×
306
Fashion Jobs
RJCUBE STAFFING SOLUTIONS
Production Manager - Upholstery (Leather & Fabrics) For Greater Noida
Permanent · Greater Noida
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
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 © 2023 FashionNetwork.com All rights reserved.