While saying that it welcomed the Indian government’s increase in import duty on polished diamonds and coloured gemstones, along with lab-grown diamonds to 7.5 percent and that on jewellery to 20 percent as a means of tackling the country’s current account deficit (CAD), the Gem & Jewellery Export Promotion Council (GJEPC) said however, that the measure […]

The post Import Duty Hike Will Impact Reprocessing Segment, Exports: GJEPC appeared first on The Jewelry Magazine.

Alrosa has put veteran banker Evgeny Agureev in charge of its sales division ahead of the miner’s new contract period for rough-diamond buyers, it said Wednesday. Agureev (pictured) will be the director of the United Selling Organization (USO), Alrosa’s diamond sorting and sales unit. He will be responsible for developing rough sales, making them more […]

The post Alrosa Names Sberbank VP as Sales Head appeared first on The Jewelry Magazine.

Rough diamond production at the major mines in Botswana dipped by 8.5% in value during the first six months of 2017 as compared to the same period a year earlier, according to statistics released recently by the Bank of Botswana. According to the report, ‘rough exports’ from Botswana during H1 2017 amounted to US$ 1.65 […]

The post Botswana’s H1 Rough Diamond Production Dips 8.5% Y-o-Y appeared first on The Jewelry Magazine.