Johannesburg: Smugglers are using
social-media platforms such as Facebook and WhatsApp to get diamonds out of the
Central African Republic (CAR) and into international markets, Global Witness
claimed in a report last week.
New Delhi: Do not expect any compensation
for theft or burglary of valuables in lockers of public sector banks as the
hiring agreement on the safe deposit boxes absolves them of all liability,
according to media reports.
New Delhi: Gold import to India in May reached
nearly a two-year high level at $4,958.6 million, 122 tonnes were imported –
the highest since March 2015.
Harare: Mines minister Walter Chidakwa told
the Zimbabwe parliament yesterday that the Zimbabwe Diamond Mining Company
(ZCDC) still has 300 million tons of diamond ore to mine in Chiadzwa, reports
Moscow: On Thursday, the Supervisory Board
of ALROSA decided to terminate the powers of three members sitting on its
Executive Committee - Ilya Ryaschin, Sergey Pushkin and Valery Serov.
Luanda: Angola’s state-owned diamond mining
company Endiama produced 9.21 million carats of diamonds last year, exceeding a
target of 9 million carats set by the ministry of planning and territorial
Bern: Swiss watch exports jumped in May
amid stronger demand from China and Hong Kong, the Federation of the Swiss
Watch Industry reported Thursday.
Mumbai: All India Gems and Jewellery Trade
Federation (GJF), national nodal trade body for the promotion and growth of
trade in gems and jewellery across India, is planning for it’s series of GST
seminars in Mumbai on 29th June, 2017 from 2pm to 6 pm, at Birla Matoshri
Sabhagraha, Marine Lines, Mumbai. After receiving a large number of queries
from industry stake holders, it will initiate panel discussions by team of
Legal and GST experts and also officially launch the software “Adhigam”
developed with support of Financial and IT experts to assist jewellers to
migrate to GST (Goods & Transport Services) tax regime.
London: China's Fosun International has
increased its offer for UK gemstone miner and Fabergé owner Gemfields to $323
million (£256 million), and Gemfields is encouraging its minority shareholders
to accept the takeover bid despite considering it unreasonable, in order to
avoid an even more “derisory” buyout bid from its largest shareholder,
Gaborone: De Beers sold rough diamonds with
a provisional value of $530 million in the fifth sales cycle (Global
Sightholder Sales and Auction Sales) of 2017, indicating ongoing strong demand
from the global industry.
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