More and extra labs are using artificial intelligence and automatic grading to judge diamonds. Publicly taking a stand on social points may alienate customers who don’t share your views. Some jewellers stated they are now pushing studded jewelry the place the margins are as a lot as 3x higher than plain gold jewellery.

  • Prosecutors said those accused of stealing the gems, which have by no means been recovered, belong to an organised crime household known as the “Remmo clan”.
  • Mining requires more vitality and assets than recycling and is a leading supply of mercury pollution.
  • TRADE FAIR WRAPUP – Vicenzaoro gold jewelry fair to add some 20 p.c of…
  • The trade figures of the Antwerp diamond sector for the month of September remained stable.
  • Some jewellers said they’re now pushing studded jewelry where the margins are up to 3x higher than plain gold jewelry.

India’s diamond industry plans to minimize back its financial institution financing necessities by a third, targeting $4 billion for the present fiscal yr, down from $6 billion in FY23. Traders are specializing in clearing existing stock quite than accumulating more, which would necessitate further borrowing. The drop in consumption of plain gold jewellery has impacted the manufacturers of plain gold jewelry from Tamil Nadu, Kolkata and Delhi.