NEWS
Ramat Gan: Electronic diamond trading is
gaining steam worldwide, various stakeholders in the international diamond
industry said at an e-commerce symposium held by the Israel Diamond Institute
(IDI).
Mumbai: India’s gold demand has slumped to
its lowest in 13 years due to various measures announced by the government to
discourage purchases.
New Delhi: India is planning to revive a
cluster of colonial-era gold mines – shut for 15 years but with an estimated
$2.1 billion worth of deposits left – as the world’s second-largest importer of
the metal looks for ways to cut its trade deficit, officials said.
Bangkok: The 59th Bangkok Gems &
Jewelelry Fair has projected it will generate in excess of £382 million worth
of trade deals.
New York: The Diamond Dealers Club (DDC) of
New York, in conjunction with the Gem & Jewellery Export Promotion Council
(GJEPC), this week hosted more than 60 exhibitors and several hundred buyers at
the sixth edition of the India Diamond Week on the DDC’s trading floor in
Manhattan.
Maseru: Firestone Diamonds said the
construction of its 75 percent-owned Liqhobong diamond mine in Lesotho is now
100 percent complete.
Berne: The pace of decline in Switzerland’s
global watch exports slowed in December as Chinese orders grew and shipments to
the U.S. recorded their best month of the year.
Luanda: Lucapa said Sociedade Mineira Do
Lulo (SML), a company it owns together with Angola’s Endiama and Rosas &
Petalas , produced 5, 313 carats during the fourth quarter of 2016, which was
an increase of 147 percent compared with 2,151 carats, a year earlier.
Hong Kong: Montreal-based Birks Group has
tied up with online retailer Luxify to sell top-end polished diamonds to
consumers in Asia, reports Rapaport.
Antwerp: TTF has launched last year an
international jewellery competition for diamonds rings called “Think Big”,
featuring exclusively diamonds of 1 ct and above. On January 8, 2017, an
international jury selected the 10 best designs and awarded the first prize out
of 2000 entries. The selection criteria were: creativity, technique
(craftsmanship) and commercial potential. The jury highlighted the importance
of the competition as a stimulus for creativity in diamond jewellery design.
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