DIAMOND PRICES
Are diamonds a good investment option?
Falling prices and an unhealthy secondary market do not make it a good investment.
'Customer' vanishes with rare Rs 4.5 crore diamond after replacing it with lab-grown one
The thief, after checking the diamond, left on the pretext of withdrawing money for the transaction. After he left, the owner's son found out that the thief had replaced the original diamond with a lab-made one.
Are lab-grown diamonds forever? Examining their impact on the natural gems business
It’s 2024, and that carefully crafted chain of the diamond business is now being disrupted. Enter lab-grown diamonds (LGD). A lab-grown diamond, priced a fifth of a stone coming from a De Beers mine in Africa or from the Russian giant Alrosa, looks indistinguishable from a mined diamond. That alone has kindled consumer demand.
Four lakh workers face salary delays as lab diamond prices fall
Nearly four lakh workers in Surat's LGD industry face wage delays and job uncertainties due to falling prices of lab-grown diamonds, impacting revenue of units. Export demand is not as expected, leading to concerns of job losses. Export volume growth has slowed down, and the value of lab-grown diamonds has fallen significantly.
Rising gold prices drive Indian consumers towards lab-grown diamonds
The recent rise in gold prices has shifted consumer interest towards lab-grown diamond (LGD) studded jewellery due to its affordability. Major metropolitan areas are witnessing a surge in demand, with growth rates exceeding 15%, particularly in tech-populated cities like Pune. Consumers appreciate the value proposition of LGD jewellery, which offers more gold proportion within the same budget compared to natural diamonds.
Buyers return to stores as gold prices cool down
Gold prices fell by 4.5% in three weeks, boosting consumer sentiment. Mumbai's Zaveri Bazaar, Asia's largest gold market, saw increased activity at jewellers like Joyalukkas and Senco Gold & Diamonds.
- Go To Page 1
No more fretting over rising gold prices or purity of gold: Bring home stunning designs with the Tanishq Exchange Programme at 100% exchange value
Tanishq offers a Gold Exchange Programme where consumers can exchange their old gold jewellery for contemporary Tanishq pieces, providing value and updated designs.
Global glut takes shine off Indian lab-grown diamonds
Indian lab-grown diamonds (LGDs) prices crashed by 45% in FY24 due to overproduction in global markets. Indian LGD exports dropped by 18.2% in April to $83.77 million as demand rises with increasing gold prices, prompting consumers to opt for LGDs to reduce jewelry costs.
Lightbox Jewelry permanently reduces prices for lab-grown diamonds, starting at $500 per carat
De Beers Group's lab-grown diamond jewellery brand, Lightbox Jewelry, has announced a price reduction to $500 per carat for its Standard range of lab-grown diamonds. The move follows months of research and testing. The brand now offers three linear price points: $500 per carat for IJ colour stones, $600 per carat for GH colour stones, and $900 per carat for the highest quality DEF colour stones. All stones have a guaranteed minimum'very good' cut and VS clarity, with DEF stones featuring 'excellent' cut.
Akshay Tritiya: Malabar Gold & Diamonds, Bhima Jewellers, and Kalyan Jewellers report strong sales
Jewellers from South India such as Malabar Gold & Diamonds, Bhima Jewellers, and Kalyan Jewellers saw strong demand during this year's Akshay Tritiya. Malabar Gold and Diamonds reported a 39% increase in sales, totaling Rs. 1361 crore. Kalyan Jewellers also noted robust revenue growth, with Bhima Gold experiencing over 50% sales growth compared to last year.
Akshaya Tritiya buyers see the bright side; Q-comm coin deliveries see a hit
Industry executives in Kolkata predict a 20% year-on-year increase in Akshaya Tritiya sales value due to higher gold prices. Lightweight jewellery, including gold and silver coins, accounted for the bulk of demand, with gold trading at ₹72,633 per 10 gm on the auspicious day. Quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart also contributed to the surge in demand, delivering gold and silver coins within 10 minutes.
22KT, 18KT, 14KT gold price today from Indian Bullion and Jewellers Association (IBJA)
Gold prices on Akshaya Tritiya: If an individual is buying gold jewellery, then they should know the prevailing gold price of 22KT, 18KT or 14KT. This is because these are purity karats used for making gold jewellery. Usually, one cannot buy gold jewellery made of 24 Karat of gold. Read on to know the current gold prices.
Gold prices soften ahead of Akshaya Tritiya, boosting jewellers' expectations
Jewellers anticipate rising Akshaya Tritiya sales with lower gold prices. Demand increasing for everyday diamond jewellery and solitaires. Shift in consumer buying pattern towards high quality solitaire diamonds. Silver price growth surpassing gold as dependable asset classes.
Gold jewellery cost calculation: How jewellers calculate price of gold jewellery
Jewellers calculate gold jewellery price: While buying gold, many people do not check or know how the final bill amount is calculated by the jeweller for the gold jewellery. Further, some of them are unaware if they are buying 22 Karat gold jewellery or 18 Karat gold jewellery. There is a price difference between 22 Karat and 18 Karat gold jewellery.
Lab-grown diamond exports expected to grow by 7-9% in FY25: Report
The Lab-grown Diamonds (LGDs) exports are set to rebound in FY25, with an expected growth of 7-9% to reach around US$1500-1530 million, as per CareEdge Advisory. Despite recent declines due to falling prices, LGD demand is poised to increase due to factors like cost-effectiveness and environmental sustainability, with India emerging as a key player in the global LGD market.
Indian diamond jewellery market to grow to US$ 17 bn by 2031
Nirav Bhansali, Convener of National Exhibitions at GJEPC, said, “In the gems and jewellery industry, we are not merely purveyors of luxury; we are guardians of tradition, custodians of culture, and champions of craftsmanship. But in order to honor our rich heritage, we must also embrace the winds of change. Today, we are surrounded by the brightest minds and the most promising talents of our industry."
India's polished diamond exports drop 27.5% as key markets falter
The fall in exports forced the world's biggest diamond polisher to reduce imports of rough diamonds by 18% from a year ago to $14.27 billion in the financial year ended March 31, the Gem and Jewellery Export Promotion Council (GJEPC) said.
Indian jewellery bigwigs spread their wings in the US betting on the diaspora
Prominent Indian jewellery brands are expanding in the US despite challenging economic and geopolitical conditions. Luxury brands are capitalizing on the growing market and significant purchases by affluent members of the Indian diaspora. Tanishq, Kalyan Jewellers, and Vummidi Bangaru Jewellers are among those expanding their presence, with Tanishq leading aggressive expansion plans.
Gold price record run pushes Indian jewellers to offer diamond in lower cartage yellow metal
Gold price surge in India has affected diamond jewellery demand in India. Jewellers have switched to 14-carat gold in a bid to cut selling prices and thus not lose out on revenues. The industry has seen a rise in 14-carat options due to gold price increase.
Higher gold prices to impact volume 15-20%; diamond jewellery, making charges helping margins: Senco Gold MD
Suvankar Sen discusses the growth potential of the industry, competition concerns, and the impact of rising gold prices on consumer behavior. He emphasizes the importance of increasing the diamond stud ratio for future revenues and margins. Sen says: "In a Rs 7 - 8 lakh crore market, if you add up all the numbers of all the turnovers of the big industry players, you will see a lot of scope and a lot of room for all to keep growing"
Price surge dampens demand for jewellery: Senco Gold
In the last 30 days, the gold price has jumped about 10 per cent, and in the last six months, it has become costlier by 23-25 per cent. This sharp volatility has hit retail buying sentiment. Eid, Bengali New Year, Akshay Tritiya, and regional New Year festivities are expected to help bring demand into stores.
Top jewellery chains shy away from lab-grown diamonds amid lack of consumer interest
Top jewellery chains like Kalyan Jewellers and Tanishq are hesitant to adopt lab-grown diamonds due to low demand. Despite the growing popularity globally, Indian retailers like Joyalukkas remain cautious about integrating LGDs into their stores.
Jewellers forge gems bond as #JamnagarJewels trend
The recent Ambani pre-wedding celebrations have sparked interest in premium handcrafted jewellery. Jewellers have launched new lines of gemstone-studded ornaments, sourced from countries like Sri Lanka, Mozambique, Zambia, and Colombia. The middle class is also showing interest in these jewellery pieces, contributing to rising demand.
Koura Fine Diamond shares list at 36% premium over IPO price
Koura Fine Diamond Jewelry debuted on the BSE SME platform with a 36.4% premium. The IPO raised Rs 5.5 crore through a fresh equity issue of 10 lakh shares. The company supplies gold and diamond jewellery and recorded revenues of Rs 5.55 crore.
India's cut and polished diamond exports likely to hit five-year low in FY24, says CareEdge Ratings
India's CPD exports are expected to hit a five-year low in FY24 with a 25-30% dip to $15-$16 billion. Economic recovery, consumption markets, customer preference, and prudent management are crucial. Smaller carat diamonds fare better. LGD and G7 sanctions affect diamond pricing.
Lab-grown diamonds put natural gems under pressure
Lab-grown diamonds are reshaping the global diamond jewelry market, with production volumes growing rapidly. They offer lower costs, clean records, and are gaining popularity for engagement rings. The industry has faced challenges, but falling prices have spurred demand, especially in Mumbai.
Lab-grown diamond exports decline in December despite price fall
Lab-grown diamond manufacturers say that the export figures are down because of the price correction even though the export volume has increased. Export of polished LGDs for the period April -December FY24 stood at US$ 1024.6 million showing a decline of 22.97% over the comparative figure of US$ 1330.18 million in FY23.
Sparkle back as polished diamond prices rise 10%
A month ago, diamond prices had plunged by 35% due to excess supply amid weaker exports to the US which is facing recessionary pressures. Dinesh Lakhani, director (global business) of Kiran Gems, the largest diamond manufacturer in India, said, "The inventory has almost been liquidated. The supply-demand position has improved which has pushed up polished prices. The sales of diamonds in the US, though slow, is still moving."
Indian diamond industry to resume rough diamond imports from December 15
The suspension was collectively taken by the Gems and Jewellery Export Promotion Council (GJEPC), Bharat Diamond Bourse, Mumbai Diamond Merchants Association, Surat Diamond Bourse, and Surat Diamond Association, to address the challenges related to the imbalance between demand and supply.
Load More
