An Australian jeweller has been hit by a rip-off that uses a precise replica of the company’s website to idiot individuals into phony enterprise proposals. Based on the monetary report for the fiscal yr ending 31 March, Chow Tai Fook posted whole income of $HK98.9 billion ($AU18.24 billion), a forty one per cent increase in contrast with the same period final year. Matunga police arrest six men in reference to a gang concerned in a robbery of over 35kg of gold worth Rs 21 crore from two staff of a jewelry agency outside Dadar station. One of the arrested accused, Satyandra Pandey, is an worker of the firm. Police recover more than 6kg of gold and are trying to find 4 other accomplices, together with the wife of one of many accused.

Officials stated that there might be no double checks on India’s export of reduce and polished diamonds as the country makes use of diamonds coming by way of Antwerp and different geographies, and never instantly from Russia. G-7 will ban all imports of rough diamonds directly from Russia from January 1. India is expected to lead the global natural diamond demand in 2024 as a end result of its sturdy financial place and changing demographics. The Natural Diamond Council has pegged the worldwide diamond market at $100.four billion.

Organised by the Hong Kong Trade Development Council , The thirty ninth HKTDC Hong Kong International Jewellery Show and ninth HKTDC Hong Kong International Diamond, Gem & Pearl Show, might be held from 1 to 5 March at the Hong Kong Convention and Exhibition Centre. As a curtain-raiser for the dual jewellery reveals, the 24th Hong Kong Jewellery Design Competition was introduced on the press convention . The competition was jointly organised by the HKTDC, the Hong Kong Jewellers’ & Goldsmiths’ Association, the Hong Kong Jewellery & Jade Manufacturers Association, the Hong Kong Jewelry Manufacturers’ Association and the Diamond Federation of Hong Kong. It promotes local jewelry design excellence, nurtures talent for the industry and showcases Hong Kong-made jewellery to worldwide buyers. The Jewellery Cut is opening up a recent dialogue about design, adornment, gems and craftsmanship.

While the tendencies cycle turns more slowly in jewellery than in fashion, there isn’t any denying the shift in path of our desire for electrical colour and playfulness. Sophie Quy, government vice president at Threads Styling, says “dopamine dressing” extends as much to fantastic jewellery because it does to our clothes, with prospects falling for daring colour Auto News mixtures from the likes of Anabela Chan, Marie Lichtenberg and Savolinna. Jewellery continues to be a shiny spark amidst the Covid gloom that’s pervaded our lives these final two years. Reproduction of stories articles, photos, movies or another content material in complete or in part in any kind or medium without express written permission of is prohibited.

This is how the second life service was born,” says co-founder Jessica Warch. Young urban grooms in India are increasingly choosing platinum jewelry, similar to chains, bracelets, and earrings, as an alternative alternative to gold amid rising gold costs. Platinum is currently buying and selling around ₹25,000 per 10 grams, in comparability with gold costs exceeding ₹61,000 per 10 grams. The pattern is providing some reduction to the bride’s family, which traditionally presents jewellery to the groom throughout weddings.

Read the most recent jewellery information and insights from Retail Jeweller, spanning the jewellery retail trade, designer manufacturers, jewelry suppliers and wholesalers, and the retail business information that’s shaping the dialog within the UK jewelry market. At Retail Jeweller, our jewelry news is up to date day by day to maintain you informed and engaged with the trade news that basically matters. We additionally specialise in breaking jewelry information and insights, bringing you the most important updates at quick speeds so you possibly can stay knowledgeable and a part of the debate.

  • Rising native gold prices and a return to inflation will probably have dented client sentiment.
  • G-7 will ban all imports of tough diamonds directly from Russia from January 1.
  • “This comes off the again of the lack of safety and security, driven by being too reliant on just-in-time supply chains from the global village,” he explains.
  • Khemani additionally highlights the long-term funding alternatives within the IT sector, notably with the decline in US interest rates.
  • This family business, which has been round for nearly half a century, has greater than 2,000 different objects for sale on its site, together with its own Rocks-branded pieces, in addition to the highest watch and jewellery manufacturers and handcrafted diamond jewelry.

Same-store gross sales additionally elevated by 22 per cent compared with the same interval in 2019. Finally, a comprehensive Talks programme completely for jewelry enthusiasts will run this 12 months at Jewellery Arabia on the Diamond Dialogues Stage. However, engaged on nuances similar to design improvement, innovation and manufacturing might help it’s seen as rather more than just a low-cost manufacturing centre. The model of recent parliament, which was not on the market, was made by the group of jewellery manufactuerers who are members of SJMA.

In November, India’s gem and jewellery exports decreased by 4.52% YoY to Rs 19,018.18 crore (USD 2,263.34 million), marking an enchancment from the earlier yr. The Gem and Jewellery Export Promotion Council attributes the decline to produce disruptions and a voluntary halt in tough diamond imports as a result of geopolitical points. GJEPC Chairman Vipul Shah anticipates further enchancment, citing heightened competition demand and expects FY24 exports to surpass the previous financial yr. Regional jewellery demand within the Middle East was 15% higher in 2022 at 190t. Sizable positive aspects within the UAE and Saudi Arabia have been key contributors to the regional performance. But momentum slowed within the fourth quarter, largely in response to the excessive and rising gold price.