NEWS
Antwerp: Belgian banks are discriminating
against the diamond trade by not lending to anyone linked to the industry, the
Antwerp World Diamond Centre (AWDC) has claimed.
Basel: The Baselworld exhibition will be
two days shorter in 2018 after fewer buyers and exhibitors attended this year's
show.
Harare: Thousands of illegal diamond
miners, who were evicted from the mining concessions about a decade ago, have
since returned to Chiadzwa, raising fears the government could once again be
losing millions of dollars in revenue, as uncontrolled mining activities have
reappeared due to lack of security, reports News Day.
New York: American’s have a positive view
of the current economic condition leading consumer confidence to reportedly
reach the highest level in over 16 years. The Conference Board’s consumer
confidence index jumped by more than 100 since February, indicating an
improvement for the second consecutive month. It also eclipsed economists’
estimates of 114.
Gaborone: De Beers Consolidated Mines
(DBCM) has won the Wildlife Ranching SA award for ‘Biodiversity and Social
Responsibility’, in recognition of its approach to ecological management, the
De Beers Group announced.
Mumbai: Fiona Solitaires, further fortifies
its national presence by launching its twelfth store in M Block, Greater
Kailash, New Delhi on 30th March, 2017. The store was inaugurated by Bollywood
diva Urvashi Rautela in presence of the Co-Founders Mr. Saurabh Agrawal &
Mr. Parag Agrawaland other renowned dignitaries.
Perth: Merlin Diamonds Ltd., owner of the
Merlin diamond mine in the Northern Territory, Australia, announced they had
raised approximately $5.5 million from its Entitlements Offer to shareholders
in January. The funds give the Merlin diamond mine "the necessary
financial flexibility to progress its operational and corporate
objectives" said the company in a statement.
Tucson: The organizers of the Jewelry
Industry Summit have announced the publication of the final report on the
recent meeting in Tucson, Arizona.
Toronto: Mountain Province Diamonds
recorded a profit last year, benefiting from the Canadian dollar’s improvement
against its U.S. counterpart, reports Rapaport.
Gaborone: De Beers has reduced the supply
of rough diamonds it will be offering sightholders in the coming year, as it
fulfills its commitment to support diamond manufacturing in Namibia.
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