GJ Town India

                                         Second wave of Covid-19 in India                                                                                        Lower rough diamond demand!   Robust demand for diamond Jewellery in the key US and China!   Jewellery Market Bureau:  De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fourth sales cycle of 2021. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the fourth sales cycle of 2021, with the Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 4 represents the expected sales value for the period 3 May to 18 May and remains subject to adjustment based on final completed sales.   Bruce Cleaver, CEO, De Beers Group, said: “We continue to see robus

Economic growth prospects in both countries could be negatively affected Diamond jewellery India: demand potential, revenue flat! Recently published report, ‘The Global Diamond Industry 2018, A resilient industry shines through’ said about Diamond jewelry retail segment. The report says, the luxury category has been stable compared with global GDP for the past five years, marking resilience to generational shifts. The luxury segment has adapted to changing consumer preferences and behavior. Keeping in line with luxury market trends, global diamond jewelry sales grew 2% in US dollar terms in 2017. Demand for diamond jewelry is expected to continue or even accelerate in 2018, steered by high demand from affluent consumers. An increase in retail diamond jewelry sales is attributed to a strong economy and favorable macroeconomics in the US, namely growing consumer credit, shrinking unemployment and higher wages. Demand in China grew for the first time since 2013