Jewellers Battling Soaring Prices As Rising Prices Hit Trading

IndusInd Bank has launched its ‘Indus Solitaire Program’, a group banking initiative designed for the diamond industry. The program shall be supplied via its flagship branches in Mumbai and Surat, offering exclusive advantages and options. The program contains 24×7 locker access, add-on family accounts, zero cross-currency markup fee on overseas exchange, custom-made diamond trade worker wage accounts amid other services. Officials stated that there will be no double checks on India’s export of minimize and polished diamonds because the nation uses diamonds coming through Antwerp and other geographies, and not instantly from Russia. G-7 will ban all imports of tough diamonds directly from Russia from January 1.

  • Levy believes messaging is essential, pointing to the success of actress Jane Seymour’s US jewelry line, Open Hearts, following the Global Financial Crisis in 2008.
  • Lab-created diamond brand Lightbox Jewelry will experiment with lowered prices in a bid to navigate challenging market situations.
  • Like “sustainability,” the word “recycled” can mean various things to totally different people.
  • Four males posing as policemen stole jewelry value over Rs 39 lakh from Kamal Chaudhary in central Delhi’s DBG Road.
  • Desired worldwide for its inherent magnificence, sturdiness and rarity, platinum stands tall as a precious metal of selection and a pivotal component in luxury jewellery designs.
  • By the time summer demand sets in, interest rate movements may make bullion dearer.

Hong Kong’s jewelry retail sector registered double-digit progress in sales in January, due to a extra favourable tourism and total economic environment. Sometimes Jewelry Accidents Are Just Waiting to HappenExperts recommend checking your gems frequently for free or damaged stones. It will offer its companies Jewelery News to over 1,150 diamond corporations on the Dubai Multi Commodities Centre . This info doesn’t keep in mind any investment objectives, monetary situation or specific needs of any specific particular person.