Diamond World Magazine - March - April 2024

In this issue

ROUGH DIAMOND IMPORT DOWN BY 8% OWING TO G7-EU BAN: GJEPC
Vipul Shah, Chairman, GJEPC, talks to Suneeta Kaul about the steps that are being taken to address the challenges and mitigate the situation

JEWELS OF TIME: BEST WATCHES FROM WATCHES & WONDERS, GENEVA
Renowned brands showcased their finest creations, captivating everyone with their exquisite craftsmanship and luxury

Stargems Group Acquires the Koffiefontein Diamond Mine in South Africa

Stargems Group, based in Dubai, has acquired the Koffiefontein diamond mine in South Africa from Petra Diamonds, marking its third such acquisition in the country.

1 min

Lucara Diamond Corp. Discovers Large Diamonds at Karowe Mine in Botswana

Lucara Diamond Corp. recently announced the discovery of several significant rough diamonds from its latest production cycle at the Karowe mine in Botswana, with the largest standout weighing an impressive 320 carats.

1 min

Okavango Diamond Company Joins NDC as Newest Member

NDC has welcomed its newest member, the Okavango Diamond Company (ODC), into its fold. This government-owned entity, focused on marketing rough natural diamonds, joined the ranks of industry leaders such as De Beers and other responsible mining enterprises.

1 min

Gemfields Profit Falls 86% on Cancelled Auction

Colour gemstones miner Gemfields has reported an 86% drop in pre-tax profit for 2023, due partly to the cancellation of a high-quality emerald auction in November, a lower number of carats sold and a write-down in its platinum group metals investments.

1 min

WDC Fixes Sept 21 as Deadline for Revised System of Warranties

The World Diamond Council’s revised System of Warranties is set to reach its first critical deadline on September 21, 2024.

1 min

GJEPC Presents 50th India Gem & Jewellery Awards to Export Leaders

The Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 50th India Gem & Jewellery Awards (IGJA, to exporters.

1 min

WFDB Concludes Annual Presidents' Meeting in Shanghai

The World Federation of Diamond Bourses (WFDB) concluded its annual Presidents’ Meeting for 2024, held in Shanghai, China.

1 min

GIA Opens New Lab in Dubai

Gemological Institute of America (GIA) opened a new, state-of-the-art diamond grading laboratory, GIA Laboratory DMCC (Dubai Multi Commodities Centre) in Dubai on February 19, 2024.

1 min

Signet Jewelers Reports 6.3% Decline in Q4

Signet Jewelers reported a 6.3% decline in total sales to $2.5 billion during the quarter that ended February 3, 2024. Same-store sales were down 9.6%, compared to the previous year.

1 min

Guinness World Records Recognizes Largest Tanzanite Sculpture

On March 9, 2024, a momentous occasion took place at the Rice Northwest Museum of Rocks & Minerals in Hillsboro, Oregon, marking a historic milestone in the world of gemstones.

1 min

THE NEW JEWEL IN TOWN: LAB-GROWN DIAMOND JEWELLERY TAKES CENTRE STAGE

Lab-grown diamond jewellery is not a fad. While many Indian retailers choose to be circumspect about jewellery laden with labgrown diamonds, which are chemically, optically and physically identical to natural diamonds, there is most definitely a revolution happening in this space, driven by demand backed by sheer affordability

10+ mins

Russian Diamond Imports ROUGH DIAMOND IMPORT DOWN BY 8% OWING TO G7-EU BAN: GJEPC

The phased ban on the import of Russian diamonds imposed by the G7 nations and the EU has thrown the global industry out of gear - India is particularly concerned as the livelihood of millions of people might be impacted. Vipul Shah, Chairman, GJEPC, talks to Suneeta Kaul about the steps that are being taken to address the challenges and mitigate the situation

5 mins

GemGenève BUDDING DESIGNERS TO WATCH OUT FOR AT GEMGENEVE

Visitors to GemGenève's forthcoming edition, between May 9 and May 12, 2024, at Palexpo Hall 1, should not miss the amazing space known as the Designer Village. Bringing together rising stars of the gem and jewellery industry, the Village offers an uplifting overview of some of the most promising talents

3 mins

Venus Jewel ETHICAL SOURCING, RESPONSIBLE MANUFACTURING AT THE CORE OF VENUS JEWEL

Venus Jewel began its journey with a vision to revolutionize the industry, and took the bold step of becoming the first to specialize in premium size natural diamond manufacturing in India. This pioneering approach has allowed the company to differentiate itself from competitors, and cater to a unique market segment

4 mins

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Diamond World Magazine Description:

Diamond World is pure business magazine for gem and jewellery industry across the world. It includes analytical stories, interviews of prominent personalities, special features, company profiles, design columns, trend trakker and lot many news which one needs to get updated with.