GJ Town India

  Understanding diamonds affordability & desirability Demand for diamonds over the long term is influenced primarily by affordability, which is closely linked to key economic fundamentals such as the growth of GDP and PDI. Additionally, the desirability of diamonds, both within the jewelry sector and relative to other nonessential goods and experiences, plays a significant role.  Historical data shows a close correlation between the demand for luxury goods, including diamonds, and real GDP and PDI. Affordability will continue to be supported in the long term by GDP and PDI expansion. However, a closer examination by country reveals a more nuanced picture. In the US, diamond demand has recently been somewhat stronger than PDI growth would indicate.   The natural diamond sector was notably robust after Covid-19 restrictions eased, benefiting from a rebound in weddings (a 12% increase in 2022 over the long-term average) and a heightened emphasis on emotional gifting...

Maiden in-depth report from DMCC: the future of LGDs   Dubai Multi Commodities Centre (DMCC) said, this publication serves as the first in-depth thought leadership report from Dubai Multi Commodities Centre (DMCC) on the Lab Grown Diamond (LGD) industry. It discusses how this nascent product will shape the Future of Trade, gathering insights from key industry leaders on the opportunities and challenges brought about by LGDs at all levels of the value chain.   The lab-grown diamond sector has undergone remarkable growth over the past five years, reaching a global retail sales value of USD 12.24 billion in 2022. However, recent growth deceleration coupled with increased production has prompted reflection within the LGD industry about its future trajectory against this backdrop, mid-2023 marked a pivotal moment for stakeholders across the LGD value chain to convene and chart a concrete path forward.  The inaugural LGD Symposium took place in Dubai, July 2023, hosted ...

Time for the transitioning of revised System of Warranties  The World Diamond Council (WDC)’s calls out to industry members to seize the moment and be ready in time, to meet the deadline for rough diamond sales. The WDC’s revised System of Warranties (SoW) is set to reach its first critical deadline today, on September 21, 2024, as the three-year grace period to convert to the new system for rough diamond sales is about to end.  See below a selection of FAQs aimed at helping your company to reach the deadline with ease.  1) The System of Warranties: It’s a global mechanism created by the WDC for the industry, so that companies relay to the next buyer in the supply chain that the goods they are trading are in compliance with the Kimberley Process Certification Scheme (KPCS) and the SoW Guidelines, hence passing down the warranty of a conflict-free origin, as well as the assurance of adherence to other responsible business principles such as human rights, labor rights, anti...

Scholarships that will each be awarded once annually   SSEF is launching two educational scholarships in gemmology that will each be awarded once annually. They allow the scholarship winner to take a course at SSEF for free. SSEF will also cover the necessary economy flights and hotel costs required for the candidate’s participation (1 person) in the course. The SSEF Foundation aims to make gemmological education more accessible to students with a passion for the subject but with limited financial resources. These two scholarships also align with the SSEF Foundation’s commitment to fostering excellence and knowledge within the jewellery and gemstone industry since 1972.    The two scholarships have been named in honour of Henry A. Hänni and George Bosshart, both past directors of SSEF who significantly contributed to gemmological research and education.    The deadline for applications is November 15th 2024, winners will be announced December 16th 2024. ...

  Much needed traceability for diamond supply chain!   In the recently published DMCC’s report, The Future of Trade, Provenance, Traceability and Technology said, the diamond industry faces significant challenges, including changing consumer behaviour, the rise of Lab Grown Diamonds (LGD) and the G7 import restrictions. At this critical time there is a need for advanced traceability solutions to maintain the integrity and sustainability of the diamond supply chain.   Events such as DMCC’s Provenance, Traceability and Technology Forum, hosted alongside Original Luxury  in May 2024, have successfully gathered hundreds of the world’s leading diamond industry stakeholders to Dubai to discuss the main challenges linked to advancing traceability solutions in the diamond industry. The forum proved that while significant progress has been made, key challenges remain in ensuring transparency, combatting the trade of conflict diamonds, and adhering to evolving regulatory ...

  Diamond price formation in the short term   Looking at the future of the natural diamond industry, BCG said in the in collaboration with De Beers Group that “Stable midstream inventories expected to remain, while efficiency reduces downstream inventory!” Natural diamond inventories are held across all stages of the diamond value chain at varying levels.   Inventory management dynamics directly influence diamond price formation in the short term by impacting the immediate supply availability. Midstream and downstream inventory levels are particularly relevant as demand flows up through the value chain. Midstream: In the short term, midstream inventories fluctuate, largely driven by prevailing market conditions, short-term views on the market outlook, and financing. Longer term, structural midstream inventory levels are dictated by the need to manage stock for operational purposes.    Although efficiency and scale gains in the midstream have generally r...

Presents a specially curated natural diamond jewellery collection   This Daughter’s Day, take a moment to celebrate the unique brilliance your daughter brings into your life. De Beers Forevermark presents a specially curated collection of natural diamond pendants-each piece thoughtfully designed to honor her strength, grace, and individuality. These timeless pendants serve as a beautiful way to express your love and admiration. Today’s daughters symbolize so much: strength, resilience, and boundless potential. They are shaping the future with confidence and determination.  A De Beers Forevermark pendant is a meaningful gift, a tribute to her unique spirit, and a reflection of the love she brings into your life. Every pendant features a natural diamond as rare and precious as she is, offering a lasting symbol of your bond.    Crafted in 18k gold, Forevermark pendants seamlessly blend modern elegance with classic design, making them perfect for daily wear.  Whe...