The Gemstone and Jewellery Industry is pushing for the Goods and Services Tax (GST) rate to be reduced to 1 per cent in the upcoming budget. Industry leaders say the…
Posts TaggedLab-Grown Diamonds
De Beers Holds Largest Diamond Inventory Since 2008
According to the Financial Times, De Beers, a major diamond manufacturer, has built its largest diamond inventory since the 2008 financial crisis, with a stockpile valued at around $2 billion….
Limelight Diamonds to Launch Seven Stores in India for Lab-Grown Jewelry
Lab-grown jewellery brand Limelight Diamonds will open seven exclusive retail outlets across India by the end of the year. The expansion is in response to the growing consumer demand and…
CIBJO President Highlights Impact of Industry Infighting on Consumer Confidence in Jewelry at Hainan Conference
During the mass launch of laboratory-grown diamond jewellery, the marketing strategies used have undermined consumer confidence in jewellery overall, said Gaetano Cavalieri, President of the World Jewelry Confederation (CIBJO), at…
