OurBuzz
IIJS Tritiya 2024 opens in Bengaluru
IIJS Tritiya 2024 organised by GJEPC, opened at BIEC, Bengaluru today. The formal inauguration was done by Chief Guests Dr B Govindan, Chairman -Bhima Jewellery and Vinod Hayagriv, MD – C Krishna Chetty Group.Representing GJEPC were Vipul Shah Chairman-GJEPC, Kirit Bhansali, Vice Chairman – GJEPC and Nirav Bhansali, Convenor, National Exhibitions -GJEPC and other CoA members.
DiamondBuzz
Alrosa Reports $130mn H1 Loss Amid Diamond Market Headwinds
The Company Cited Geopolitical and Macroeconomic Uncertainty, Western Sanctions, Shifting Jewellery Demand, Higher Gold Prices and Weaker Rough and Polished Diamond Sales As Key Challenges.
Russia’s state-controlled diamond miner Alrosa reported a 10.67 billion-ruble ($129.7 million) net loss in H1 2026, reversing a 39.03 billion-ruble profit a year earlier. Revenue plunged 36% to 74.16 billion rubles ($901.6 million), while gross profit fell to 4.62 billion rubles.
The company cited geopolitical and macroeconomic uncertainty, Western sanctions, shifting jewellery demand, higher gold prices and weaker rough and polished diamond sales as key challenges. Its operating loss widened to 5 billion rubles, while the pre-tax loss reached 14.08 billion rubles.
Adding to the pressure, Russia’s 8% export duty on unprocessed rough diamonds above 0.45 carats, postponed to March 2027, is expected to cut Alrosa’s profit by around 3.12 billion rubles ($37.9 million), further clouding the miner’s outlook.
Mark Raksha Bandhan With The Art Of Gifting By Lotus Arts De Vivre
Tiffany & Co. Makes a Landmark Statement in Bangkok with First-Ever Thailand Building Wrap
Celebrate Raksha Bandhan With Timeless Keepsakes From Candere By Kalyan
Tiffany & Co. Makes a Landmark Statement in Bangkok with First-Ever Thailand Building Wrap
Celebrate Raksha Bandhan With Timeless Keepsakes From Candere By Kalyan
Four Months. Eleven Stores. Keemti’s Rapid Rise Signals Bold Retail Ambitions, Eyes 88 Stores By Year-End
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International News18 hours agoTiffany & Co. Makes a Landmark Statement in Bangkok with First-Ever Thailand Building Wrap
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National News22 hours agoCelebrate Raksha Bandhan With Timeless Keepsakes From Candere By Kalyan
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National News22 hours agoFour Months. Eleven Stores. Keemti’s Rapid Rise Signals Bold Retail Ambitions, Eyes 88 Stores By Year-End
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International News15 hours agoMark Raksha Bandhan With The Art Of Gifting By Lotus Arts De Vivre
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