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