NEWS

Tango’s Latest Sale Realises US$ 875 Per Carat

Tango’s Latest Sale Realises US$ 875 Per Carat

Johannesburg: Tango Mining Limited announcing its latest sales results for diamonds mined at the Oena Diamond Mine, Republic of South Africa, during the one month period ending 20 March 2017, said that a total of 307.94 carats (183 diamonds) were produced and sold with an average price of US$ 875 per carat. “Diamond production from Oena, since acquisition, now totals 564.06 carats which have been sold at an average price of US$1,330 per carat,” the Company added.


Agarwal to "Persuade" Anglo to Mine Diamonds in India

Agarwal to "Persuade" Anglo to Mine Diamonds in India

Mumbai: Last week, BloombergMarkets reported that Anil Agarwal - the founder and controlling shareholder in Indian resource giant Vedanta Resources Plc. - paid $2.5 billion for 13 percent stake in Anglo American, a transaction that immediately made him Anglo’s second-biggest shareholder. At the time, Bloomberg reported that he has no intention of behaving like an activist investor: “At the moment, I’ve come in purely as an investor on my personal capacity and that is the intention,” said Agarwal. “We’ve never been an activist. We’re purely an investor and we are going to support the management.” Bloomberg said his,"ultimate intentions ... remain unclear." Today, his intentions may have become a bit clearer.


Ten Arrested for Defrauding Jewellers

Ten Arrested for Defrauding Jewellers

New York: Ten men were arrested this morning in New York for their alleged role in fraudulently obtaining millions of dollars in untraceable diamonds from wholesalers in New York, Las Vegas, and Mumbai.

114ct. Diamond Recovered from Letšeng Mine

114ct. Diamond Recovered from Letšeng Mine

Toronto: Gem Diamonds has found a 114-carat rough diamond at its Letšeng mine in Lesotho, the miner reported Friday.


Sierra Leone Delays 709ct. Rough Sale

Sierra Leone Delays 709ct. Rough Sale

Freetown: The government of Sierra Leone has pushed back the schedule for selling a 709.41-carat rough diamond to give bidders more time to take part.


Indian Jewellers Demand Higher GST Limit

Indian Jewellers Demand Higher GST Limit

Kolkata: The jewellery industry fears that artisans and small traders could face problems while moving to the technology-driven goods and service tax regime, which is expected to roll out from July this year.


Plans to Organize ‘PLAT Competition’ in India

Plans to Organize ‘PLAT Competition’ in India

Mumbai: ‘We are planning to organize ‘PLAT Jewellery Design Competition’ in India also,” said Ms. Vaishali Banerjee, Country Manager of India Platinum Guild International (PGI), according to a report published in gems2jewellery.com


IDI Launches New Website

IDI Launches New Website

Ramat Gan: The Israel Diamond Institute (IDI) has launched a new website. Starting today, you can read all our news and articles in an exciting new format.


India-SAARC-ME Buyer-Seller Meet in May

India-SAARC-ME Buyer-Seller Meet in May

New Delhi: Over 60 buyers from SAARC, Middle East and South East Asia are expected to attend the second edition of the India-SAARC-ME Buyer-Seller meet that is being hosted by GJEPC from May 14-16 in Delhi. About 40 leading manufacturers of plain gold and diamond studded jewellery from across India are also expected to participate. Jewellery studded with synthetic diamonds will not be permitted.


ALROSA Starts Trading on Moscow Exchange

ALROSA Starts Trading on Moscow Exchange

Moscow: Russian diamond mining giant Alrosa said it has gained direct access to trading at Moscow Exchange's FX Market. The first trades were executed on April 4.


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