Post PNB fraud, the Gem and Jewellery industry organized an event, “Diamond and Jewellery Financing 2018: Mitigating risks effectively” to find ways to reduce risks and infuse confidence into financiers. The event was attended by leading banks and financial institutions including the SBI, Central Bank of India, IndusInd Bank, ECGC etc. along with a huge turn out from the major industry players. Our May issue highlights all the major points discussed in the event and council’s recommendation to banks and members.
Recent reports of jewellery stores shutting down in the US have been alarming to the cut and polished diamond sector of the Indian subcontinent. The US is one of the major markets for India and any shifts in the market will have an impact on the Indian exports. We bring a detailed report on what’s happening in the US market and what’s in store for the future.