Mumbai: A new disciplinary committee will
deal with misconduct in India’s diamond trade under plans approved by the Gem
& Jewellery Export Promotion Council (GJEPC).
Ramat Gan: Sarine Technologies' New
Ground-breaking Clarity and Colour Technology Will Revolutionize the Global
Diamond Industry says the company Sarine CEO Mr. Uzi Levami, "Once again,
Sarine introduces ground-breaking technological innovation into the global
diamond industry — technology that will revolutionize the way the diamond
industry and consumers perceive Clarity grading, and transform the polished
sourcing and sorting process.
Ramat Gan: Diamond companies in Israel have
been granted another two months to voluntarily disclose their assets, inventory
and unreported income to the Tax Authority, reports Rapaport.
Mumbai: India's USD 45 billion jewellery
market has been struggling over the last 50 days, post the government’s
announcement of demonetisation on November 8. However, the industry has not
seen much respite from slack demand even as the deadline for demonetisation
ended on 30th December 2016.
Mumbai: The Bureau of Indian Standards
(BIS) has announced that from January 1, 2017, all hallmarked gold jewellery
will have gold caratage stated on the piece in addition to the fineness of the
metal which is currently marked.
Mumbai: The country’s largest bank State
Bank of India (SBI) announced a steep interest rate cut in several years on
Sunday, by reducing its marginal cost of funds based lending rate (MCLR) by 90
basis points (bps) across all maturities.
Antwerp: A team of World Federation of
Diamond Bourses (WFDB) officials will be participating on behalf of the World
Diamond Council (WDC) in events during the Plenary meeting of the Kimberley
Process Certification Scheme (KPCS) which takes place in Dubai, UAE, from
November 13-17. Other WFDB members will be attending the five days of meetings
and discussions as observers. The events include a panel discussion as part of
the Third Forum on Rough Diamond Evaluation hosted by KP Chair Ahmed Bin
Sulayem, and a Special Forum on synthetics or man-made diamonds.
Moscow: Alrosa has brought the underground
mine at its Mir diamond pipe to full capacity, according to Russian news
service Interfax. Capacity for 1 million tons of diamond ore was reached at the
end of December, and at that rate the Mir pipe can be mined for another 50
years, the company said in a statement.
New York: Consumer confidence climbed in
December to the highest level since August 2001 as Americans were more upbeat
about the outlook than at any time in the last 13 years, writes Bloomberg based
on a report from the Conference Board, a New-York based independent business
membership and research association working in the public interest.
New York: The Indian Diamond and Colorstone
Association (IDCA) said its Board of Directors has unanimously reelected Ashok
Sancheti as President.
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