QUOTE OF THE DAY - 23 May 2025
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QUOTE OF THE DAY - 23 May 2025
"LGD prices in the jewellery sector have fallen 90% at wholesale, tracking closer to a cost-plus model as they have diverged from natural diamond prices. Our drive to educate consumers about the difference between natural diamonds and LGDs has accelerated. The myth that you can’t tell the difference between a natural diamond and an LGD is beginning to shatter and DiamondProof’s influence is only going to grow."
Al Cook, CEO, De Beers Group
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QUOTE OF THE DAY - 21 May 2025
"After Akshaya Tritiya, the gold market remained dull as prices remained steep. But over the last week, we have seen consumers returning to the market as gold prices have dropped. Some are even placing orders for the wedding months of November and December as they fear that prices may shoot up if Trump imposes a reciprocal tariff after the 90-day window. Footfalls are increasing in tier-2 and tier-3 cities as well, according to reports trickling in from the jewellers. "
Surendra Mehta, National Secretary, IBJA
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