GJ Town India

De Beers highlights the significance of tech-powered diamond testing   Al Cook, CEO of De Beers Group, the world’s leading diamond company, reiterated the Group’s commitment to unlocking the full potential for Natural Diamonds (NDs) in India during his latest visit to the country.   As India continues to power ahead as the world’s fastest growing market for natural diamond jewellery demand, Cook and other senior leaders from De Beers Group have been visiting the country to meet with its range of leading retailers, traders, cutters and polishers, and industry groups.   The growth of India, the home of diamonds, across the diamond value chain: “For more than two thousand years, India has been at the heart of the world’s diamond industry. I have seen that history for myself over the past three days in Mumbai and Surat. But I have also seen that the future of diamonds in India will be even greater than the past. I have seen innovation.   I have seen coope...

  A heart-warming, first-of-its-kind Second Ear Piercing   De Beers Group, the world’s leading diamond company, will support diamond jewellery retailers in driving demand for natural diamond jewellery by showcasing a new gifting occasion in the lives of young consumers – the second ear piercing, which is an intrinsic part of India’s traditional culture and modern rituals.   De Beers is introducing a heart-warming ‘Love, From Dad’ collection as part of the Second Ear Piercing Ritual program. The collection highlights the unique and irreplaceable bond between fathers and daughters — one as rare, precious, and enduring as a natural diamond.   To amplify this concept nationally, De Beers Group has integrated the program into its partnership with the Gem & Jewellery Export Promotion Council (GJEPC) through the Indian Natural Diamond Retailer Alliance (INDRA), launched earlier this year. Retailers can register to participate in the alliance at, www.indraonl...

Elevated Financing Risks for Corporates The cost of financing could remain elevated Expected a gross borrowing of INR6.47tn in FY19 According to Arindam Som, Analyst & Soumyajit Niyogi, Associate Director of IndRa, a sustained tightening of monetary condition coupled with challenging external environment is likely to aggravate financing challenges for Indian corporates against the backdrop of not-so-benign domestic credit market, says India Ratings and Research (Ind-Ra). The agency previously highlighted that corporate credit spreads are likely to widen owing to the pressure on capital account in an environment of twin deficit, i.e. combined fiscal and current account deficit. An analysis of the top 500 debt-heavy corporates indicates that a gross borrowing of INR6.47 trillion (including refinancing) is expected in FY19. Amid challenges over sustenance of emerging markets’ foreign portfolio flows, a visible weakness in net domestic household savings rate, ...