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India’s exports of G&J rises 9.8%; polished diamonds up 10.2% in FY17

India’s exports of Gems and Jewellery increased 9.85% to $43.16 bn in FY17 (provisional data in April 2016 to March 2017) vis-a-vis $39.24 bn in FY16 (April 2015 to March 2016). Gross exports of cut and polished diamonds in FY17 increased...

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Debswana begins processing Cut 8 ore – report

Debswana, a joint venture company between De Beers and Botswana government, has begun processing ore from the $3 billion expansion of its Jwaneng diamond mine, known as Cut 8.

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Fancy color diamond price index slightly up in Q1 2017

The Fancy Color Diamond Index for the first quarter of 2017 indicates pricing stability across most fancy color diamond categories. The main exception was blue fancy color diamonds, which saw a 1.9% price increase in the first 3 months of 2017, continuing...

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Koin to conduct tender of African diamonds next month

Koin International is set to conduct sales of rough diamonds from several African countries in Antwerp next month.

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Jewelry to Drive US Mother’s Day Spending

US consumers are expected to spend more on jewelry than on any other product category this Mother’s Day (May 14), according to a survey by the National Retail Federation (NRF).

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Martin Rapaport’s Presentation at the Mines to Market Conference was divisive, belligerent & inaccurate at best

21 march 2017

(Diamond World News Service) - The Day 2 of the Mines to Market Conference came to an end with Rapaport’s offensive and demeaning presentation - “State of Diamond Industry”. He began by saying how greatly India is dependent on the US and how much it needs America more than anything else. His presentation and manner of speaking was extremely demeaning, aggressive and insulting to Indians. “Indian industries are suckers, they manipulate profits,” he said. He also mentioned that the net rough exports in the UAE are only because of India. He continued to his vindictive presentation by accusing Indian businessmen of malpractices. He insinuated that Indians support illegal activities which are eventually funding terrorism and that President Trump will not stand for such things. It was very evident that Rapaport was acting as an agent for Trump to fix policies between India and America.

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