International News
Future of natural diamonds challenging; holds promise of transformation: BCG report
A new report by the Boston Consulting Group (BCG), commissioned by De Beers Group, unveils the critical factors that will shape the future of the natural diamond market
A new report by the Boston Consulting Group (BCG), commissioned by De Beers Group, unveils the critical factors that will shape the future of the natural diamond market.In an era marked by rapid changes and emerging challenges, the natural diamond industry stands at a pivotal juncture. A recent report by the Boston Consulting Group (BCG), commissioned by De Beers Group, sheds light on the critical factors shaping the future of the natural diamond sector. With primary diamond supply projected to decline and demand dynamics evolving, the industry is poised for a significant transformation, it notes.
The cornerstone of the natural diamond industry’s future is the anticipated decline in primary supply. The report highlights that the primary production of natural diamonds is expected to decrease by approximately 1% CAGR over the next decade. This decline is driven by the diminishing yields from ageing mines, a scarcity of new discoveries, and constrained exploration budgets over the past ten years. While there is potential for some increase through brownfield expansions, the overall outlook suggests a tightening of supply.
International News
Kerala Jewellers Account For Approximately 20% Of The Total Gold Trade In UAE:K. Surendran
State President of KGSMA Highlighted The Strong Presence and Growing Economic Impact Of Kerala’s Retail Gold Sector In The Region.
Kerala jewellers account for approximately 20% of the total gold trade in the United Arab Emirates, according to K. Surendran, State President of the Kerala Gold and Silver Merchants Association (KGSMA).
​Speaking at the General Body Meeting of the Dubai Kerala Jewellery Association held at the Novotel Hotel in the Dubai Gold District, Surendran highlighted the strong presence and growing economic impact of Kerala’s retail gold sector in the region.
​The meeting was presided over by Association President Muneer Thangals, with KGSMA State General Secretary Adv. S. Abdul Nazar delivering the keynote address.
​Key discussions during the session focused on:
​Business Opportunities: Capitalizing on emerging trends within the UAE gold and jewellery retail landscape.
​Industry Challenges: Addressing operational and trade issues faced by Kerala-origin jewellers in Dubai.
​Member Welfare: Strengthening support networks and welfare initiatives for trade community members.
​The event featured addresses from prominent industry leaders, including Dubai Kerala Jewellers Association General Secretary Mujeeb Rahman Tajvi, Treasurer Shuhaib Zia, KGSMA State Vice President Faisal Amin, Legal Advisor Adv. Abraham P. John, alongside Shameer A.G.D., C.K. Nasi, and Rafeeq Maharaja.
Diamonds That Don’t Cost A kidney: KISNA Spotlights Affordable 9KT Diamond Jewellery In Latest Campaign FilmÂ
Kerala Jewellers Account For Approximately 20% Of The Total Gold Trade In UAE:K. Surendran
The Role Of Hallmarking and Transparency In Strengthening Consumer Confidence
Diamonds That Don’t Cost A kidney: KISNA Spotlights Affordable 9KT Diamond Jewellery In Latest Campaign FilmÂ
Kerala Jewellers Account For Approximately 20% Of The Total Gold Trade In UAE:K. Surendran
VBJ Unveils ‘The Bangle Beauties’ – A Grand Celebration Of 10,000+ Bangle Designs
-
BrandBuzz2 hours agoDiamonds That Don’t Cost A kidney: KISNA Spotlights Affordable 9KT Diamond Jewellery In Latest Campaign FilmÂ
-
International News2 hours agoKerala Jewellers Account For Approximately 20% Of The Total Gold Trade In UAE:K. Surendran
-
BrandBuzz3 days agoVBJ Unveils ‘The Bangle Beauties’ – A Grand Celebration Of 10,000+ Bangle Designs
-
JB Insights2 days agoThe Role Of Hallmarking and Transparency In Strengthening Consumer Confidence
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.