[Wedding Pearl Jewelry | Bridal Pearl Necklace] 4/15/2018 09:42:00 AM

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Participants in the Indian diamond industry, suffering from a constant shortage of rough diamonds, welcomed De Beers' recent announcement of a change in the sales model.
De Beers has adopted a more flexible approach to sales of rough diamonds to non-sightholder companies that can now purchase diamonds through the Global Sightholder Selling System (GSS).
The updated model for the distribution of raw materials provides for the application of a new method for determining the customer base of GSS in accordance with the new simplified process of qualifying clients based on their compliance with De Beers requirements and their demand for rough diamonds.
As De Beers CEO Philippe Mellier stated: "The sightholder system has been the foundation of our sales model for many decades and will remain so in the new contract period. However, the changes that we are going to introduce give more flexibility when acquiring the De Beers product.

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Posted By Blogger to Wedding Pearl Jewelry | Bridal Pearl Necklace at 4/15/2018 09:42:00 AM

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In June 2014, Indian polished exports amounted to $ 1.469 billion (2,695,000 carats), down 0.66% from 2,806,000 carats of diamonds worth $ 1.478 billion, exported in June 2013, according to preliminary figures from the Council for the Promotion of the Export of Gemstones and Jewelry (Gem & Jewelery Export Promotion Council, GJEPC).
Between April and June 2014, polished exports from India totaled $ 4.740 billion in value terms and 8,106 carats in volume, down 0.67% on a year-on-year basis (compared to $ 4.772 billion for exports of 8,669,000 carats of diamonds a year earlier).
Indian imports of rough diamonds for June 2014 rose 16.19% to $ 1.595 billion (12,994,000 carats) compared to $ 1.373 billion, derived from the export of 11,658,000 carats in June 2013. The import of rough diamonds from February to June 2014 grew by 3.69% and reached $ 5.13 billion (38,491,000 carats), compared to $ 4.947 billion with the import of 42,737,000 carats for the same period in 2013.

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The US consumer price index (CPI) for jewelry in June 2014 fell 4.5% on a year-on-year basis to 170.83 points, Rapaport reported. The value of the index was slightly higher than the corresponding figures for May and April 2014.
The consumer price index for watches for the reporting month fell by 0.8% to 122.71 points.
The decline in indices was influenced by the stably low prices for raw materials for the jewelry industry, observed in the last few months. The average price of gold and platinum was 3% lower than in June 2013.
The price index for diamonds RapNet Diamond Index (RAPI ™) for stones weighing 1 carat in June fell by 3.2%. Prices for diamonds weighing 0.3 carats and 0.5 carats rose by 10.2% and 6.2%, respectively. The price index for diamonds weighing 3 carats for the reporting month fell by 2.8%.
The general consumer price index for all product categories in June increased by 2.1% in the year-on-year terms and reached a new record level of 237.69 points.

[Blogger]

The company Kalyan Jewellers, one of the leading Indian jewelry chains, plans in the current financial year to invest 14 billion rupees in the opening of 28 jewelry stores in India and the countries of the Persian Gulf. The company will focus on selling diamonds at affordable prices.
According to the report, the company plans to open five salons in Kerala, three in Kolkata, two in Mumbai and Bangalore, and other retail outlets in other cities of the country. In the Persian Gulf region, it is planned to open stores in Qatar, Kuwait, Dubai, Abu Dhabi and Bahrain.