Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

DGFT calls for e-commerce boost to transform India into a global leader in gold jewellery exports

29 january 2024

The Government of India's 'Directorate General of Foreign Trade' (DGFT) has urged the Gem & Jewellery Export Promotion Council (GJEPC) to popularise jewellery exports through e-commerce and to position India as a top supplier, design creator and value-adding hub for gold jewellery.

Speaking at the India Gold & Jewellery Summit, held on January 23 and 24 in Delhi, Santosh Kumar Sarangi, Director General of DGFT said, "India stands as one of the largest buyers of gold globally, showcasing considerable buying power that can potentially influence the streamlining of gold prices and availability. The potential of e-commerce in cross-border transactions is vast, with estimates predicting a rise to 2 trillion dollars by 2030."

Vipul Shah, Chairman, GJEPC said: "The collaboration between the World Gold Council and GJEPC, along with other stakeholders, is a positive step in prompting collective reflection. The India Gold & Jewellery Summit aims to create a dialogue between the policy makers and the industry to help create policies for growth of trade and exports from India’s gem and jewellery sector."

Somasundaram PR, Regional CEO, India, World Gold Council (WGC), said, “Gold has touched its lifetime high amidst very high interest rates and booming stock markets. Central banks bought lots of gold last year and they continue to stock upon gold lifetime high prices. India will see a huge rebound in gold demand as prosperity rises and as organized retail grows significantly. We have to be prepared for a robust market. We shall publicly unveil a self-regulatory body soon and we require support from apex trade bodies such as GJEPC and other industry constituents.”

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished