Zimbabwe’s $20bn of “Disappeared” Diamonds
Corruption in Zimbabwe has cost the country at least $20bn in "disappeared" rough diamonds, according to veteran economist and former member of parliament Eddie Cross.
He accuses the late Robert Mugabe, who served as prime...
De Beers Rough Sales Trend Lower As India Diamond Trading Slows During Elections
De Beers announced its rough diamond sales figures for the fourth sales cycle of 2024, revealing a decline. The provisional sales value for this cycle is $380 million, down 15% from $446 million in...
391-ct Diamond Recovered in Sierra Leone
A huge 391.45-carat Type IIa diamond has been recovered at the Meya Mine, in Sierra Leone.
Mining bosses are delighted with the stone, the second biggest in the deposit's history.
But were disappointed to discover it...
De Beers Forecast Unchanged Despite Lower Q3 Production
De Beers says its full-year production forecast for 2023 remains unchanged - at 30m to 33m carats - despite a 23 per cent drop in Q3 output.
Most of that was because of its Venetia...
GJEPC Welcomes Customs Notice for Jewellery Repair Imports
GJEPC extended its gratitude to the Customs Department for issuing a Public Notice that streamlines the import process for jewellery repair and return. The notice dated 12th March 2025, issued by the Precious Cargo...
DGFT Introduces Bulk Upload and API Integration for Self-Certification of eBRC
The Directorate General of Foreign Trade (DGFT) announced significant improvements to the online self-certification process for electronic Bank Realisation Certificates (eBRCs). Building on the success of a pilot program in November 2023, the DGFT...
LVMH 2023 Watch and Jewelry Sales hit $11.8bn
LVMH saw improved performances from its watches and jewelry businesses during 2023, with reported revenue up three per cent to $11.84bn.
Organic revenue grew by a "robust" 7 per cent and profit from recurring operations...
De Beers Sells $445m Amid Ongoing Uncertainty
De Beers today (17 April) reported $445m of rough sales (provisional figure) during its third cycle of the year, a very slight increase on $431m at its second cycle.
Ongoing economic uncertainty, together with a...
GJEPC Delhi RO Webinar Highlights India-UAE CEPA Potential for Gold Industry Growth
GJEPC’s Delhi Regional Office hosted a webinar on 14th March focused on exploring the potential of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and its impact on the gold industry through the India International...
CIBJO Reports to UN Global Compact on Programmes and Activities During 2022-2024
The World Jewellery Confederation (CIBJO) has formally reported to the UN Global Compact about activities and programmes that it undertook in support of the United Nations’ international mission over the two-year period that started...
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