NEWS
Moscow: Russia’s Deputy Prime Minister Yury
Trutnev has confirmed that Alrosa President Andrey Zharkov will be replaced by
Sergey Ivanov, currently the Senior Vice President of Sberbank.
Gaborone: De Beers sold rough diamonds with
a value of $545 million in the second sales cycle (Global Sightholder Sales and
Auction Sales) of 2017, indicating ongoing strong demand as the industry
restocks.
Ramat Gan: The International Diamond Week
in Israel (IDWI) which was held from Feb.13 to 16 ended on a positive note,
with participants showing immense optimism in the future of the diamond
industry.
Los Angeles: The world’s most elegant and
notable celebrities sparkled in platinum jewellery at the “89th Annual Academy
Awards” and related parties this evening. Large diamond stud earrings, cuff
bracelets, and cocktail rings were the top platinum jewellery trends on the red
carpet.
London: What a difference a year has made
for Anglo American, the world's number five diversified miner, which joined BHP
Billiton Tuesday in lifting the mining industry spirits by postings results
that clearly signal the long-awaited recovery is already here.
Gaborone: Botswana Diamonds has raised
£525,000 before expenses ($650,000) from the placing of 35 million new ordinary
shares with new and existing investors.
The net proceeds will be used to fund
ongoing kimberlite drilling at the Frischgewaagt property in South Africa,
drilling in Botswana, exploration work in South Africa and in the first stage
of the 2017 Alrosa/Botswana Diamonds exploration program in the Orapa and Gope
areas of Botswana.
Tel Aviv: Sarine and GGTL Laboratories have
signed a collaboration agreement to research new and advanced approaches to
gemological challenges facing the diamond industry.
New York: The World Diamond Council's (WDC)
Board of Directors has named Marie-Chantal Kaninda as Executive Director
effective March 1, 2017. Kaninda replaces Patricia Syvrud, who steps down on
February 28.
Hong Kong: The Xifu International Gold
Wedding Jewellery Design Competition 2017 has announced its prestigious panel
of judges, which includes five diverse experts from the industries of design,
jewellery, and arts from all over the world.
Mumbai: The Finance Bill 2017, recently introduced in
the Indian Parliament has lowered the threshold level for the cash purchase of
jewellery from Rs. 5,00,000 to Rs. 2,00,000. Once passed, a 1% Tax Collected at
Source (TCS) will be applicable on all cash purchases of jewellery above Rs.
2,00,000. This is expected to become effective
from April 1, 2017.
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-228x228.jpg "Platinum Jewellery Sparkles at Academy Awards")
