NEWS

Harrogate Company Helps Discover Diamonds

Harrogate Company Helps Discover Diamonds

London: A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.


India’s Supreme Court Won’t Try for ‘Kohinoor’

India’s Supreme Court Won’t Try for ‘Kohinoor’

New Delhi: India’s Supreme Court has told officials pushing for fresh attempts to bring the priceless Koh-i-Noor diamond, now part of the British crown jewels, that it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Zimbabwe Says No to Expanded Definition of Conflict Diamonds

Zimbabwe Says No to Expanded Definition of Conflict Diamonds

Harare: Zimbabwe said it will not support the civil society’s sponsored move to expand the definition of conflict diamonds to include issues such as human rights.
Mines minister Walter Chidhakwa told Rough & Polished that Harare engaged the South Africans on the sidelines of the African Mining Indaba last February and they also indicated their discomfort with the overhaul of the definition.


Zimbabwe NGO Has Zero Faith in ZCDC Diamond Mining Capacity

Zimbabwe NGO Has Zero Faith in ZCDC Diamond Mining Capacity

Harare: Zimbabwe NGO Centre for Natural Resource Governance (CNRG) said the Zimbabwe Consolidated Diamond Company (ZCDC) does not have the capacity to mine diamonds from kimberlite sources, reports Rough-Polished, adding that the wholly owned state company set up early last year had no equipment of its own, and would likely turn to foreign investors to develop in Tsvingwe (Penhalonga) in Manicaland Province, which is believed to hold kimberlitic diamonds. “A 50/50 joint venture is likely to be negotiated between ZCDC and its partner.


China’s Jewellery Sales Record 7.9% Increase in Q1

China’s Jewellery Sales Record 7.9% Increase in Q1

Beijing: Retail sales of gold, silver and jewellery continued its winning streak in China, recording a 7.9 percent increase in the first quarter of 2017, data from the National Bureau of Statistics of China showed.


JNA Awards to Accept Entries Until May 5

JNA Awards to Accept Entries Until May 5

Hong Kong: Industry players have until midnight of May 5 (Hong Kong time) to join the JNA Awards, one of the world’s most prestigious awards in the global jewellery and gemstone sector.


Argyle Decline Weighs on Rio Tinto Output

Argyle Decline Weighs on Rio Tinto Output

Perth: Rio Tinto’s diamond production fell in the first quarter, as its Argyle mine in Australia yielded a reduced volume and lower grade of ore.


Luk Fook Sees Improved Jewellery Sales

Luk Fook Sees Improved Jewellery Sales

Hong Kong: Hong Kong-based jeweller Luk Fook Holdings recorded its first quarterly growth for same-store sales in three years, driven by its gem-set jewellery offering and an improvement in Hong Kong.

ALROSA Meets Long-Term Customers

ALROSA Meets Long-Term Customers

Moscow: President of ALROSA Sergey Ivanov took part in an extraordinary business meeting with the company’s long-term clients dedicated to the new contract period.

Pandora Makes Changes to Financial Reporting Structure

Pandora Makes Changes to Financial Reporting Structure

Jewellery giant Pandora is to update its financial reporting structure, effective from the Q1 2017 interim report.


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