ALROSA’s Diamond Resources Decline

Moscow: ALROSA’s rough diamond resources fell 4 percent to 1.03 billion carats as at July 1, 2016, the Russia-based miner reported.

Back on January 1, 2015, the resources stood at 1.08 billion carats. Both assessments were carried out in accordance with a code outlined by the Joint Ore Reserves Committee (JORC), the Australasian guidelines for reporting mineral resources and ore reserves, according to ALROSA.

Sierra Leone Optimistic about Diamond Trade

Ramat Gan: Sierra Leone President Ernest Bai Koroma spoke optimistically of the nation’s future in the diamond industry on a visit to the Israel Diamond Exchange (IDE).

Italian Exhibition Group Accredited at the UN

Rimini: The Italian Exhibition Group Spa (IEG), the new trade show company created through the merger between Rimini Fiera and Fiera di Vicenza, received prestigious international recognition in New York on Thursday (January 12), when it was awarded formal accreditation through CIBJO, the World Jewellery Confederation, from ECOSOC, the United Nations Economic and Social Council, for promoting and implementing activities relating to Corporate Social Responsibility along the jewellery and precious metal and gemstone supply chain.

CaratLane Opens its 2nd Store in Bengaluru

Bengaluru: CaratLane, India's leading omni-channel jeweller has opened its 2nd store in Bengaluru, at Koramangala. For a brand that’s on a mission to democratize access to jewellery, this store launch, the 14th in the country, is a step forward in expanding the growing retail footprint.

JNA Awards Declares Updated Categories

Hong Kong: The JNA Awards aims to promote and uphold excellence in innovation, creativity, leadership, sustainability and best business practices with a focus on initiatives that have a positive impact on Asia’s jewellery and gemstone sector.

Italian Exhibition Group Launches ’17 with 2 Expos

Rimini: 2017 is getting off to a great start for IEG - Italian Exhibition Group SpA. The new player on the expo scene was officially founded on 1st November with the merger between Rimini Fiera and Fiera di Vicenza, which now is the second largest Italian expo hub as far as turnover is concerned. Led by president Lorenzo Cagnoni, vice president Matteo Marzotto and General Manager Corrado Facco, IEG begins the new year with two world-level expos - VICENZAORO and SIGEP - each in its respective market, but based on the same great value: things well done in Italy.

GJEPC Hopeful with Trump Precedency

Mumbai: India expects to export 10 percent to 15 percent more polished diamonds to the U.S. in the fiscal year beginning April, growth similar to that seen in 2016, on the belief that a Trump presidency will reinvigorate the world’s largest economy, according to Praveen Shankar Pandya, chairman of the Gem & Jewellery Export Promotion Council.

Mumbai Diamantaire Faces IT Raid

Mumbai: A diamond merchant and his well-known nephew have been raided by income tax authorities for allegedly dealing in scrapped currency following demonetization, according to diamond market sources.

Angola Mine Claims Highest-Value Diamonds

Luanda: Lucapa Diamond Company claimed its Lulo mine in Angola achieved the highest price per carat for any run-of-mine diamond production in the world in 2016.

Impact of Dubai’s Duty on Jewellery Imports

Mumbai: Some Indian jewellery exporters to the United Arab Emirates (UAE) are considering closing operations in India and shifting them to the UAE after the Emirates' recent increase in gold import duty to 5 percent from 0.36 percent.