The India-China Gems and Jewellery B2B Matchmaking event brought around 15 Chinese gems and jewellery manufacturing businesses to New Delhi to encourage Chinese manufacturers to open factories in India.
The India Bullion and Jewellers Association agreed on selling fine jewellery and ornaments with post-dated cheques henceforth following the recent high-profile failures of several jewellery credit schemes.
The upcoming KP Plenary Meeting to be held in New Delhi from November 18 to 22 could be a “watershed moment” for the organisation which works to ensure diamonds are ethically sourced, according to the WDC’s President.
The Gem and Jewellery Export Promotion Council and the Gemmological Institute of India have both signed memorandums of understanding in Shanghai, China, with the aim of increasing cooperation in the jewellery industry.
The fashion and lifestyle shopping exhibition Inherit 2019 will take place in New Delhi from December 7 to 8 and will feature clothing, crafts, and design at the Sunder Nursery Heritage Park in Nizamuddin.
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 authorities are working to proceed against accused jeweller Nirav Modi’s brother, Belgian citizen Nehal Modi, in the Punjab National Bank fraud case and plan to send evidence against him to Belgium.