OurBuzz
Successful conclusion of Coimbatore Jewellery Show 2024
Coimbatore Jewellery Show, held on 23rd and 24th November 2024, was a resounding success. The event witnessed a significant number of quality visitors, and participants were extremely satisfied with the business generated. Many exhibitors have already secured their booths for the CJS 2025 edition.
Coimbatore Jewellers Association and United Exhibitions extended heartfelt gratitude to all the exhibitors, visitors, sponsors for their valuable time and support. Their presence made CJS 2024 truly unforgettable.
The organizers thanked each and every one who contributed to the success of CJS 2024 and look forward to welcoming them to CJS 2025.
DiamondBuzz
India LGD Sector Is Pushing Back Against Aggressive Discounting
Trade Body, Leadership Urged Traders and Brokers To Enforce Price Floors and Eliminate Undercutting.
India’s lab-grown diamond (LGD) sector is pushing back against aggressive discounting as shrinking margins squeeze manufacturers and erode industry profitability. At a September 7 meeting of the Surat Lab Grown Diamond Association, leadership urged traders and brokers to enforce price floors and eliminate undercutting.
Raw Price Shift: Polished LGD prices recently rebounded by 20% to 25%.
Discount Compression: In response to rising costs, traders scaled back buyer discounts from ~7% to a tighter 3%–4% range.
Margin Squeeze: Association President Babu Vaghani warned that uncontrolled discounting directly erodes manufacturer earnings, forcing wage cuts and destabilizing supply chain economics.
Industry Outlook
The sector faces a structural dilemma: lower consumer prices drive adoption, but severe price erosion starves manufacturers, polishers, and labor of viable margins.
Continued downward pressure is pushing skilled labor out of the market and forcing polishing units to explore alternative industries. Stabilization hinges on widespread compliance with pricing discipline across the Surat hub.
-
TechBuzz1 hour agoC4i4 Team Explores AI, Industry 4.0 Applications At IIGJ, Mega CFC
-
DiamondBuzz1 hour agoIndia LGD Sector Is Pushing Back Against Aggressive Discounting
-
National News1 hour agoDeepa Jewellers Lists At Rs 221, A 25% Premium
-
National News2 hours agoGold Loans Emerge As India’s Second-Largest Retail Credit Segment: TransUnion CIBIL
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.