GJEPC Issues Show Cause Notice to Nirav Modi and Mehul Choksi; Clarifies that LoUs...
The Gem & Jewellery Export Promotion Council (GJEPC) has issued show cause notices to its two members Nirav Modi and Mehul Choksi whose companies are facing allegations of fraud and having defaulted in payments...
Has Baselworld really secured sparkling hotel deals?
Baselworld has proudly released the news that it has secured sparkling hotel deals to make attending the show cheaper next year, but are visitors really receiving a good deal? Our sister publication WatchPro puts...
I-T Dept. to re-assess ITRs of rich buyers of Nirav Modi jewellery: Officials
The buyers will be charged for tax evasion and subsequent action will be initiated if discrepancies of concealed cash payments are found.
The Income Tax Department has decided to re-assess the ITRs of over 50...
India’s Polished Diamond Exports Up 7.5% in June
Exports of cut and polished diamonds from India were US$ 1.98 billion in June 2017, a rise of 7.47% as compared to the US$ 1.84 bn in the same month a year earlier, according...
ALROSA Recovers Two More Large Rough Diamonds at Yubileynaya Pipe
The Aikhal Mining and Processing Division of ALROSA recovered two large gem-quality stones weighing 97.92 carats and 85.62 carats from the Yubileynaya pipe during January 2018, the Company announced yesterday.
Describing the 97.92 carat rough...
Rio Tinto Announces Reduced Diamonds Guidance for 2020 as Argyle Nears Closure
Rio Tinto released its operational figures for the fourth quarter of 2019 and announced that its diamonds guidance for 2020 at between 12-14 million carats would be significantly lower than the 17...
3-ct Green Diamond Sells for $491,000
A 3.00-carat fancy intense green diamond ring sold for $491,000 at Christie's Jewels Online: Summer Sparkle.
That was above its low estimate of $450,000, but less than a high estimate of $550,000.
The cut-cornered square modified...
Kimberley Process Intersessional meeting concludes successfully
The Kimberley Process Chairmanship 2019 India event was organized by the Union Ministry of Commerce & Industry, Government of India; and co-organised by Gem & Jewellery Export Promotion Council (GJEPC)
India, as the KP Chair...
IDE and Alrosa Agree to Strengthen Cooperation
Israel Diamond Exchange (IDE) President Yoram Dvash led a delegation of the heads of 28 leading Israeli diamond companies to Moscow last week to meet with senior ALROSA officials. Accompanying the delegation was Israel...
Diamond Fields to Hold Auction Sale in Antwerp
Diamond Fields International Ltd. has announced that it will shortly be holding an auction sale in Antwerp for a parcel of 8,975 carats of rough sourced from the offshore marine bulk sampling operations conducted...
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6.2-ct Fancy Vivid Pink Fetches $12m
A 6.21-carat fancy vivid pink diamond sold for $12m at Philips Geneva.
The pre-sale estimate for the VS1 clarity, Type IIa gem, set in a...
Lightbox Slashes Prices to $500 a Carat
De Beers has responded to the plunging prices of lab growns by slashing the cost of its Lightbox goods by at least a third.
Prices...
IEG: OROAREZZO 2024, +14% leap in foreign visitors, overall growth +5% compared to last...
The 43rd edition of Italian Exhibition Group's B2B event specifically for Made in Italy gold and jewellery manufacturing came to a close today
...
UAE Set To Host KP Intersessional Meeting Next Week
DMCC said the Kimberley Process (KP) Intersessional Meeting will begin on 13th May in Dubai at its headquarters in Uptown Dubai. The Intersessional will...
GJEPC Webinar Highlights Logistics Management In Middle East
GJEPC hosted a webinar on the subject “How to Manage Your Logistics in the Middle East Market” on 15th May with the aim of...
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