NEWS
Moscow: ALROSA’s rough diamond resources
fell 4 percent to 1.03 billion carats as at July 1, 2016, the Russia-based
miner reported.
Back on January 1, 2015, the resources
stood at 1.08 billion carats. Both assessments were carried out in accordance
with a code outlined by the Joint Ore Reserves Committee (JORC), the
Australasian guidelines for reporting mineral resources and ore reserves,
according to ALROSA.
Ramat Gan: Sierra Leone President Ernest
Bai Koroma spoke optimistically of the nation’s future in the diamond industry
on a visit to the Israel Diamond Exchange (IDE).
Rimini: The Italian Exhibition Group Spa
(IEG), the new trade show company created through the merger between Rimini
Fiera and Fiera di Vicenza, received prestigious international recognition in
New York on Thursday (January 12), when it was awarded formal accreditation
through CIBJO, the World Jewellery Confederation, from ECOSOC, the United
Nations Economic and Social Council, for promoting and implementing activities
relating to Corporate Social Responsibility along the jewellery and precious
metal and gemstone supply chain.
Bengaluru: CaratLane, India's leading
omni-channel jeweller has opened its 2nd store in Bengaluru, at Koramangala.
For a brand that’s on a mission to democratize access to jewellery, this store
launch, the 14th in the country, is a step forward in expanding the growing
retail footprint.
Hong Kong: The JNA Awards aims to promote and uphold excellence in innovation, creativity, leadership, sustainability and best business practices with a focus on initiatives that have a positive impact on Asia’s jewellery and gemstone sector.
Rimini: 2017 is getting off to a great
start for IEG - Italian Exhibition Group SpA. The new player on the expo scene
was officially founded on 1st November with the merger between Rimini Fiera and
Fiera di Vicenza, which now is the second largest Italian expo hub as far as
turnover is concerned. Led by president Lorenzo Cagnoni, vice president Matteo
Marzotto and General Manager Corrado Facco, IEG begins the new year with two
world-level expos - VICENZAORO and SIGEP - each in its respective market, but
based on the same great value: things well done in Italy.
Mumbai: India expects to export 10 percent
to 15 percent more polished diamonds to the U.S. in the fiscal year beginning
April, growth similar to that seen in 2016, on the belief that a Trump
presidency will reinvigorate the world’s largest economy, according to Praveen
Shankar Pandya, chairman of the Gem & Jewellery Export Promotion Council.
Mumbai: A diamond merchant and his
well-known nephew have been raided by income tax authorities for allegedly
dealing in scrapped currency following demonetization, according to diamond
market sources.
Luanda: Lucapa Diamond Company claimed its
Lulo mine in Angola achieved the highest price per carat for any run-of-mine
diamond production in the world in 2016.
Mumbai: Some Indian jewellery exporters to
the United Arab Emirates (UAE) are considering closing operations in India and
shifting them to the UAE after the Emirates' recent increase in gold import
duty to 5 percent from 0.36 percent.
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