×
79
Fashion Jobs
SPARSH INDIA COUTURE
sr. Executive Merchandising / Business (Kids Fashion)
Permanent · NEW DELHI
SPARSH INDIA COUTURE
Customer Relationship Executive
Permanent · NEW DELHI
PUMA
Head-Supply Chain Management
Permanent · BENGALURU
L'OREAL GROUP
Senior Executive - Sales
Permanent · Vijayawada
PUMA
Head-Business Intelligence
Permanent · Bengaluru
PANTALOONS HO
Assistant Brand Manager - Mumbai
Permanent · MUMBAI
OUTHOUSE JEWELLERY
e- Commerce Merchandiser & Sales Executive
Permanent · MUMBAI
LIFESTYLE BRANDS
Manager - Marketing, Peter England - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · MUMBAI
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
HANDMANTRA
Social Media Management
Internship · BENGALURU
2ND INNINGS HANDICRAFTS PVT LTD
Merchandiser
Permanent · MUMBAI
AHILAYA
Merchandiser/Production Assistant
Permanent · MUMBAI
OUTHOUSE JEWELLERY
Senior Store Manager
Permanent · NEW DELHI
CLINIQUE
Clinique - Skincare Consultant - Hyderabad, Nykaa Jubilee Hills - 40 Hours - Full Time, Permanent
Permanent · Hyderabad
LEVI'S
Data Scientist
Permanent · Bengaluru
SMASHBOX
Smashbox - Make-up Artist - Nykaa Luxe Jubilee Hills Hyderabad - 40 Hours - Fulltime, Permanent
Permanent · Hyderabad
Advertisements
Published
Nov 11, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

De Beers allows struggling Indian diamond houses to return more rough stones

Published
Nov 11, 2019

Diamond business De Beers has allowed a number of Indian diamond houses to return stones purchased from the business at “sight” and has reduced rough diamond prices as India’s diamond industry faces a slowdown.

Indian diamond buyers reported reduced rough diamond prices at De Beers’ recent “sight” sale


De Beers allowed “sightholders” at its recent “sight” diamond sale in Botswana to return around 20% of stones in the mixed box they are given as part of the sale. Over 30 Indian businesses attended the sale, ET Bureau reported. 

Along with allowing significantly more returns at the sale, De Beers also reduced rough diamond prices by 5% on average, a sightholder told ET Bureau.

India’s diamond industry has faced a slowdown this year and unemployment in the diamond cutting hub Surat has skyrocketed causing concerns for workers and businesses alike. The Gem and Jewellery Export Promotion Council even held a workshop on suicide prevention in Surat at the end of September due to an increase in suicide rates in the sector. 

De Beers, however, maintained that the decision to allow for more flexibility at its recent “sight” sale in Botswana was due to “high levels of wholesale diamond inventories and tightness in midstream liquidity,” an official from the company told ET Bureau. 

Copyright © 2020 FashionNetwork.com All rights reserved.