He retired last month after 28 years traveling the world to source the very best gemstones for his family’s jewelry business, Oscar Heyman.
Diamond Manufacturing: The Long-Term India Story Remains Intact
Investment in infrastructure, technology and talent help India consolidate its leadership in the global diamond industry.

“Providing free wholesome healthy food during lunch to our 5,000 employees has resulted in increased morale and productivity. Technology is an enabler that has provided a level playing field. Motivated and committed workforce is our strength in this competitive industry,” he adds.

1. Manufacturing of small diamonds (star melee) is being consolidated into the hands of a few large players due to the disruption caused by undisclosed mixing of LGDs by unethical traders. It has now become imperative for manufacturers to install synthetic detecting machines and get their goods certified. This has imposed additional costs and increased their woes as every diamond needs to be checked. The production of star melees therefore is no longer lucrative. Shreyans feels that the I1 I2 segment that is huge in the US in all probability will be replaced by the LGDs. Rather than buying diamonds of inferior clarity and color, customers would prefer to buy cleaner goods.
Note: This story was completed for publication in the special India Diamond Report newsletter prior to Russia’s invasion of Ukraine and the U.S.’s subsequent ban on Russian diamonds on March 11.
The Latest

The charm necklace features six nautical charms of shells and coral that founder Christina Puchi collected on Florida’s beaches.

The organization elected its youngest vice president as it looks to draw in fresh talent.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

Campbell joins the company as vice president of business development while Liebler is the new vice president of operations.


The medals feature a split-texture design highlighting the Games’ first time being hosted by two cities and the athletes’ journeys.

Sponsored by The INSTORE Jewelry Show 2025

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

Globally, travel and transportation brands reigned, while in the U.S., alcoholic beverage companies and a lingerie brand took the top spots.

The Brooklyn-based jewelry designer is remembered as a true artist and a rare talent.

A new slate of Learning Workshops will take place in Oklahoma, Mississippi, and Georgia.

The middle class is changing its approach to buying jewelry and affordable luxury goods, the NRF said.

It marks the third consecutive quarter of growth for Cartier, Van Cleef & Arpels, Buccellati, and Vhernier.

The reseller’s market trends report, based on its sales data, also shows exactly how much Rolex prices have jumped since 2010.

The auction house will be hosting a retrospective paying tribute to jeweler Jean Dinh Van and his company’s 60th anniversary.

Jake Duneier and Danielle Duneier-Goldberg have stepped into the roles of CEO and president, respectively.

The “Impermanence” collection contemplates nature through the Japanese art of Ikebana (flower arranging) and philosophy of wabi-sabi.

The Texas-based jewelry retailer has set up shop in Tennessee and Arizona.

Eric Ford will step into the role, bringing with him decades of experience.

In addition to improved capabilities, the acquisition will allow the jeweler to offer support to other independent jewelers.

The “Celestial Blue” capsule collection campaign features Olympian Kateryna Sadurska.

The seasonal store, located in Mykonos, Greece, offers exclusive events, personal styling, and curated experiences.

The New England jeweler is hosting a bridal event for the month of August.

Its sessions will focus on inventory strategies, staff performance, retention and acquisition, emerging market trends, and more.

For its 10th anniversary, Miseno designed the “Arco” earrings based on the Arco Felice, an arch conceptualized in A.D. 95 in Miseno, Italy.

The jewelry company is one of several contributing to relief efforts in the region after the recent floods.

Inspired by fiancé Sid Wilson’s nickname for her, the white and yellow diamond ring features a unique honeycomb design.