Severe Recession Hits Gujarat’s Diamond Industry: 50% Factory Shutdowns, Job Losses, and Worker Struggles
Gujarat’s diamond industry is facing a severe recession, with over 50% of factories shutting down after Diwali, according to the Gujarat Diamond Workers Association.
India’s Diamond Industry Faces Setbacks Amid Declining Demand and G7 Sanctions
India’s diamond retail sector has faced significant challenges in the past three years, with declining demand in key export markets and disruptions from G7 sanctions on Russian-origin diamonds, as reported to Parliament.
Senco Gold Ltd. Launches QIP to Raise ₹500 Crore at Discounted Price of ₹1,139.49 per Share
With a floor price of ₹1,139.49 per share, representing a 2% discount to Tuesday’s closing price of ₹1,169.5. The stock is currently down 24% from its record high of ₹1,544 per share.
Gemmological Institute of India (GII) Celebrates 42nd Convocation, Recognizes Outstanding Contributions in Gemology Education
The Gemmological Institute of India (GII), renowned for its educational programs and gem testing expertise, celebrated its 42nd convocation on November 29, 2024, at the Garware Club House in Mumbai.
When Pop Culture Meets Fine Jewellery: Inside Solitario’s Tom & Jerry and DC Universe Collaboration
Luxury jewellery is undergoing a quiet but decisive shift. No longer confined to heirlooms and occasion wear, it is increasingly becoming a medium for storytelling, self-expression, and cultural relevance. Solitario’s latest collaboration with Warner Bros. Discovery Global Consumer Products captures this evolution with clarity — bringing two of the world’s most recognisable pop-culture universes, Tom […]
P N Gadgil Jewellers IPO: A Legacy of Trust and Expansion
P N Gadgil Jewellers, a renowned name in the jewelry industry, is gearing up for its Initial Public Offering (IPO). This marks a significant milestone for a company with a rich heritage dating back to the 18th century. Investors now have the opportunity to be part of a brand celebrated for its trust, craftsmanship, and commitment to quality.
Lucara recovers sixth diamond larger than 1,000 carats at Karowe mine in Botswana
Canada’s Lucara Diamond (TSX: LUC) has dug up a 1,094-carat diamond from its Karowe mine in Botswana.
Diamantaire and Rajya Sabha MP Govind Dholakia of Surat presents Natural Diamond “Navbharat Ratna” to Prime Minister Modi who dreams of ‘New Bharat’
In a remarkable and symbolic gesture, Govind Dholakia, Founder-Chairman Emeritus of Shree Ramkrishna Exports (SRK), presented Prime Minister Narendra Modi with a unique natural diamond called “Navbharat Ratna”. This extraordinary 2.120-carat diamond has been crafted to represent the outline of India, symbolizing the unity, beauty, and eternal brilliance of the country.
Govt contemplating to make hallmarking of gold bullion mandatory: Consumer Affairs Secy Nidhi Khare
The Government of India is considering making hallmarking of gold bullion mandatory as part of its efforts to ensure quality and transparency in the gems and jewellery sector. Consumer Affairs Secretary Nidhi Khare, speaking at the CII Gems and Jewellery Conference, emphasized the importance of protecting consumers by guaranteeing accurate and high-quality products.
International Gemological Institute (India) Ltd to Launch Rs. 4,225 Crore IPO on December 13, 2024
International Gemological Institute (India) Limited (IGI) is set to open its Initial Public Offering (IPO) on Friday, December 13, 2024, offering equity shares of the company to the public. The total size of the offer is Rs. 4,225 crore (Rs. 42,250 million), consisting of both a Fresh Issue and an Offer for Sale.