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IIJS Premiere 2022 Inauguration Ceremony, Press Conference

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The inauguration ceremony press conference began with honoured guest, Smt. Hema Malini – Member of Parliament, Lok Sabha lighting the lamp. Along with her were Colin Shah, Chairman – GJEPC and Vipul Shah, Vice Chairman – GJEPC. Shailesh Sangani, Convener – GJEPC, and Mansukh Kothari, Co-Convener – GJEPC. 

Many prominent dignitaries from the industry were present at the event.

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DiamondBuzz

Global Diamond  Markets and Overall Prices Remain Steady

Steady Prices Mask A Polarizing Market Where Specific Large Shapes Win and Poorly Cut Diamonds Stagnate.

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The natural diamond and high-end jewelry sectors are experiencing a period of selective resilience. While macro-market prices remain steady, structural shifts in consumer preference, inventory drawdowns, and geographic demand variations are creating distinct “winners and losers” across diamond cuts, sizes, and geographies.

  • Macro Overview: Global markets and overall prices remain steady. Dossier prices continue to recover—particularly in the 0.30 ct. round collection goods—following a significant inventory drop.
  • B2B Buyer Behavior: Demand remains patchy. Wholesale buyers are strictly purchasing to fulfill specific, pre-existing orders rather than buying for inventory.
  • Category Winners: Sales are heavily concentrated in 2-carat and larger diamonds. While rounds are stable, long fancy shapes (Ovals, Marquises, Emeralds) are outperforming rounds in the 2 ct.+ category. High-quality Marquises, long Radiants, and long Cushions are in short supply.
  • Shape Premiums & Trends: > * Marquise is currently the most expensive fancy shape.
    • Long Cushions are highly liquid, trading at a 20% to 25% premium over square cushions.
    • Antique cuts/styles and well-proportioned, elongated Ovals (D–I color, VS–SI clarity) see robust demand, especially in the US.
    • Illiquidity Risk: Poorly proportioned fancy shapes remain entirely illiquid.
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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.

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