Notizie dall’ICE dal 20 al 26 maggio 2023

Condividiamo alcune notizie provenienti dagli Uffici Esteri dell’ICE.

ORGANISED JEWELLERY LIKELY TO WITNESS 12-15 PC GROWTH IN REVENUE IN FINANCIAL Year(FY)23-24

(ICE) – ROMA, 26 MAG – The organised jewellery retailers are expected to clock 12-15 per cent revenue growth in 2023-24, mainly aided by expansions planned by a majority of large players. Organised jewellers are expected to record revenue growth of 12-15 per cent in FY 2023-24 despite a high base and evolving macro-economic environment, against the expected industry growth of 8-10 per cent YoY. Sector specialist expects industry growth to moderate 8-10 per cent YoY (in value terms) in FY23-24 with volume growth likely to remain constrained by expected volatility in gold prices amidst global macro-economic uncertainties and evolving domestic inflation. Nonetheless, the strong cultural affinity of Indians to gold is likely to support festive and wedding demand for gold jewellery. (ICE NEW DELHI)

GUCCI INAUGURA UN NUOVO NEGOZIO DEDICATO ALLA SOSTENIBILITÀ, CON ARTICOLI
IN EDIZIONE LIMITATA DELLA COLLEZIONE VAULT

(ICE) – ROMA, 23 MAG – Il 17 maggio Gucci ha inaugurato un nuovo negozio di circa 80 mq specializzato in articoli sostenibili nell’area “Green Age” all’8° piano del GG.MM. Hankyu Umeda di Osaka. “Green Age” è un piano basato sul concetto di “simbiosi tra uomo e natura”, dove oltre 40 marchi offrono prodotti e servizi attenti alla sostenibilità.

Il nuovo negozio si concentra su articoli realizzati con materiali e metodi di produzione sostenibili. Tra essi le sneakers realizzate in “Demetra”, un nuovo materiale sostenibile proposto da Gucci, i capi creati con il filo di nylon riciclato ECONYL® e gli orologi Gucci Dive prodotti con materiali bio-based. Inoltre, il negozio è l’unico in Giappone ad offrire gli articoli di Gucci “Continuum”, un nuovo progetto del concept store online “Vault” del brand, in base al quale designer e artisti riciclano i materiali presenti nell’archivio Gucci trasformandoli in nuovi pezzi. (ICE TOKYO)

FRESH SANCTIONS ON RUSSIAN DIAMONDS PUT 1 MILLION JOBS AT RISK

(ICE) – ROMA, 23 MAG – Employment of one million diamond workers in Surat hangs in the balance as G7 countries have put fresh sanctions on diamonds mined in Russia.

Indian diamond trade cuts and polishes 9 out of 10 diamonds available in the world and imports Russian diamonds from Alrosa, which accounts for 30% of global rough diamond output.

“If the sanctions continue, then there will be a lot of uncertainty in the employment of one million workers,” said Vipul Shah, chairman of Gem & Jewellery Export Promotion Council (GJEPC).

G7 countries are imposing fresh sanctions against Russia to try to further hinder its war effort in Ukraine.

In the process, however, diamond workers in Surat have started to suffer due to non-availability of rough diamonds from Russia coupled with a fall in demand amid a global economic slowdown and rising fears of a global recession largely due to the ongoing war.

“The demand is less now, so the industry is being able to handle the situation despite rough diamond supply being less,” Shah said. “The problem will arise when the demand increases.”

Traceability Challenge As there is no definite method to identify from where a particular piece of diamond originated, G7 is looking to deploy traceability techniques to identify the origin and reduce movement of Russian diamonds in world markets.

“In order to reduce the revenues that Russia extracts from the export of diamonds, we will continue to work closely together to restrict trade in and use of diamonds mined, processed or produced in Russia and engage with key partners with the aim of ensuring effective implementation of future coordinated restrictive measures, including through tracing technologies,” the grouping said in a statement.

Shah of GJEPC said at present, “there is no such technology” to trace the origin of diamonds. “What we have now is the Kimberley Process certification,” he said.

Kimberley Process is a multilateral trade regime established in 2003 with the goal of preventing the flow of conflict diamonds. The core of this regime is the Kimberley Process Certification Scheme (KPCS) under which states implement safeguards on shipments of rough diamonds and certify them as “conflict-free”.

Read more at: https://economictimes.indiatimes.com//industry/cons-products/fashion-/-cosmetics-/-jewellery/fresh-sanctions-on-russian-diamonds-put-1-million-jobs-at-risk/articleshow/100428266.cms (ICE MUMBAI)

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