NEWS
Dubai: Major concerns in the global
precious metals industry including technological advances, taxation, and
macroeconomic and shifting geopolitical issues were high on the agenda of the
sixth Dubai Precious Metals Conference (DPMC).
New York: Pandora Jewelry recently
announced a continued partnership with Dress for Success, a global
not-for-profit organisation, to support various programmes towards women
empowerment.
Vicenza: VICENZAORO will host in September,
an international meeting of “Mujeres Brillantes” (Brilliant Women), a group of
about 500 businesswomen operating in the gold and jewellery sector that,
although mainly from Latin America, also come from Turkey, Russia, Italy,
Romania and Israel.
Harare: Zimbabwe should partner with other
countries to establish a diamond cutting and polishing centre if the country is
to benefit from value-addition of its gemstones, Indian ambassador to Zimbabwe,
Rungsung Masakui has said.
Gaborone: The De Beers Group has scored a
major coup against Diamond Trading Company Botswana (DTCB), rigging the odds
against Botswana as the country prepares to re-negotiate the Diamond Sales
Agreement which lapses in 2020 and reversing achievements of the De Beers
relocation from London to Gaborone.
Toronto: Dominion Diamond Corporation saw a
21% slump in sales during the fiscal year that ended January 31, with
lower-quality production at its two Canada mines leading to reduced revenue.
Nonetheless, it expressed optimism Wednesday about its prospects for the next
three years, as it continued to undergo a strategic review that might result in
the sale of the company.
Moscow: Russian diamond miner Alrosa
announced rough sales of $554.2 million in March. Polished diamond sales
amounted to $12.4 million.
Total diamond sales in March amounted to
$566.6 million, 1 percent higher than the same period last year.
Mumbai: The Kiran Gems group has announced
the restructuring of its operations which will include the creation of several
separate and independent businesses in different countries.
Perth: Australia's Lucapa Diamond Co. has
earned $2.5 million (A$3.3M) from a parcel of 1,919 carats at their third sale
in 2017 of rough diamonds from the Lulo Project in Angola. This represents an
average price of $1,317 (A$1,742) per carat, and brings their total 2017 sales
to $13.2 million at an average price of $2,055 (A$2,696) per carat.
Los Angeles: The American Gem Society (AGS)
has presented former head Cathy Calhoun with its prestigious Robert M. Shipley
Award for her service to the organization and the wider industry. She received
the award during the annual AGS Conclave last week in Hollywood, California.
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