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AWDC Board Elects New President

The Antwerp World Diamond Centre (AWDC), the industry organization representing the interests of 1,600 diamond companies in Antwerp, has elected Nishit (Bali) Parikh as its new President, replacing outgoing President Stéphane Fischler...

22 february 2018

De Beers’ 2017 core earnings up 2pct despite drop in revenue

De Beers, which is 85 percent-owned by Anglo American, said its underlying adjusted earnings before interest, tax, depreciation and amortization (EBITDA) leaped 2 percent to $1.435 billion compared to $1.406 billion a year earlier despite lower...

22 february 2018

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.

22 february 2018

GJEPC and MIDC sign MoU for Jewellery Park in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) of India and the Maharashtra Industrial Development Corporation (MIDC) signed a MoU for the setting up India’s largest Jewellery Park in Mumbai.

22 february 2018

Stellar starts front end engineering, design for Tongo-Tonguma

Stellar Diamonds said it has started the Front End Engineering and Design study (FEED) for the underground mine development of the Tongo-Tonguma project in Sierra Leone.

22 february 2018

US Economic Growth Being Hit By Volatility At Home And Abroad

17 may 2017
(idexonline.com) - Three months into his administration, President Trump appears to be running into reality. Political changes at home are much more difficult to achieve than previously thought. And abroad, there are serious developments and volatility beyond what he might have foreseen. All of that has smudged his palette and, consequently, makes the picture a lot less clear. Following the initial euphoria, US economic growth remains lackluster. And uncertainty as to whether the Trump administration can pass key reforms, despite controlling both the Senate and the House of Representatives, are making markets somewhat edgy. The stock market is looking for evidence that U.S. corporate earnings will remain robust and that policies on tax reform, regulation (or, rather, deregulation) and infrastructure will gain lawmakers' approval.

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