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Latest News

Lab-Grown Diamonds Capture 50% of Export Market

03-03-2025   12:00 PM

Lab-grown diamonds, despite the price being 60 to 85 per cent lower than natural diamonds, saw export revenues going up from $224 million in FY19 to $1402 million by FY24 – a growth of 525 per cent in five...

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Sarine Reports Turnaround with FY2024 Profit Amid Industry Challenges

03-03-2025   11:55 PM

Sarine Technologies Ltd. has successfully reversed its financial performance, reporting a net profit of $1.1 million for FY2024, compared to a loss of US$2.8 million in the previous year. This turnaround comes...

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Botswana Govt. & De Beers Finalise New 10-Year Sales Agreement

03-03-2025   11:50 AM

The Government of the Republic of Botswana and De Beers Group announced that, following the conclusion of negotiations announced on 3rd February 2025, the two partners have now signed the formal new agreements for...

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De Beers’ Tracr & Sarine Technologies Join Hands for Diamond Traceability Solution

03-03-2025   11:45 AM

De Beers’ fully distributed diamond blockchain platform Tracr™ Limited and Sarine Technologies Limited signed a collaboration agreement that enables each party to offer scalable, cost-effective and enhanced...

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Trade tariffs may halve Indian gold jewellery exports to US next fiscal

03-03-2025   11:40 AM

Gold jewellery exports to the United States may halve to $1.50 billion next fiscal year as the US contemplates higher tariff of 5 per cent to 20 per cent on imports of gem and jewellery from India. Seeking the...

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Loan against gold jewellery saw fastest growth among personal loans in January, shows RBI data

03-03-2025   11:35 AM

Credit extended to borrowers for loans against gold jewellery rose sharply in January, coinciding with record rise in gold prices, with gold loan portfolio rising by 76.9 percent in January 2025, as compared to...

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GSI Commences Operations of Exclusive Lab Facility at Bharat Ratnam Mega CFC, Mumbai

28-02-2025   2:50 PM

GSI’s new lab, spanning 2,500 sq. ft., offers a comprehensive suite of gemological services from diamond jewellery grading to identification of geographic origin in gemstones Following the successful soft...

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Pooja Sahgal joins IGI as Global CMO

28-02-2025   2:45 PM

Former Godrej Consumer Products Limited (GCPL) top executive Pooja Sahgal joined International Gemological Institute India (IGI) as its Global Chief Marketing Officer in December 2024. Sahgal was previously with...

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