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Wishing for More Rough
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The closing bells of the first year of the new decade did not strike quite the right notes for the diamond industry — and that was especially true in India. Just when everything was looking upbeat on getting much-needed new rough supplies, the controversy surrounding...
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Polished Markets
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Jan 01, 2011
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Zainab S. Kazi
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Moving onto the Global Stage
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Jewelry buying in India is undergoing a gradual change. Consumers are no longer shying away from investing in diamond and gold jewelry, despite the price increases. The situation was not the same a year ago, when the purchase of jewelry was on no one’s agenda because of high prices. What...
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Polished Markets
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Jul 01, 2010
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Zainab S. Kazi
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Demand Picking up Domestically
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The soaring price of gold occupied the center stage yet again in India, with the news for the diamond industry nothing to cheer about. The month of May more or less remained cold for the diamond industry with no new activity or event taking place that could...
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Polished Markets
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Jun 06, 2010
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Zainab S. Kazi
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Meet and Greet Boosts Business
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The gems and jewelry industry saw a plethora of activities taking place in the month of April. The Diamond Trading Company (DTC) sponsored an industry event, “Meet and Greet with Varda Shine” in Mumbai on April 13. Shine, managing director of DTC, told the audience that the first...
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Polished Markets
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May 11, 2010
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Zainab S. Kazi
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Market Demand Shifting
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By and large, most of the major requests submitted by gem and jewelry industry leaders were not included in government budget proposals drafted for 2010-2011. Commenting on behalf of the Gem & Jewellery Export Promotion Council (GJEPC), Chairman Vasant Mehta remarked, “With the unprecedented recession faced...
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Polished Markets
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Apr 06, 2010
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Zainab S. Kazi
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Polished Markets
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Mar 07, 2010
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Zainab S. Kazi
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Strong Start for New Year
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There is little doubt the recent holiday season proved to be much better than 2008. Anil Shah from Venus Jewels said the local markets generated a good amount of business, although not as much as the overseas market. “Most of the goods moved well,” he commented. “Large stones and...
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Retail
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Feb 03, 2010
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Zainab S. Kazi
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Reviving Business
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This was perhaps one of the most difficult years for the world economy — ever. From automobiles to real estate to stock exchanges and, of course, the gems and jewelry industry – the loss suffered was not anticipated. As we step into 2010, the gems and jewelry industry...
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Retail
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Dec 01, 2009
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Zainab S. Kazi
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India Market Report
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The diamond industry in India has real reasons to cheer. In addition to the fact that the American economy is finally showing signs of revival, the domestic news also is good for Indian diamantaires. Consumer interest in the purchase of gems and jewelry has shown a remarkable upswing in spite of the...
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Retail
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Oct 30, 2009
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Zainab S. Kazi
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India Market Report
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With the festive holiday season just around the corner, demand for jewelry in India is on the rise, despite the fact that the price of 10 grams of gold is touching the $330 mark. Good news is coming in for the diamond industry as well, with the Gem and Jewellery...
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Retail
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Oct 01, 2009
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Zainab S. Kazi
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India Market Report
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The Union Budget 2009 presented by the newly elected government managed to bring some smiles to the gems and jewelry industry in India. The best news came in three provisions: the removal of the excise duty on branded jewelry, the elimination of all duty on coral imports and the...
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Rough Markets
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Aug 01, 2009
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Zainab S. Kazi
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India Market Report - Market Size Shrinks
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With the marriage season underway in India, the demand for gold is gradually stabilizing, especially since the drop in gold prices in recent weeks. The same cannot be said about diamonds, though. Demand for diamond jewelry has not yet picked up any momentum and the diamond...
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Retail
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May 01, 2009
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Zainab S. Kazi
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India Market Report
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Two months into the New Year and still no signs of respite for the diamond industry in India. The liquidity crunch, coupled with the uncleared stock of goods, remains the prime worry of players in the market. Industry Analysis“I would classify the problems faced by the diamond...
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Retail
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Mar 01, 2009
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Zainab S. Kazi
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India Market Report:Still in the Doldrums
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The beginning of 2009 has not managed to bring any positive news for the sulking diamond industry in India. The players are still very much skeptical of any positive signs of recovery coming anytime soon as demand globally has fallen off. In fact, the industry witnessed a 20 percent...
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Retail
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Feb 01, 2009
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Zainab S. Kazi
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India Market Report: Anticipating a Positive 2009
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The Gems and Jewellery Export Promotion Council (GJEPC) seems to be in no mood to enter the New Year still carrying the baggage of negativity that surrounded the industry in 2008. To make sure that the year 2009 is beneficial to the industry players, the council has appealed to the government...
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Retail
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Jan 01, 2009
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Zainab S. Kazi
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India Market Report: Industry Upheaval
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In spite of India’s ongoing Diwali festival, the gems and jewelry industry in the country, particularly diamonds, seems to have lost its sparkle for celebrations of any kind. Even De Beers announced a cut in supply to avoid a crash in the market. Surat SlumpSurat is witnessing a major crisis. Most affected are...
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Mining
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Nov 01, 2008
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Zainab S. Kazi
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Stagnant Market Expects Recovery
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Traders in the Indian gems and jewelry industry dealing in gold all have reason to smile, as the market for gold has suddenly shot up with the recent price correction. Another reason for the increase in demand for the yellow metal is because the marriage and holiday...
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Rough Markets
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Oct 01, 2008
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Zainab S. Kazi
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India Market Report
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With the India International Jewellery Show (IIJS) happening in Mumbai in August, the attention of the gems and jewelry industry in India — and also to some extent across the globe — was focused on India during the month. Overall, the show didn’t change much in terms of stabilizing business,...
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Rough Markets
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Sep 01, 2008
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Zainab S. Kazi
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India Market Report
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Gloomy days for the diamond industry in India continue, as evidenced by the negative response to the JCK show held in New Delhi and the death of a diamond worker during a strike in Surat. In addition, the Diamond Trading Company (DTC) price rise of approximately 5 percent has not gone down...
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Rough Markets
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Aug 03, 2008
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Zainab S. Kazi
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India Market Report
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It is going to be a long wait before the diamond industry in India shows any signs of improvement. The scarcity in raw materials has caused prices for better-quality goods to increase by 15 percent to 40 percent in the past few months. Between April 2007 and May 2008, the price of a 3-carat diamond rose...
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Retail
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Jul 01, 2008
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Zainab S. Kazi
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