GIA has appointed John Cowley as CFO effective April 6, 2026, succeeding David Tearle, who will retire June 30 after 17 years, ensuring leadership continuity and financial oversight.

Litestyle by PNG launched three new stores in March 2026 across Nashik, Ghatkopar and Mulund, expanding its retail presence to target young, working consumers with lightweight gold and diamond jewellery offerings.

Shivam Jewels, a Surat-based diamond manufacturer, has been appointed a De Beers DTC Sightholder in March 2026, marking a rare addition to the list and strengthening India’s presence in primary rough supply.

The Gemological Institute of America opened a new Taiwan campus on March 29, 2026, offering Chinese-language Graduate Gemologist education to expand regional access and support industry workforce development.

FURA Gems has obtained Responsible Jewellery Council certification following an independent audit, aligning its ruby and sapphire operations with global sourcing standards amid rising demand for traceable coloured gemstones.

Gemfields released its audited 2025 Annual Report on March 26, 2026, reporting lower revenue and operational disruptions across emerald and ruby assets, alongside cost reductions and Fabergé divestment.

Heer by GIVA launched its first offline store in Bengaluru on March 23, 2026 with ‘Alfaaz-e-Heer’, marking its retail expansion to deepen customer engagement beyond its digital-first business model.

Gemfields reported improved loss metrics for FY2025 despite operational disruptions at Montepuez and Kagem, with auction revenues at $ 129 million and focus shifting to stabilization and deleveraging in 2026.

PNGS Reva Diamond Jewellery reported Q3 FY26 growth with revenue rising 40% QoQ and PAT 82%, driven by festive demand, increased footfall, and planned COCO store expansion across Maharashtra and North India.

At IIJS Bharat Tritiya 2026, jewellers report steady raw material sourcing despite global volatility, with cautious sentiment prevailing; the industry, however, is closely monitoring geopolitical risks and pricing pressures, reports Khursheed Mistry.

Malabar Group Chairman M.P. Ahammad received the Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards 2026 in Mumbai, presented by Maharashtra Chief Minister Devendra Fadnavis.

India’s Ministry of Home Affairs has issued a standard operating procedure governing bank account freezes in cybercrime investigations, offering relief to Surat’s diamond industry after multiple firms faced sudden account suspensions.

Mumbai-based lab-grown diamond jewellery brand Lukson Jewels reports 25% month-on-month growth, serving over 20,000 customers in six months, while planning retail expansion to 30 stores across India.

Shringar House of Mangalsutra Limited inaugurated a 16,260 sq ft manufacturing facility in Kandivali on February 23, 2026, investing Rs 15 crore to raise annual capacity to 4,000 kg.