NEWS
New Delhi: The Commerce Ministry is planning
to introduce a comprehensive gold policy, CNBC-TV18 said citing a NewsRise
report. According to a ministry official, the gold policy will likely suggest a
gold board for overseeing the gold and jewellery sector. “The Commerce Ministry
will seek shareholders’ inputs on this policy by June and submit a proposal to
the Finance Ministry by August,” the official added.
Gaborone: De Beers’ rough-diamond sales and
production grew in the first quarter, signaling upbeat sentiment in the
manufacturing sector.
New York: The shrinking of the US jewelry
industry slowed in the first quarter, as the number of shops shutting their
doors dropped by 16%, according to the Jewelers Board of Trade (JBT).
Johannesburg: Petra Diamonds’ sales slipped
1% in the third fiscal quarter amid a stable rough market, the miner reported.
New York:
The board and members of the Diamond Manufacturers and Importers
Association of America (DMIA) issued a statement on Friday, mourning the death
of Lloyd Jaffe, a former officer and longtime member of the DMIA. The statement
reads as follows:
Mecca: The biggest gold mine in Saudi
Arabia is set to be launched in Mecca. The governor of Mecca, Prince Khalid
Al-Faisal will launch the Al-Duwaihi Gold Mine and Factory and other mining
infrastructure projects in the region on Monday, local daily Arab News
reported.
Vicenza: A merger announced in January
between the Italian Exhibition Group Spa (IEG) and Arezzo Fiere e Congressi has
been approved, thus creating a single representative trade show platform for
the entire sector Italian gold and jewellery industry. IEG was created by the
merger of Rimini Fiera and Fiera di Vicenza.
Geneva: A 92.15-carat diamond pendant worth
up to $20 million will lead Christie’s “Magnificent Jewels” auction in Geneva on
May 17 at the Four Seasons Hotel des Bergues.
Moscow: Russian diamond miner Alrosa
briefed its long-term clients last week on the requirements for its new
three-year contract period, which begins in 2018.
To determine whether clients qualify for
the “Alrosa Alliance” program, the company will evaluate their applications and
assess their cooperation during the current contract period, the miner said.
Mumbai: The world’s top diamond producers
will try to spur demand in India with the launch of their “Real is Rare” slogan
in September, after the withdrawal of high-value bank notes dented the world’s
third biggest diamond market.
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