Kariba Minerals’ Post

The diamond market is one of the most prestigious industries in the world, known for its high-value transactions and stringent quality standards. However, with the immense value associated with diamonds comes an equally significant risk of fraud and financial crime. In this context, robust document verification has become essential for ensuring the authenticity and legality of transactions within the industry. Click to read how important document verification in the Diamond market is > https://lnkd.in/dDVhPXne #diamondmarket #diamonds #fraudprevention #KYC #AML #croftz Antwerp World Diamond Centre Responsible Jewellery Council Diamonds Direct 77 Diamonds Diamonds International DMCC (Dubai Multi Commodities Centre) Department for Business and Trade IDEX Online - democratizing diamonds through transparency, technology and trusted eCommerce World Federation of Diamond Bourses World Diamond Council (WDC) Rapaport Hari Krishna Exports Pvt. Ltd. Nivoda De Beers Group Dubai Diamond Exchange Van Cleef & Arpels World Jewellery Confederation - CIBJO National Jeweler Tiffany & Co. ROLEX International Gemological Institute - IGI GIA (Gemological Institute of America) , HRD Antwerp

Spring Festival sees healthy gold consumption…but what lies ahead? Summary Gold consumption during the longer-than-usual 2024 Chinese New Year’s (CNY) holiday was robust, based on preliminary data Indications for 2024 are that gold jewellery demand will be stable, albeit rising at a slower pace than 2023 mainly due to a deceleration in economic growth Bar and coin sales should stay strong but are unlikely to replicate 2023’s significant growth

Hong Kong-listed Chinese jeweller Tse Sui Luen is expecting to post a loss of at least HK$220 million (US$28.1 million) for the year ended March 31. The net loss attributable to its owners is likely to be three times the HK$71 million (US$9 million) loss of the prior year. The group said the loss was mainly due to the significant decline in consumer demand for natural diamond jewellery in Mainland China and the diminishing profit margins from its transition to selling 24-karat gold products at a much higher percentage. Inside Retail Asia

Hong Kong-based SAIF Partners pared a 5.8% stake in jewellery retailer Senco Gold for Rs 432.72 crore through an open market transaction. SAIF Partners | Senco Gold and Diamonds Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

De Beers and Tanishq Collaborate With India now being the second-largest diamond market (after the U.S.), De Beers Group and Tanishq UAE are working together to educate consumers in India on the benefits of natural diamonds. Their strategy includes using De Beers diamond verification technology to instill consumer confidence by ensuring authenticity of each natural diamond. Diamond jewelry sales in India have been increasing rapidly, taking over China’s former place in the market. India is the global resource for cutting and polishing diamonds, accounting for nine out of 10 diamonds polished worldwide. Recently, weak demand from China has caused their diamond exports to drop. However, the De Beers/Tanishq combined effort promises exciting engagement ahead. Naturally. Pristine Gems prides itself on supplying only natural diamonds. Our variety is in the shapes. #PristineGems #fancyshapeddiamonds #naturaldiamonds #India #DeBeers #Tanishq

Discover how the Bharat Diamond Bourse (BDB) in Mumbai is transforming the diamond industry! As the largest diamond trading hub in the world, BDB supports over 6,000 members with unmatched facilities and services. Here's how BDB helps brokers and dealers grow their business:   1. Comprehensive Infrastructure: BDB offers state-of-the-art facilities including customs offices, commercial banks, gem labs, trading halls, and restaurants, ensuring smooth and secure operations. 2. Global Network: Connect with international diamond companies and pricing firms, enhancing members, brokers and dealers global trade opportunities. 3. Promotion and Support: BDB is dedicated to facilitate the export and import of diamonds, providing all necessary support and service facilities to make India a leading international trading center. 4. Business Services: Enjoy access to a range of services within the complex, from restaurants and travel agents to stationery shops, ensuring all your business needs are met in one place. 5. Security and Convenience: With an average foot fall of 40,000 and a 100% lost & found recovery ratio, BDB guarantees a secure and effective trading environment 24/7. 6. BDB is the Member of The World Federation of Diamond Bourses (WFDB) the apex body of Diamond Bourses. Join a global network of diamond professionals and elevate your trade with the BDB advantage!  Follow us for more industry insights. Like and share to spread the knowledge!  . Comment “BDB” to get more info! . #Diamond #JewelleryTechniques #Craftsmanship #Artistry #Fine Jewellery #Gemstones #Diamonds #Luxury Jewellery #Handcrafted Jewellery #Sparkle On #BDB #Bharatdiamondweek #diamonds #bharatdiamondbourse

Pakistani and Chinese business firms have just signed an agreement to promote cooperation in leather products. Facilitated by the Special Investment Facilitation Council (SIFC), this partnership aims to enhance the global presence of Pakistani leather goods like handbags, purses, and belts. This move is set to open new markets and opportunities for growth in Pakistan’s leather sector. #CheckItNow #PakistanChina #LeatherIndustry #GlobalTrade #SIFC #LeatherGoods #BusinessAgreement #PakistaniLeather #ChinaPakistan #EconomicGrowth #InternationalBusiness

Major jewellers across India have agreed to implement a “One Nation One Rate (ONOR)” policy for gold, aiming to standardize prices nationwide. According to ET Now, this initiative, supported by the Gem and Jewellery Council (GJC), seeks to unify gold pricing across the country. https://lnkd.in/gyVvSUv6

The first two months of this year have been better for the diamond industry than 2023 was. But the market has been mixed, with India strong, China weak, and the US patchy. Not all types of diamonds have been selling well. Here are two positive trends and two negative trends from January and February. Watch the full video: https://ow.ly/M0WS50QTtMT