NEWS

Technological Innovation, Taxation Top DPMC Agenda

Technological Innovation, Taxation Top DPMC Agenda

Dubai: Major concerns in the global precious metals industry including technological advances, taxation, and macroeconomic and shifting geopolitical issues were high on the agenda of the sixth Dubai Precious Metals Conference (DPMC).


Pandora Supports Women Empowerment Initiatives

Pandora Supports Women Empowerment Initiatives

New York: Pandora Jewelry recently announced a continued partnership with Dress for Success, a global not-for-profit organisation, to support various programmes towards women empowerment.


International Meeting of Mujeres Brillantes at Vicenzaoro

International Meeting of Mujeres Brillantes at Vicenzaoro

Vicenza: VICENZAORO will host in September, an international meeting of “Mujeres Brillantes” (Brilliant Women), a group of about 500 businesswomen operating in the gold and jewellery sector that, although mainly from Latin America, also come from Turkey, Russia, Italy, Romania and Israel.


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.


De Beers Rigs Botswana Sales Contract Negotiations

De Beers Rigs Botswana Sales Contract Negotiations

Gaborone: The De Beers Group has scored a major coup against Diamond Trading Company Botswana (DTCB), rigging the odds against Botswana as the country prepares to re-negotiate the Diamond Sales Agreement which lapses in 2020 and reversing achievements of the De Beers relocation from London to Gaborone.


Dominion Upbeat Despite Sales Decline

Dominion Upbeat Despite Sales Decline

Toronto: Dominion Diamond Corporation saw a 21% slump in sales during the fiscal year that ended January 31, with lower-quality production at its two Canada mines leading to reduced revenue. Nonetheless, it expressed optimism Wednesday about its prospects for the next three years, as it continued to undergo a strategic review that might result in the sale of the company.



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.


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