NEWS

Indian Ambassador Urges Value-Addition of Diamonds

Indian Ambassador Urges Value-Addition of Diamonds

Harare: Zimbabwe should partner with other countries to establish a diamond cutting and polishing centre if the country is to benefit from value-addition of its gemstones, Indian ambassador to Zimbabwe, Rungsung Masakui has said.


GJEPC Expo on Synthetic Diamond Detection

GJEPC Expo on Synthetic Diamond Detection

Surat: The Diamond City will host a two-day-long Diamond Detection Expo & Symposium (DDES) 2017 to provide a platform for the trade to interact with developers of machines and technology for detection of natural diamonds and synthetic at Samast Patidar Samaj Bhavan at Katargam starting from April 14.


Alrosa Sells $554 Million of Rough Diamonds In March

Alrosa Sells $554 Million of Rough Diamonds In March

Moscow: Russian diamond miner Alrosa announced rough sales of $554.2 million in March. Polished diamond sales amounted to $12.4 million.
Total diamond sales in March amounted to $566.6 million, 1 percent higher than the same period last year.


Kiran Gems Restructuring its Operations

Kiran Gems Restructuring its Operations

Mumbai: The Kiran Gems group has announced the restructuring of its operations which will include the creation of several separate and independent businesses in different countries.


Lucapa Earns $2.5M from 3rd Rough Sale of 2017

Lucapa Earns $2.5M from 3rd Rough Sale of 2017

Perth: Australia's Lucapa Diamond Co. has earned $2.5 million (A$3.3M) from a parcel of 1,919 carats at their third sale in 2017 of rough diamonds from the Lulo Project in Angola. This represents an average price of $1,317 (A$1,742) per carat, and brings their total 2017 sales to $13.2 million at an average price of $2,055 (A$2,696) per carat.


AGS Honors Former President Cathy Calhoun

AGS Honors Former President Cathy Calhoun

Los Angeles: The American Gem Society (AGS) has presented former head Cathy Calhoun with its prestigious Robert M. Shipley Award for her service to the organization and the wider industry. She received the award during the annual AGS Conclave last week in Hollywood, California.


Apple Sues Swatch Over ‘Tick Different’ Slogan

Apple Sues Swatch Over ‘Tick Different’ Slogan

Geneva: Apple’s legal team has lodged a complaint with the Swiss Federal Administrative Court to sue Swatch over the use of the slogan ‘Tick Different’ in its recent ad campaign.


Chopard Announces Collaboration with Rihanna

Chopard Announces Collaboration with Rihanna

New York: Luxury Swiss jewellery brand Chopard has announced a collaboration with singer Rihanna for two upcoming collections.The ‘Rihanna Loves Chopard’ collection will debut at this year’s Cannes Film Festival in May and will be available for sale in June.


India’s Gold Imports Down 24% in April-Feb ‘17

India’s Gold Imports Down 24% in April-Feb ‘17

Mumbai: Import of gold into India rose to US$ 3.4 billion during February 2017, as compared to US$ 1.4 billion a year earlier, but the overall imports for the first eleven months of the previous fiscal were still about 24% below the levels for the comparative period a year ago, according to data released by the Indian government, as reported widely in the media.


HK Retail Sales Remain Negative in February

HK Retail Sales Remain Negative in February

Hong Kong: Retail sales in Hong Kong during the month of February across all categories registered a 5.7% drop in value terms and a 6.1% fall in volume terms year-on-year, according to statistics released recently by the HK government. Provisional estimates put the sales at $34.8 billion during February. Sales have now fallen for the last 24 consecutive months, though the rate of decline in recent months has been relatively slower than before.


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