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Everyone must get out of the shadows: How to change Russian legislation regulating the turnover of precious stones and precious metals

The overregulation in Russia’s trade in precious stones and metals has put some part of the country’s jewelry market into the shadow economy, and small workshops are balancing on the edge of ruin. At the same time, the extractive industry continues to...

09 july 2018

One Carat Rounds – Largely Stable, With Some Exceptions

A few months ago, we looked at the changing prices of third carats, and then we examined the price trend of two-carats. This week we examine the price trend of what is considered the standard diamond – the one-carat round.

02 july 2018

50% jump in Swiss Bank deposits by Indians: Rahul targets Modi on black money

(nationalheraldindia.com) - Congress President Rahul Gandhi said that the Modi government had carried out demonetisation to supposedly curb black money but its stance now was totally different. Congress President Rahul Gandhi on Friday targeted Prime Minister Narendra Modi on the...

Today

Alrosa’s Russian Brand: Right Idea, Wrong Time?

(jckonline.com) - The New York Times reported that Russian diamond miner Alrosa is hoping to brand its stones as being of Russian origin. Getting into origin branding would ordinarily seem a smart move. Canada has been doing it for nearly 20 years. Alrosa has even considered...

Yesterday

Mumbai: Rs 3,000 crore diamond import scam busted

(timesofindia.indiatimes.com) - The directorate of revenue intelligence (DRI) has busted a multi-crore import scam where it said diamond merchants with the connivance of valuers inflated the value of the precious stones brought into the country and used this route to transfer...

16 july 2018

The RAS net income of PJSC ALROSA in H1 grew by 19% to 52.2 bn rubles

Today

PJSC ALROSA, ALROSA’s head company, has published the Russian Accounting Standards (RAS) results of H1, 2018.

New large diamond deposits found in Yakutia

Today

According to TASS, 13 new high grade diamond deposits were reportedly found in Yakutia, Russia.

Second Bharat Diamond Week to Take Place in October

Today

The Bharat Diamond Bourse (BDB) announced that the second edition of Bharat Diamond Week will take place from October 8-10 at BDB in Mumbai, India.

Polished diamond exports from India up 5% in June

Today

Polished diamond exports from India rose by 5,07% in June, 2018, as compared to a year earlier. Total exports from the gem and jewellery sector increased only by 0,9% in the period under review.

ALROSA has taken the leading position internationally in total shareholders returns index according to Boston Consulting Group

Yesterday

ALROSA, the world’s largest mining company, was ranked second among international mining companies with market capitalization of more than $4 bn  in total shareholder returns (TSR) rating “The leaders of value adding 2018” of Boston Consulting Group.

Rio Tinto announces second quarter production results

Yesterday

Rio Tinto announced today that during the secnd quarter the production at the Argyle diamond mine saw a rise of eight per cent in volume terms, compared to the second quarter of 2017 due to an increase in tonnes processed following improved plant availability.

Tsodilo upbeat as evaluation of BK16’s first diamond package shows promise

Yesterday

Tsodilo Resources said an independent evaluation of a package of diamonds recovered from its BK16 project, in Botswana, was shown to be $197.68 per carat.

Angola’s Endiama suspends CAR, Venezuela diamond projects

Yesterday

Angolan state-owned national diamond company Endiama has reportedly suspended its exploration and mining projects in the Central African Republic (CAR) and Venezuela.

Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African...

09 july 2018

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started...

02 july 2018

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

25 june 2018

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018