US – July retail sales increase 4.9 percent over 2017
July retail sales were up 0.4 percent seasonally adjusted from June and increased 4.9 percent unadjusted year-over-year, giving the industry a solid kickoff for the third quarter as consumers continued to spend despite concerns...
Zambian Tax Authority Raids Gemfields Mine
Gemfields reported that the Zambian Revenue Authority has launched an investigation into alleged tax evasion at its Kagem emerald mine.
The colored stone miner said the governmental body served two search warrants during an unannounced...
Gold prices steady as US-China trade optimism pressures dollar
Spot gold was mostly unchanged at $1,184.24 an ounce at 0037 GMT. Last week, it touched its lowest since January 2017 at $1,159.96.
The metal fell 2.2 per cent last week, recording a sixth consecutive...
Lightbox May Be More Disruptive Than You Think
Lately, when thinking about Lightbox, De Beers’ new line of lab-grown diamonds, I keep going back to Clayton Christensen’s theory of disruption, which I mentioned in my first post on the subject. Initially, Clay...
ALROSA Tests Mechanism for Payments in Rubles with Clients from China and India; May...
On a test basis, PJSC ALROSA transacted business with clients from China and India on the basis of payment in Russian currency. “If necessary, the Company is ready to use this payment scheme in...
Jim Duffy Appointed General Manager of De Beers’ Tracr Blockchain Platform
The next phase in the development of Tracr, the end-to-end diamond industry blockchain being developed by De Beers Group in collaboration with industry stakeholders, will be led by fin-tech professional Jim Duffy, whose appointment...
ALROSA to Offer 220 Special Rough Diamonds at its Next Auction in Israel
ALROSA will hold its next auction of special size rough diamonds (stones weighing over 10.8 carats) in Israel from August 19 to September 6, 2018.
The company plans to auction 202 gem-quality rough diamonds weighing,...
Ministry of Commerce Boosts Gems & Jewelry at the 62nd Bangkok Gems & Jewelry...
Bangkok: Ministry of Commerce’s Department of International Trade Promotion (DITP), announces its readiness to host the 62nd edition of the Bangkok Gems & Jewelry Fair (BGJF) under the theme of “Heritage & Craftsmanship” which...
MCX-IBJA Sign MoU to Explore Setting Up of Bullion Exchange in India
The Multi Commodity Exchange of India Limited (MCX) and India Bullion & Jewellers Association (IBJA) have signed a memorandum of understanding (MoU) for increasing collaboration between the two bodies including jointly exploring the setting...
Mountain Province’s Average Price Per Carat at Sixth Sale Drops to US$ 66 from...
Mountain Province Diamonds Inc., which recently concluded its sixth diamond sale of 2018, said total proceeds for it amounted to US$ 22.2 million from the sale of 334,751 carats, thus realising an average price...
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It said the post-Covid...
Sonam Kapoor introduces Zoya’s My Embrace
Zoya’s New Brand Campaign Featuring Sonam Kapoor Introduces Its Iconic Symbols Of Self Acceptance
India, April 2024: Zoya, the exquisite diamond boutique from the House...
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