Following approval by the Board, DTC Botswana has appointed Shrenuj Botswana (Pty) Limited as a DTC Botswana Sightholder. This decision has been taken in order to support the sustainability of diamond manufacturing capacity within Botswana. The unprecedented global economic downturn threatened the viability of an existing cutting and polishing factory in Gaborone, and Shrenuj Botswana’s [...]
De Beers, Rio Tinto Expected to Participate in Indian Geological Board Meeting
De Beers and Rio Tinto are expected to participate in the first meeting of the newly constituted Central Geological Programming Board (CGPB) Committee X on Fundamental and Multidisciplinary Geoscience, due to be held on 22nd July, 2009, in the Geological Survey of India’s Central Headquarters in Kolkata. As a follow up of the New Mineral [...]
Flawless Diamond Receives Two Orders for $3 Million
Flawless Diamond India Ltd, which says its diamond and designer jewelry export business has started to pick up again, has received 2 large orders worth $3 million in total. One order is from Madrid Impex FZE of Dubai, while the other is from Malay Impex of Hong Kong.
Report Finds Emerging Markets Driving Growth in Global Gem and Jewelry Market
The global gem and jewelry industry over the past decade has witnessed significant changes and exhibited growth, on account of increasing income as well as demand from the emerging economies across the world, finds a new report. Among the various types of jewelry, plain diamond jewelry accounted for the largest share of the global jewelry [...]
India Launches Diamond Jewelry Promotion
India’s Gem & Jewellery Export Promotion Council (GJEPC) has come together with retailers, manufacturers and miners with a lone mission to promote the diamond jewelry trade in India. The desire is to gain and expand the access in the domestic market to increase the diamond jewelry sales in India to perk up the profit margins [...]
Gitanjali Lifestyle Sets Up Joint Venture with Damas
Gitanjali Lifestyle Ltd the wholly owned subsidiary of Gitanjali Gems Ltd has decided to set up a joint venture company in India in association with Damas LLC, Dubai for retail trading of all kinds of jewelry and related accessories. Damas has received the necessary approval from the Foreign Investment Promotion Board for setting up the [...]
India’s Gems and Jewelry Industry Seeks Budgetary Relief
In the recently held discussions with the Honorable Finance Minister, Shri Pranab Mukherjee, representatives from various export sectors put forth their issues, problems and expectations from the forthcoming budget. Representing the Gem & Jewellery industry, Vasant Mehta, Chairman, Gems and Jewelry Export Promotion Council (GJEPC), presented a plan that would not just help the Industry [...]