NEWS
Mumbai: Signet Jewellers is planning to
open a testing laboratory for synthetic-diamond detectors to ensure its
suppliers can confidently say they are only dealing in natural stones.
Mumbai: In a step aimed at ending
corruption and arbitrariness in diamond mining in the country, India has
decided to delink mining and exploration rights. Till now, the company which
earned the mining rights for a specific piece of land, also had the right to
gain profits from exploration of that mine. Now, the government will pay for
exploration, and put the findings through an open bidding process.
Lucknow: With the new year dawning upon, 75
year old legacy Hari Prasad Gopi Krishna Saraf transforms into a new age brand,
launching itself as Aisshpra Gems & Jewels. Being the premier jewellery
destination of Uttar Pradesh, the brand revamps itself with a vision to become
a jewellery house that stands true to its legacy of transparency, integrity and
ethics, and yet evolving to the meet the needs of the new age consumer.
Surat: The small and medium diamantaires
may experience increased prices of rough diamonds in the secondary market
following the largescale hoarding of rough diamond by the importers in Surat
and Mumbai, reports The Times of India.
Mumbai: A delegation of European Union
officials that visited the office of the GJEPC today was assured by Council
officials that the Indian trade is completely committed to promote responsible
sourcing and conflict free gold. The EU officials are in India to discuss the
recently finalised EU Regulation on Conflict Minerals and supply chain due
diligence for importers of tin, tantalum, tungsten and gold (3TG).
New York: The U.S. Department of Justice,
through its District of Minnesota U.S. Attorney's Office, has announced a
federal indictment charging former Scio Diamond Technology Corporation (Scio
Diamond) Board of Directors Chairman, Edward S. Adams, with "orchestrating
an elaborate fraud scheme to embezzle millions of dollars of investors'
funds."
Moscow: ALROSA, the world’s largest diamond
mining company, said in a statement released on Thursday that it is not going
to increase dividend payments up to 75%.
Toronto: Canada-based diamond miner
Dominion Diamond Corp has knocked back a $US1.1B, $13.50-a-share take-over bid
from The Washington Companies, a diverse, privately-held Missoula, Montana,
US-based group of privately held North American mining, industrial and
transportation businesses, Reuters reported.
New Delhi: Indian government has done away
with the 1 per cent tax on cash payments of over Rs, 2 lakh for purchase of any
goods or service after it banned cash dealings above that limit from April 1.
Mumbai: A contingent of 15 leading Indian
manufacturers of loose gemstones and jewellery are participating in the India
Pavilion at BaselWorld 2017. The show, which opened yesterday and is expected
to attract over 150,000 visitors/buyers from across the globe, runs till March
30, 2017.
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