Shairu Gems Diamonds Pvt. Ltd.

Forgot Password? Click Here

Don't have an account yet? Sign Up

Welcome to Shairu Gems Diamonds Pvt. Ltd.

Shairu Gems Diamonds Pvt Ltd. is a family-owned company driven by strong ethical beliefs and irreproachable corporate standards.

Shairu Gems Diamonds Pvt Ltd. Corporation Group is a leading polished diamond supplier headquartered in Mumbai with manufacturing operations centrally located in the world’s largest diamond cutting and polishing centre in Surat, India. The company employs more than 1500 employees across a global footprint that covers the traditional markets of America and Europe, as well the fastest growing regions of India and Far East Asia.

News

1.Sales and profit increased at Kingold Jewelry in the second quarter as the China-based gold supplier introduced new products to meet growing demand for the yellow metal. Total revenue climbed 43% year on year to $678.8 million in the three months ending June 30, the manufacturer and designer of jewelry, ornaments and investment products said last week. Profit jumped 69% to $13.6 million. “During the quarter, we have witnessed a strong growing demand for 24-karat gold jewelry and investment products in China,” said Kingold CEO Zhihong Jia. “Our management quickly adjusted the product mix in response to market demand with additional trendy design jewelry products and value-preserving investment gold products.” Chinese gold-jewelry demand rose 5% in the second quarter, the World Gold Council reported this month. 2.Jewelers of America (JA) has hired two consultants who will focus on enhancing the US trade association’s communications with members and consumers. Elizabeth Brewer — who was previously in charge of marketing for deBoulle Jewelers, as well as the American Gem Trade Association — will work on improving the JA’s membership engagement. Mark Smelzer, the publisher of JCK will work on developing a marketing initiative targeting consumers, which the organization plans to launch in 2019. “The addition of Elizabeth and Mark in consultant roles will play a big part in our continued commitment to membership growth and consumer marketing, which are essential to our mission to improve confidence in the jewelry industry. 3.Sarine Technologies saw a slight drop in revenue during the second quarter after orders for its diamond-mapping units fell in India, the company said Sunday. Total sales fell 1.1% year on year to $18 million for the three months ending June 30. Revenue from India declined 5% to $12 million, even as 16 of the 20 Galaxy systems that Sarine sold during the quarter were in that market. North America sales tumbled 17% to $213,000, while those in Israel fell 4% to $896,000. Africa was Sarine's only growth center, with sales up 139% to $2.6 million. Profit rose 28% to $4.1 million due to lower operating expenses, the Israel-based company noted. Sarine is still pursuing several patent and copyright infringement cases through Indian court systems. The company had also been taking legal action against Rose Gems, which Sarine accused of manipulating the reported weights of diamonds processed by its Galaxy machine. Rose Gems has “taken responsibility for such actions and has agreed to all conditions set by Sarine,” the company said, adding that the lawsuit had been closed. 4.A weaker rupee against the US dollar has helped boost exports to leading markets such as the US and China, attendees at the India International Jewellery Show (IIJS) reported. “The jewelry and diamond and colored-gemstone business is flourishing,” Gaetano Cavalieri, president of the World Jewellery Confederation (CIBJO), said in an address at the inauguration of the IIJS Premiere, which opened August 9. A tightening of bank lending to the diamond sector in India following bank-fraud allegations will probably not have a big impact on large, well-run exporters, jewelers told Rapaport News. However, the stricter credit conditions will affect smaller companies with weaker balance sheets, they added. In the coming years, global exports of Indian gems and jewelry are predicted to reach $70 billion, compared to a projected $41 billion in 2018, Pramod Agrawal, chairman of the state-backed Gem & Jewellery Export Promotion Council (GJEPC), told a news conference at the inauguration. Silver jewelry, combined with the latest technologies in plating, has performed outstandingly among Indian gem and jewelry exports in 2018, he continued. Responding to recent guidelines from the US Federal Trade Commission (FTC) that expanded its definition of “diamond” to include lab-grown stones, GJEPC vice chairman Colin Shah said the changes were unlikely to lead to a surge in unscrupulous marketing. Some industry members already mislead consumers as to diamonds’ origins, he noted. Jean-Marc Lieberherr, CEO of the Diamond Producers Association, disagrees with the FTC guidelines, he said at the show.“It will give marketers the opportunity to test the limits.India’s largest trade show, which takes place in Mumbai and runs through August 13, expected more than 35,000 visitors, mainly from Asia. The event added a new section, Hall A7, featuring 800 booths, organizers said. With security extremely tight, some exhibitors complained about long lines to enter and exit the halls, which were crammed with visitors. Jewelers stocking on-trend designs were busy receiving orders from wholesalers and retailers. Pastel colors were popular in Indian-jewelry designs, while rose cuts were sought after in the diamond category. Layer necklaces and multi-finger rings featuring colored gemstones and diamonds were also in demand.