NEWS
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
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
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
Jewellery giant Pandora is to update its
financial reporting structure, effective from the Q1 2017 interim report.
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.
Pink & Blue Diamonds Could Fetch $68M
Geneva: Sotheby’s will offer what it has
called the “most valuable” set of earrings in auction history at its Geneva
sale next month – though the two stones don’t match in color.
Narendra Modi Inaugurates HK Hub
Surat: HK HUB, an Ultra-Modern Factory of
Hari Krishna Exports Pvt. Ltd., a known and respectable name in the Indian Gem
and Jewellery Industry, was inaugurated by Prime Minister of India, Mr.
Narendra Modi last week at Surat. Also present at the occasion were Mr. Vijay
Rupani- Chief Minister Of Gujarat, Mr. Nitin Patel-Deputy Chief Minister of
Gujarat and Mrs. Anandiben Patel-Former Chief Minister of Gujarat.
Signet to Conduct Independent Review
New York: Signet Jewellers Limited
announced that its new Board Committee, focused on Respect in the Workplace,
has appointed former federal Judge Barbara S. Jones to conduct a thorough
review of the company’s policies and practices regarding equal opportunity and
workplace expectations.
Rockwell Provides Update on Three Units
Johannesburg: Rockwell Diamonds Inc. has
provided an update to the interim liquidation order against three subsidiaries
of the company issued by a judge in Kimberley, South Africa, on March 23.
Dubai Precious Metals Conference Concluded
Dubai: The sixth edition of the annual
Dubai Precious Metals Conference (DPMC) hosted by DMCC, which was held in Dubai
recently, came to a conclusion with the focus on Taxation Plans on the
concluding day. The conference was attended by over 300 delegates across the
value chain.