Diamond supply chain is controlled by a limited number of powerful businesses, and is also highly concentrated in a small number of locations around the world.
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Despite various challenges, the past year was a good one, says Bruce Cleaver, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century.
Buying a Hermes bag is safer than investing in stock market.
The new law will have penal provisions of Rs 50 lakh and five year imprisonment for celebrities promoting sale of items without verifying the quality.
Madhuri Dixit Nene, Shilpa Shetty, Aishwarya Rai Bachchan, Kiara Advani are some of the celebs who have worn designs by Prerna Rajpal.
The gems and jewellery industry is staring at a sales washout on Akshaya Tritiya for the second consecutive year as most of the states are under lockdowns due to the raging second wave of the COVID-19 pandemic which has led to negative consumer sentiment, say industry leaders. Akshaya Tritiya, considered as an auspicious day for buying gold and jewellery, falls on May 14 this year. India is the worst-hit among all nations with the second wave of the pandemic, which has been killing more than 3,500 daily and infecting close to 4 lakhs daily for weeks. The massive caseload has nearly paralysed the medical infrastructure.
A rare pink diamond is set to hit a new world record for a jewel sold at auction next week at Sotheby's.
The diamonds -- of three and two carat each studded in a gold pendant -- valued at Rs 1.18 crore were found in a cash box on Tuesday, they said.
These companies may recall loans in extreme cases; loan-to-value ratio stands at 60% but scrap value at 75%.
When the salesperson starts explaining the 4Cs -- cut, clarity, carat and colour -- this alluring piece of stone becomes even more enchanting.
Sonam, the golden goddess, slays it again!
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It is the lightest gold nugget ever created, researchers said.
At its current price - $1,819 per troy ounce - the gold alone adds $4.68 million.
We present here a list of 10 richest diamond mines in the world
Take a look at these nine beautiful, luxurious gadgets -- smartphones, laptops, music systems -- designed by English designer Stuart Hughes. These could be the world's most expensive gadgets ever made.
We present here some stunning photographs of diamonds.
Photographer Uttam Ghosh/Rediff.com definitely has an eye for the unusual.
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These artists know how to make an impression at the red carpet.
Diamonds are such a highly traded commodity that multiple organizations have been created for grading and certifying them.
Flipkart's Sachin and Binny Bansal may have become the poster boys of the Indian e-commerce industry, but there are a host of others who are emerging from the shadows.
The Bill to amend the Bureau of Indian Standards Act has been passed.
As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.
Mahatma Gandhi, the apostle of peace and non-violence, has now become a brand the world proudly flaunts.
Shah and Kankariya, the prosecutors say, sought to use the December 31, 2008 daytime robbery of their money-losing jewelry business, hoping to collect $ 7 million from insurance. The court papers say the dealers were six months behind on rent and had a $ 1 million debt.
Hollywood dresses up for the biggest night of the year!
Australian golfer Greg Norman is reportedly engaged to Kirsten Kutner, a longtime friend and mother of two, roughly a year after his split with former tennis champion Chris Evert.
According to its owners, its value has multiplied several times over the years, because of the record gold price now.
Deepika Padukone's jewellery in Bajirao Mastani is WOW!
Demands from several quarters for the return of Kohinoor from Britain notwithstanding, the government said on Wednesday that it had no plans to bring the precious diamond back to the country.
Come December, the Forevermark brand will take on India's leading diamond retailers
"Three officials from the Mumbai crime branch had left for the United Arab Emirates on Wednesday night and brought the four accused to Mumbai this morning," a senior police official said. They are likely to be produced before a local court later in the day, he said
Some diamonds have a fascinating history. Others, of course, are just beautiful because they are too young to have yet developed a history.
Maria Sharapova was recently spotted with her new engagement ring, which was given to her by her fiancee L.A. Laker Sasha Vujacic.
Lay your eyes on the world's most expensive phone -- an Apple iPhone 4, which is enclosed in 500 flawless cut diamonds, equivalent to 100 carats.
Indian diamantaires are looking to go slow on rough diamond purchase during the remaining quarters of the current financial year, thanks to weak global sentiment.
Tennis sensation Sania Mirza looked stunning in a specially-created green and gold outfit as she got engaged to childhood friend and family acquaintance Mohammed Sohrab Mirza at a private ceremony, held amid tight security, at Taj Krishna hotel in Hyderabad on Friday night.
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