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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

Indian diamond industry observes partial shutdown in Surat

19 june 2017

The diamond cutting and polishing centre in Surat and those in Navsari and Saurashtra in Gujarat observed a shutdown on Saturday to press for exemption of the diamond industry from Goods and Services Tax (GST) regime that will come into force from July 1 in India, according to media reports.
The call for shutdown was given by Diamond GST Sangarsh Samiti which has been opposed to GST Council's decision to implement 3% GST on polished diamonds, 18% on diamond trading and 0.25% on rough diamonds.
It is reported that around 4,000 diamond brokers and 3,500 diamond merchants did not work and 3,000 small and medium diamond units remained shut, resulting in a loss of more than $105 million to the trade.
Praveen Shanker Pandya, Chiarman of the Gems and Jewellery Export Promotion Council (GJEPC) had on Friday appealed to diamantaires in Surat, Navsari and other cutting centres in Saurashtra not to join the bandh.

Aruna Gaitonde, Editor-in-Chief of Assian Bureau, Rough & Polished

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