Rio Tinto, announcing its financial results for the year 2019, revealed that sharp declines in both revenue and earnings from its diamond business resulted in the segment reporting a net loss of US$ 21 million for the year, a steep drop when compared to the profit of US$ 118 million it reported a year earlier. […]

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Attempts to strengthen the scope of the Kimberley Process (KP) failed at the recent KP plenary after government representatives failed to reach a consensus. Despite the lack of progress, the World Diamond Council (WDC) said it continued to be committed to advocating for change. WDC president Stephen Fischler called the failure to achieve consensus, “a […]

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The Gem & Jewellery Export Promotion Council (GJEPC) held a press interaction yesterday, October 16, 2019 in Mumbai. The press meet was addressed by GJEPC Chairman, Pramod Kumar Agrawal, Vice-Chairman Colin Shah, Convener of the Exhibitions Sub-Committee (National), Mansukh Kothari and Executive Director Sabyasachi Ray. It was also attended by Shailesh Sangani, Member of the […]

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Alrosa Chief Executive Officer Sergey Ivanov paid an official visit to the Israel Diamond Exchange (IDE), where he was hosted by IDE President Yoram Dvash and IDE Managing Director Eran Zini. Providing an overview of the Israeli Diamond Industry, IDE President Dvash called on Alrosa to expand its rough diamond supply to Israel. Dvash explained […]

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