Tag: gold and diamond jewelry industry

Surat’s Diamond Industry recovers after Demonetisation Dip!

The country’s diamond capital Surat continues to sparkle a year after the government’s demonetisation move. Demonetisation did deal a temporary setback to some diamond polishing units in Surat, but experts say the industry has regained lost ground. Demonetisation did deal a temporary setback to some small and medium units in the city, where more than …

Diamond Facts: Know your Diamonds!

The first diamonds were discovered in India and Brazil. Diamonds were believed to be “precious tears cried by the gods” or “splinters from falling stars” by the Ancient Romans and Greeks. Diamonds are a natural product of the earth that were formed billions of years ago under intense heat and pressure. Diamonds got their name …

The Future European Union Jewelry Market

Worldwide jewelry sales is still on the rise and were estimated at € 119 billion in 2007. The main markets were USA (€ 36.0 billion), EU (€ 23.9 billion), Middle East (€ 11.4 billion) and, since 2005, China (€ 10.4 billion) and India (€ 9.7 billion). Together these markets accounted for nearly 75% of global …