DIAMOND TRADE INDIA
There are PSU stocks, and there are PSU businesses. Choose the business. 57 PSU stocks, some good, some not so good
A year back, on the day the results of 2024 general elections were getting declared, PSU stocks as a set suffered a sudden setback. From being much loved in the first six months of 2024, they were suddenly being hit. The reason: The street assumed that, without a clear majority, Modi 3.0 would not be able to take decisions which it was able to in Modi 2.0. But a year down the line, it is no longer about a company being a PSU or not. It is about business. So, sectors where there have been developments are clearly seeing things turn for the better.
GIA to introduce new descriptive grading system for lab-grown diamonds, phasing out traditional 4Cs
Gemological Institute of America will change how it describes lab-grown diamonds. It will use descriptive terms instead of the usual color and clarity grades. This change aims to provide more transparency for consumers. The new system will categorize lab-grown diamonds as 'premium' or 'standard'. This will help buyers understand the differences between natural and lab-grown diamonds.
India, US desire to give preferential market access to businesses; talks on for trade pact: Goyal
India and the US are actively pursuing a bilateral trade agreement to boost economic ties, aiming to more than double trade to USD 500 billion by 2030. Despite concerns over potential tariff hikes on steel and aluminum, both nations are committed to resolving trade issues bilaterally.
India-US trade pact: Effort on to facilitate preferential market access for both sides, says Piyush Goyal
India and the United States are actively pursuing a bilateral trade agreement to boost trade to $500 billion by 2030, according to Commerce Minister Piyush Goyal. Despite potential tariff hikes on steel and aluminum, both nations aim to resolve issues through dialogue.
De Beers pushes for zero-tariff entry of cut and polished Indian diamonds into US
De Beers is collaborating with the Indian government to eliminate tariffs on diamonds entering the U.S. after being processed in India, aiming for a deal before July 9. CEO Al Cook emphasizes India's vital role in diamond exports and the growing domestic demand, projecting the Indian natural diamond market to double by 2030, driven by unique value proposition.
Natural diamond still India’s crown jewel: De Beers Group CEO
India has become a key market for natural diamonds, surpassing China. De Beers focuses on India due to the growing preference for natural diamonds over lab-grown ones. The Indian market is expected to double by 2030. De Beers plans increased marketing investments and partnerships in India. While the US market leans towards lab-grown diamonds, India values natural diamonds as heirlooms.
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Export houses on radar for illicit Pakistan trade via UAE
India's Financial Intelligence Unit is scrutinizing transactions of 20 export houses suspected of laundering money to and from Pakistan via the UAE. The probe centers on inflated prices and commissions in trades involving items like jewelry, beauty products, and electric goods. Authorities suspect the funds may have links to terror, prompting a thorough investigation into the suspicious financial activities.
Corrections come and go; focus on business and its growth: 6 large-caps from different sectors with upside potential of up to 52%
With the Nifty and Sensex moving up one day and down another, investors are bound to be jittery. After all, the January-February correction is a recent memory. Today (Thursday), the market is down because of global, not domestic, factors. But the fact is that nothing stops it from falling for domestic reasons tomorrow. Volatility and corrections are part of the market and they can kick in at any time. What matters is the growth of the business of the company whose stock you own. If that is fine, don’t bother about the Nifty and Sensex.
Jewellery demand up as gold falls 7% from peak of Rs 1 lakh per 10 gm
Gold prices have decreased, leading to more customers visiting jewellery stores. Demand is up for 18-carat and 22-carat jewellery due to the wedding season. US-China trade tensions easing also contributed to the price drop. Jewellers are seeing increased interest in affordable options. Some customers are placing orders early, anticipating future price increases.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 30%
Two positives are driving the markets towards bullishness. One, of course, is the end of India-Pakistan tensions; and the second is another cooling off: The tariff war launched by US President Trump. So, after six months of correction and a couple of event-related setbacks, the markets are in recovery mode. And while there have been exceptions in the recent past, traditionally, any recovery that follows a long period of correction is likely to be led by large-cap stocks. It is this time to have some of them on your watchlist.
India-UK FTA a good deal, but for whom?
The FTA is expected to open market opportunities and trade potential for India across various sectors. What remains to be seen is how well it can help MSMEs leverage the benefits on offer.
Will interest rate cycle bring their mojo back? 10 stocks from sectors where we all spend money, with upside potential of up to 66%
There are clear indications both from the RBI and in the budget that interest rates are likely to soften. Now, there are many sectors whose fortunes are linked to the rate of interest. For instance, many consumption items are brought on credit and interest rates impact the EMIs people pay. And with more disposable income in hand, thanks to the lower tax liability announced for the current financial year in the budget, consumption of some goods may increase.
Gems and jewellery exports fall in April amid rising gold prices and geopolitical tensions
India's gems and jewellery exports experienced a 4.62% dip in April 2025, totaling USD 2037.06 million, while imports declined by 17.61%. Cut and polished diamond exports fell by 6.12% due to decreased demand in the US and China, coupled with the rise of lab-grown diamonds. However, rough diamond imports saw a slight increase of 0.56%, driven by domestic jewellery demand.
De Beers secretly sells discounted diamonds to selected traders
De Beers is facing industry challenges. The company is selling rough diamonds at lower prices to select buyers. This move aims to reduce inventory. However, it creates tension among other customers. Anglo American pressures De Beers to boost sales. The diamond market shows signs of stabilization. US tariffs pose new threats. The industry is lobbying for exemptions.
I-Sec maintains Add on Kalyan Jewellers, raises target price to Rs 550
ICICI Securities maintains an 'Add' call for Kalyan Jewellers, setting a target price of Rs 550. The brokerage anticipates strong growth, projecting revenue, EBITDA, and PAT CAGRs of 28%, 32%, and 49% respectively, over FY24-FY27E. For the quarter ended March 31, 2025, Kalyan Jewellers reported a consolidated total income of Rs 6222.
Explainer: India-UK free trade agreement -- all you need to know
India and the UK have concluded negotiations for a free trade agreement, aiming to double bilateral trade to USD 120 billion by 2030. The pact eliminates import duties on 99% of Indian goods entering the UK, while India safeguards sensitive sectors.
India-UK FTA: Wins, exclusions & road ahead
The India-UK Free Trade Agreement aims to strengthen economic ties, benefiting Indian exports like textiles and UK exports like Scotch whisky. While tariffs on UK automotive imports will decrease gradually with quotas, sensitive agricultural and industrial goods are excluded to protect domestic industries.
First round of Free Trade Agreement talks between India, New Zealand concludes
India and New Zealand are currently engaged in discussions for a potential Free Trade Agreement. These talks aim to enhance trade and investment between the two nations. Negotiations resumed in March 2025 after a decade-long pause. The FTA seeks to unlock new opportunities for businesses and consumers. Disparities in tariff structures and demands for dairy market access pose challenges.
No duty cuts by India on diamond, silver, smartphones, optical fibres to UK under FTA
India and UK have signed a free trade agreement. India will not reduce duties on some industrial goods like diamonds and smartphones. There will be limited duty concessions for petrol, diesel, and electric vehicles. The aim is to double trade by 2030. Tariffs on automotive imports will decrease. This deal should help Indian auto component makers and consumers.
India-UK FTA set to boost textile, leather and IT exports; concerns over liquor duty cuts
The India-UK Free Trade Agreement is poised to significantly boost bilateral trade, particularly benefiting labor-intensive sectors like textiles, leather, and gems. Indian exporters anticipate enhanced access to the UK market due to tariff reductions, fostering competitiveness against rivals. While most sectors celebrate, the alcohol beverage industry expresses concerns over reduced import duties on British spirits.
How are wedding shoppers dealing with sky-high gold price?
How are wedding shoppers dealing with sky-high gold price?
Angola President Lourenco invites Indian businesses to explore export opportunities
Angola's President Lourenco invited Indian businesses to leverage Angola's strategic location for export strategies, emphasizing opportunities in agriculture, pharmaceuticals, and renewable energy. Bilateral agreements in health, energy, and finance demonstrate a commitment to a mutually beneficial partnership. India is poised to collaborate in energy infrastructure, education, and critical mineral value chains.
Commerce Ministry holds industry consultation on India-US trade talks; seeks suggestions
India and the US are actively negotiating a bilateral trade agreement, with recent consultations involving domestic industries to gather suggestions for mutually beneficial trade enhancements. Both nations aim for an interim trade arrangement in goods by fall, focusing on tariff and non-tariff matters. The US remains India's largest trading partner, though a widening trade surplus is a point of concern.
Tariff Turbulence: The ripple effects of Trump's trade policies on Indian exports
The US imposed tariffs on Indian imports, starting with 10% on April 5, 2025, escalating to 26% before a 90-day suspension on specific tariffs from April 10. As India and the US negotiate a trade deal, Indian exporters, particularly in sectors like machinery, pharmaceuticals, and textiles, face potential financial impacts.
Comm Min's export promotion mission may have 12-point plan to push exports, help MSME exporters
The commerce ministry's Export Promotion Mission (EPM), with a Rs 2,250 crore outlay, is set to launch with up to 12 components. These include easy credit schemes for MSMEs and e-commerce exporters, overseas warehousing facilitation, and global branding initiatives.
Natural vs lab-grown diamonds: The dazzling duel shaking up India’s jewellery market
Natural diamond players are on a quest to regain their lustre amid the double whammy of falling sales and the rising popularity of lab-grown diamonds. However, in a market like India, where consumers look for both value and price while making purchases, experts say that there is ample space for both to thrive
Looking forward to 'tangible outcomes' for bilateral ties, says Piyush Goyal after UK visit
Piyush Goyal concluded his UK visit, expressing optimism for tangible outcomes in the India-UK partnership after meetings with UK officials and business leaders. Discussions centered on advancing economic ties, innovation-led growth, and investment opportunities, with the ongoing Free Trade Agreement negotiations high on the agenda.
Piyush Goyal explores avenues for greater collaboration with UK
Piyush Goyal is in London to bolster India-UK trade and investment. He met with UK officials and business leaders, including Revolut and De Beers CEOs, to discuss fintech, the gems and jewellery sector, and FTA negotiations. The focus remains on securing a deal to significantly enhance the existing GBP 41 billion trade partnership.
Jewellers search for more than golden eggs as gold prices soar
Gold prices have surged, hitting demand and forcing Indian jewellers to adapt with discounts, EMIs, and lighter or alternative jewellery. Sales have dropped up to 25%, especially in the South. Consumers are cautious, exploring options like digital gold, ETFs, and diamonds.
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