NEWS

India Gets No. 1 Position in US Diamond Trade

India Gets No. 1 Position in US Diamond Trade

Mumbai: As President Trump met Prime Minister Narendra Modi the centre of the talk were diamonds.


Jewellers Try to Sell-Off Old Stock Before GST Roll-Out

Jewellers Try to Sell-Off Old Stock Before GST Roll-Out

Mumbai: With only a few days more for implementation of the Goods and Services Tax (GST), jewellers have intensified their efforts to replenish inventory by offering discounts on making charges for ornaments, reports Business Standard.


Myanmar Plans to Step Up Gold & Jewellery Exports

Myanmar Plans to Step Up Gold & Jewellery Exports

New Delhi: Myanmar plans to step up the promotion of jewellery and product in a bid to boost exports, Planning and Finance Kyaw Win said.


ALROSA President Meets Israel Diamond Industry Leaders

ALROSA President Meets Israel Diamond Industry Leaders

Moscow: Representatives of Israel's diamond industry want ALROSA to increase supplies of rough and polished diamonds through its tenders in Israel, the Israel Diamond Institute (IDI) said in a press release.


Gahcho Kué Prices Hit New Peak at $95/ct.

Gahcho Kué Prices Hit New Peak at $95/ct.

Toronto: Mountain Province Diamonds recorded its highest average price to date as it garnered $21.1 million at its June sale.


Botswana’s Growth Driven by Diamond Trade

Botswana’s Growth Driven by Diamond Trade

Gaborone: Botswana’s gross domestic product (GDP) grew 4.3% in 2016, mainly due to an improvement in the nation’s diamond trade, the Bank of Botswana said last week.


Indian Banks Cautious about Gold Imports

Indian Banks Cautious about Gold Imports

Kolkata: The $5 an ounce discount in the gold market has reduced sharply as bullion banks have stopped importing on consignment basis until clarity emerges on GST treatment over such imports, claimed a Kolkata based bullion dealer. "Banks prefer to wait and see until after July 1 when GST kicks in," said Harshad Ajmera, Kolkata based bullion dealer.

ALROSA Recovers 62.75 Carat Diamond at Jubilee Pipe

ALROSA Recovers 62.75 Carat Diamond at Jubilee Pipe

Moscow: Russia’s Alrosa, the world's top diamond producer by output, said Tuesday it found a 65.75-carat precious rock at the Jubilee kimberlite pipe of its Aikhalsky Mining unit in Yakutia, northeast Russia.


Has Diamond Market Ceased to Recover?

Has Diamond Market Ceased to Recover?

New York: A clear improvement in the diamond trade at the end of last year has petered out since the start of 2017 due to disappointing US economic growth and consumer spending in Q1 which has weighed on end-demand, as well as lower consumption in Hong Kong and Macau has also negatively affected demand for diamond jewellery according to company reports from main jewellers in the region, said ABN AMRO Bank in a report.).



Rio Tinto Opts into Canada Diamond Project

Rio Tinto Opts into Canada Diamond Project

Toronto: Rio Tinto has partnered with mineral exploration group Shore Gold to develop a diamond mine in Canada.


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