India's NMDC sells diamonds worth $ 16.54 mn via e-auction

India’s premier public sector miner National Mineral Development Corporation (NMDC) has auctioned rough diamonds worth over $16.54 mn via e-auction, beating a slowdown in India’s gems and jewellery sector, says a report in Ultra News.


De Beers’ Forevermark inscribes two millionth diamond from Namibia

De Beers’ Forevermark diamond brand said it has inscribed its two millionth diamond, a 3.48 carat round brilliant that was mined, cut and polished in Namibia.


DMCC and Western Australia bilateral relationship to grow

DMCC (Dubai Multi Commodities Centre) aims to strengthen ties with Western Australia after top officials meeting in Perth.


US Jewelry-Store Sales Up in March

Sales at specialty US jewelry stores reached $2.31 billion in March, a 3.3% increase from the previous year, according to provisional figures from the US Census Bureau.


Zim diamonds revenue continues on downward spiral

The Chamber of Mines of Zimbabwe said the country’s diamonds revenue between January and May 12 dropped to $27 million from $51 million, a year earlier.


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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