Common Facility Centre Inaugurated in Palanpur, Gujarat
The Hon’ble Minister of State (Independent Charge) for Commerce & Industry (C&I), Government of India (GoI), Smt Nirmala Sitharaman today inaugurated a Common Facility Centre (CFC) – the Ratna Abhushan Suvidha Kendra, Palanpur. The...
Antwerp’s Rough Diamond Trade Strong in June; Volumes Up Significantly
Antwerp’s trade in rough diamonds followed the trend seen last month, with exports and imports rising strongly year-on-year in volume terms, though the rise in value terms was smaller, according to figures released by...
Indian Demand for Gold Jewellery to Grow by 9% in CY 2017 Says ICRA...
A report by ICRA says that demand for gold jewellery is likely to grow by 9% in value terms and 6% in volume terms in calendar year 2017.
The credit rating agency said that it...
KP Statistics: Russia Largest Producer, India Largest Importer of Rough in 2016
The Annual Global Summary report of the trade in rough diamonds in 2016 released yesterday by the Kimberley Process Certification Scheme (KPCS) once again confirms Russia’s premier position as the largest producer country both...
Bank Seizes Assets of Exelco, Report Says
On June 22, KBC Bank seized assets from Exelco, a former sightholder owned by a member of the storied Tolkowsky family, according to a report in Bloomberg.
KBC, former owner of now-shuttered Antwerp Diamond Bank,...
Diamond Production at Lulo Up 63% at 4,203 Carats for June 2017 Quarter
Lucapa Diamond Company Limited said that diamond production for the June Quarter (Q2 2017) at its Lulo Diamond Project in Angola touched 4,203 carats, marking an increase of 63% y-o-y. This figure...
Couples Are Ring Shopping with This New Criteria
Las Vegas--According to WeddingWire, an online wedding marketplace that connects vendors with couples and party planners, the criteria modern couples use to shop for engagement rings differs according to whether they’re on the giving...
Jacobs the Jewellers crowns young design winners
The competition attracted a record number of public votes over 200 votes were cast, more than double the previous year. The public vote saw Rebecca Burt claim first place in the jewellery competition with...
Firms behind coloured diamonds scam shut down
An Insolvency Service investigation has led to two companies involved in the valuation and selling of fancy coloured diamonds being shut down.
IGL Labs UK Limited (IGL) and Diffraction Diamonds DMCC (Diffraction) have both been...
ALROSA to “Adjust” Development Strategy; Ivanov Says No “Fundamental” Changes Expected
ALROSA President Sergey Ivanov while outlining the key decision of the Company’s Annual General Meeting of Shareholders, “to adjust the (Company’s) development strategy”, reassured stakeholders that “no fundamental changes are expected”. A press release...
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