NEWS
TAGS Facilitates 50,000 Cts Rough Tenders at DDE
Dubai: The Dubai Diamond Exchange (DDE), a
subsidiary of DMCC has announced the successful conclusion of the first of six
tenders scheduled for 2017. The tender was held at the Almas Tower and was
facilitated by the Dubai Diamond Exchange in a secure, transparent and
regulated environment, which resulted in 50,000 carats worth of rough diamonds
being sold, says a press release from DMCC.
Hong Kong Dealers Face Random Synthetics Checks
Hong Kong: Hong Kong’s diamond-promotion
body plans to start checking wholesalers’ inventory for synthetics, as part of
a program aimed at boosting consumer confidence and giving retailers better
peace of mind.
CaratLane Opens Its 1st Store in Ghaziabad
Mumbai: CaratLane, India's leading
omni-channel jeweller is going strong in the Delhi/NCR region with its 7th
store inaugurated at Shipra Mall, in Ghaziabad. For a brand that’s on a mission
to democratize access to jewellery, this store launch, the 7th in Delhi/NCR
region and 17th in the country, is another step forward in expanding its retail
footprint and making its jewellery more accessible.
PNG Jewellers Contributes for Education of 9 Students
Mumbai: PNG Jewellers, as a part of their
Corporate Social Responsibility, contributed for the yearly educational
expenditure of 9 students from a Pune-based organization named Eklavya Bal Shikshan
& Arogya Nyasa, on the special occasion of Mr. Saurabh Gadgil’s birthday on
9th May, 2017.
Kerala Demands 5% Tax on Jewellery
New Delhi: Kerala’s finance ministers Mr.
Thomas Isaac who was attending the crucial 14th meeting of the Goods and
Services Tax (GST) Council sounded confident of rolling out the country’s
largest tax reform since Independence on 1 July, but wanted the meeting to iron
out some issues of local importance.
Diamcor Gets Average Rough Price of $215.20 per Carat
Kelowna: Diamcor Mining Inc announced that
its second tender of rough diamonds during the current quarter had resulted in
sale of 3,265.07 carats of rough diamonds for gross proceeds of USD
$702,635.70, resulting in an average price of USD $215.20 per carat.
Investor Offers Gemfields to Acquire 53% Shares
London: Gemfields’ largest shareholder has made an offer to acquire the 53% of the gemstone miner it does not already own, in a bid to restructure the company and make it more profitable, reports Rapaport.
NAJ CEO Michael Rawlinson Resigns
London: Michael Rawlinson has resigned as
CEO of the UK’s National Association of Jewellers (NAJ) to pursue other
interests, the trade organization said Friday.
US Polished Diamond Imports Down by 3%
New York: Polished diamond imports to the
US fell 3% to $1.99 billion in March, according to government data.
Zimbabwe May Withdraw Unused Gold Mining Claims
Large gold mines in Zimbabwe could lose
unused mining claims to the government, which is seeking to increase the number
of small producers as part of its economic empowerment drive, a ministry of mines
draft policy paper showed on Friday.