NEWS

Banks Snubbing Belgian Diamond Trade: AWDC

Banks Snubbing Belgian Diamond Trade: AWDC

Antwerp: Belgian banks are discriminating against the diamond trade by not lending to anyone linked to the industry, the Antwerp World Diamond Centre (AWDC) has claimed.

Baselworld Shortened by Two Days

Baselworld Shortened by Two Days

Basel: The Baselworld exhibition will be two days shorter in 2018 after fewer buyers and exhibitors attended this year's show.


Chiadzwa Diamond Fields Besieged Again

Chiadzwa Diamond Fields Besieged Again

Harare: Thousands of illegal diamond miners, who were evicted from the mining concessions about a decade ago, have since returned to Chiadzwa, raising fears the government could once again be losing millions of dollars in revenue, as uncontrolled mining activities have reappeared due to lack of security, reports News Day.


Consumer Confidence in US Highest Since 2000

Consumer Confidence in US Highest Since 2000

New York: American’s have a positive view of the current economic condition leading consumer confidence to reportedly reach the highest level in over 16 years. The Conference Board’s consumer confidence index jumped by more than 100 since February, indicating an improvement for the second consecutive month. It also eclipsed economists’ estimates of 114.


De Beers Wins Award for its Ecological Efforts

De Beers Wins Award for its Ecological Efforts

Gaborone: De Beers Consolidated Mines (DBCM) has won the Wildlife Ranching SA award for ‘Biodiversity and Social Responsibility’, in recognition of its approach to ecological management, the De Beers Group announced.


Urvashi Rautela Inaugurates Fiona Solitaires Store

Urvashi Rautela Inaugurates Fiona Solitaires Store

Mumbai: Fiona Solitaires, further fortifies its national presence by launching its twelfth store in M Block, Greater Kailash, New Delhi on 30th March, 2017. The store was inaugurated by Bollywood diva Urvashi Rautela in presence of the Co-Founders Mr. Saurabh Agrawal & Mr. Parag Agrawaland other renowned dignitaries.


Merlin Diamonds Raises $5.5M in Entitlements Offer

Merlin Diamonds Raises $5.5M in Entitlements Offer

Perth: Merlin Diamonds Ltd., owner of the Merlin diamond mine in the Northern Territory, Australia, announced they had raised approximately $5.5 million from its Entitlements Offer to shareholders in January. The funds give the Merlin diamond mine "the necessary financial flexibility to progress its operational and corporate objectives" said the company in a statement.


Jewelry Summit Launches Report on Supply Chain Talks

Jewelry Summit Launches Report on Supply Chain Talks

Tucson: The organizers of the Jewelry Industry Summit have announced the publication of the final report on the recent meeting in Tucson, Arizona.



Mountain Province Reports Profit in 2016

Mountain Province Reports Profit in 2016

Toronto: Mountain Province Diamonds recorded a profit last year, benefiting from the Canadian dollar’s improvement against its U.S. counterpart, reports Rapaport.


De Beers Cuts Sightholder Allocations

De Beers Cuts Sightholder Allocations

Gaborone: De Beers has reduced the supply of rough diamonds it will be offering sightholders in the coming year, as it fulfills its commitment to support diamond manufacturing in Namibia.



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