JEWELLERY

In a shocking incident, gold and silver ornaments worth Rs 80 lakhs go missing from Kurnool Police Station in Andhra Pradesh. Notably, two years ago, the Kurnool Police seized the ornaments and kept them in an almirah under the security of a lady constable. Recently, the police were asked to release the confiscated items, when they found that ornaments are missing, raising security concerns. Investigation into the matter is underway.

Diamond jewellery worth Rs 2 crore was stolen from a hotel room on November 26 while the family was attending a wedding at night in Jaipur. According to the police, the family alleged the hotel's collusion in the heft. Furthermore, they raised questions on why no action has been taken against the hotel. However, the police is looking into the matter and the investigation is underway. 

American Tennis star Serena Williams will soon be launching her own jewelry collection "Serena Williams Jewelry" in collaboration with America's leading jewelry retailer "Zales". The collection will display over "60 rings, necklaces, earrings, and bracelets designed with 10K gold and sterling silver accented with diamonds, priced from $99 to $9,999". Reportedly, Indian-based jewelry company KP Sanghvi has acquired the global license to… read-more

Jewellery maker Pandora has taken a sustainable approach by switching from mined diamonds to lab-made diamonds, the company announced on May 3. The synthetic diamonds would be used in all future designs, and Pandora would release a line of rings, bangles, and earrings. Initial release of the products would be in Britain, followed by other markets. The company would also be using recycled gold and silver from 2025.

To ensure purity standards, the Centre is eyeing to implement mandatory hallmarking of gold jewellery from June 1. After implementation, jewellers will be required to register themselves with the Bureau of Indian Standards. Earlier, in November 2019, the government had announced to mandate BIS mark from January 15, 2021 which was deferred citing the pandemic. Now jewellers will be allowed to sell only 14, 18 and 22 carats of gold.