.

May 18, 2017

Diamond Earrings Fetch Record $57.4M At Sotheby’s Geneva Auction
A pair of pear-shaped diamond earrings nicknamed Apollo and Artemis, were sold at auction in Geneva by Sotheby's on Tuesday for a record $57.4 million.

May 17, 2017

Steady Demand, Says Bruce Cleaver As De Beers Sells $520M In Cycle 4
De Beers announced that its provisional sales total for the fourth cycle of 2017

May 17, 2017

Jewellery Sales Account For 82% Of $535M Titan Q4 Revenue
Titan Co. Ltd., which owns the Tanishq jewellery brand, the Titan watch brand and holds a majority stake in online jewellery retailer Carat Lane

May 15, 2017

Jewellery Sales Increases Help Offset Richemont Sales, Profit Drop
Swiss luxury group Richemont, which owns the Cartier and Van Cleef & Arpels jewellery brands

May 15, 2017

GIA Announces 2018 Gem Symposium With Harvard Business School
The Gemological Institute of America (GIA) will convene its sixth International Gemological Symposium in Carlsbad

May 15, 2017

Auction Of Diamond Paintings To Benefit Jewelers For Children
Two diamond paintings by jewellery designer and artist Reena Ahluwalia will be auctioned at the Jewelers for Children Facets of Hope event in Las Vegas.

May 15, 2017

New LVMH Luxury Website Will Feature Rival Brands As Well
French luxury brand LVMH Moet Hennessy Louis Vuitton SA, which owns the Bulgar

May 15, 2017

Indian Parliamentarians Visit Gem & Jewellery Skill Development Centre
A 20-member delegation of India’s Parliamentary Standing Committee on Labour, led by MP Kirit Somaiya, visited training centres of the Gem

May 9, 2017

Plumb Club, JCK To Host DPA Presentation On Promotions To Millennials
The Plumb Club and JCK announced that they will be partnering to host a Diamond Producers Association (DPA) presentation that will discuss the challenge of changing millennial perceptions about diamonds

May 9, 2017

Signet Settles Equal Opportunity Lawsuit
Signet Jewelers Limited announced that it had reached an agreement with the Equal Employment Opportunity Commission (EEOC) to resolve all claims related

May 9, 2017

GIA Detects Natural White Diamond With Fancy Blue CVD Layer On Top
GIA Detects Natural White Diamond With Fancy Blue CVD Layer On Top

May 6, 2017

De Beers Research Project To Store Carbon In Kimberlite
De Beers Research Project To Store Carbon In Kimberlite

May 6, 2017

Signet Announces Retirement Of Veterans Lee, McEwen
Signet Announces Retirement Of Veterans Lee, McEwen

May 6, 2017

De Beers: $5B In Returns To Partners, Local Communities In 2016
De Beers: $5B In Returns To Partners, Local Communities In 2016

May 6, 2017

Diamond Empowerment Fund Award Recipients To Be Honoured In Las Vegas
Diamond Empowerment Fund Award Recipients To Be Honoured In Las Vegas

May 6, 2017

Zimbabwe Govt. Settles With Ousted Private Miners In Marange Takeover
Zimbabwe Govt. Settles With Ousted Private Miners In Marange Takeover

May 6, 2017

Watches, Jewellery In Double-Digit Growth As Kering Reports Record Q1
Luxury group Kering reported a record performance for the first quarter of 2017, reporting revenue of €3.6 billion ($3.93 billion) for the period.

May 6, 2017

KP Must Now Face Non-Conflict Issues Like Origin Guarantees: Polyakov
KP Must Now Face Non-Conflict Issues Like Origin Guarantees: Polyakov

May 6, 2017

IIDGR Launches Synthetic Diamond Detection Course
The International Institute of Diamond Grading & Research (IIDGR), part of the De Beers Group

April 29, 2017

$43B Gems & Jewellery Exports Make Up 16% Of Indian Total
India’s exports of gems and jewellery provisionally increased 9.85 percent to $43.16 billion in fiscal 2017 (April 2016 to March 2017) over the $39.24 billion in fiscal 2016 (April 2015 to March 2016)

April 29, 2017

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