NEWS
Gem Diamonds Recovers 2 More Big Diamonds
London: Gem Diamonds has recovered two
rough diamonds larger than 100 carats at its Letšeng project in Lesotho amid a
shift to a more lucrative section of the mine, the company said Monday.The heavier of the two, at 151.52 carats,
is a yellow, type I diamond. The other is a higher-quality, D-color, type IIa
stone weighing 104.73 carats.
Kirit Somaiya Visits GJSCI’s Training Facility in Mumbai at IIGJ
Mumbai: Mr. Kirit Somaiya, Member of
Parliament, North-East Mumbai visited GJSCI’s state-of-art training centre in
Mumbai at IIGJ-M, where he met Mr. Prem Kumar Kothari, Chairman and Mr. Binit
Bhatt, CEO of GJSCI. During the two hours visit, Mr. Somaiya was given a
detailed overview by Mr. Binit Bhatt on various initiatives taken by GJSCI for
the upliftment of gems & Jewellery industry and its workforce.
Mozambique Awards Diamond Mining License to 20 Firms
Maputo: The Provincial Director of Mineral
Resources and Energy in Mozambique’s Southern province of Gaza, Castro Elias
says his department has awarded diamond mining license to 20 local and foreign
firms after the mineral was discovered last year, APA can report on Tuesday.
The official says that Mozambique has approved a set of legal instruments which
will enter into force on 20 November this year in support of the country’s
Kimberley Process application.
Chow Tai Fook to Open 100 New Stores
Hong Kong: Chow Tai Fook Jewellery, the
world’s largest listed jeweller by market value, said on Thursday that it plans
to add up to 100 new retail locations on the mainland after reporting earnings
that matched expectations, thanks in part to a rebound in mainland Chinese
consumption of luxury products, reports scmp.com.
Alrosa Seeks Tax Benefit for Diamond Sales in India
Mumbai: Russian rough diamond miner Alrosa
has sought tax neutrality from the government to set up its representative
office in India, reports Business Standard.
-228x228.jpg "Making Charges on Jewellery Reduced to 5%")
Making Charges on Jewellery Reduced to 5%
New Delhi: To much relief in the gold
jewellery and diamond processing industry, the goods and services tax (GST)
Council slashed the applicable rate on making charges from the 18 per cent
decided earlier to five per cent.
ALROSA’s Revenue Grew 33% in May
Moscow: ALROSA, the world leader in diamond
mining, has announced diamond sale results for May and the first five months of
2017. In May 2017, the Company sold rough and polished diamonds worth USD 472.1
million, which is 33% higher compared to a year earlier. Revenue from rough
diamond sales amounted to USD 467.6 million, polished diamond sales – USD 4.5
million.
Anglo American Appoints New Chairman
London: Anglo American, the parent company
of De Beers, has appointed industry outsider Stuart Chambers as chairman, the
company announced Wednesday.
-228x228.jpg "JA and DCA Agree to Collaborate")
JA and DCA Agree to Collaborate
New York: Jewellers of America (JA) and the
Diamond Council of America (DCA) have decided to work together toward their
shared goal of supporting the jewellery industry, the two trade organizations
announced recently.
Synthetic Diamond Identification Made Easy
Las Vegas: Gemmological Institute of India,
Mumbai and Arotek Scientific Instruments Pvt. Ltd., jointly developed an
advanced version of the existing Q-CHK Instrument.