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The Diamond Industry Is in a Pricing Crisis

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Anglo’s De Beers unit will mine 1 million carats less than previously forecast in both 2020 and 2021, according to an investor presentation on Tuesday. That equates to less than 1% of global output, but slows the pace of the company’s expansion as an oversupply of rough diamonds weighs on the industry. De Beers’s buyers …

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BIS HALLMARK IS MANDATORY FROM 2021

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Hallmarking: The Narendra Modi Government has decided to make Bureau of Indian Standards (BIS) hallmarking mandatory for gold jewellery and artefacts from January 15, 2021. The move would protect the consumers from buying inferior quality ornaments and compel the jewellers to maintain legal standards of fineness. Department of Consumer Affairs: According to Department of Consumer …

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