NEWS
Vancouver: Lucara Diamond Corp. plans to
sell the 1,109-carat Lesedi La Rona in the first half of next year, after the
rough diamond failed to find a buyer at a Sotheby’s auction in June, says a
Rapaport report.
Copenhagen: Pandora agreed to acquire its
licensed store network in Belgium and Luxembourg from distributor Gielen
Trading as the company aims to take greater control of its brand.
Bangkok: Thailand's gems and jewellery
exports will likely decline for a second straight year amid increased
competition and a global economic slowdown, Kasikorn Bank's research firm said
on Friday.
Toronto: One year after deciding to place
it on care and maintenance, De Beers is putting its Snap Lake Mine in the
Canadian subarctic on extended care and maintenance – a euphemism for flooding.
New York: A research team, led by GIA’s
Evan Smith, has made a significant breakthrough in understanding how the biggest
and rarest diamonds are born of deep-lying metallic liquid.
Moscow: On 14 December, 2016 ALROSA repaid
a $370 mln bank loan to JSC UniCredit Bank received in April 2014.
The bank loan was repaid with cash from
operations, thus reducing debt down to $2.3 bn.
Antwerp: On November 21, HRD Antwerp
organised a “Diamond Night” at the Grand Hotel et de Milan in Milan in the
presence of the Belgian Ambassador to Italy, HE Patrick Vercauteren Drubbel and
a delegation of leading Italian jewellers.
Antwerp: With little more than five months
to go to the opening of CARAT+, leading loose diamond and diamond jewellery
suppliers are filling up the show's remaining exhibition space. One can now get
a glimpse of what it is being billed as 'the world's premier diamond event.'
India’s leading online jewellery brand, BlueStone.com has launched exclusive designs under five limited edition collections as part of its latest initiative-BlueStone Design Week. The Design Week, a first of its kind enterprise by the jewellery major celebrates the beauty and significance of designs in jewellery.
Mumbai: The Indian exporters are confident
that polished diamond exports from India are only slated to rise in the coming
quarter, in the range of 8-10 per cent.
Explaining the situation P S Pandya,
chairman of the Gem and Jewellery Export Promotion Council (GJEPC) said,
"Polished diamond exports have been rising this year, and as such we are
expecting the exports to register a double digit growth rate on a year on year
(yoy) basis in the coming quarter. The growth is likely to be in the range of
8-10 per cent banking on Christmas season demand."
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