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

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

Today

New large diamond deposits found in Yakutia

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

Today

Second Bharat Diamond Week to Take Place in October

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.

Today

Polished diamond exports from India up 5% in June

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.

Today

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

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...

Yesterday

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

Today

(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 issue of black money and said he had promised to bring back all illegal money stashed abroad but his government was now virtually saying that there was no illegal money in Swiss banks.

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

Yesterday

(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 it before. But the problem is, as with so much in this era, politics.

Mumbai: Rs 3,000 crore diamond import scam busted

16 july 2018

(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 black money out of the country. The fraudsters are believed to have taken out over Rs 3,000 crore in the past year-and-half, said DRI officials.

Okavango Diamond Co. Signs Up for GIA’s Mines to Market Program

13 july 2018

(jckonline.com) - Botswana’s Okavango Diamond Co. says that it will participate in a pilot of the Gemological Institute of America’s (GIA) Mines to Market (M2M) program. The M2M program, which JCK profiled in May 2017, is a digital platform that scientifically matches a rough diamond with the resulting polished, thereby letting a consumer track a diamond on its journey down the pipeline. It includes an M2M app that provides customers with details of the diamond’s story.

New Deal Shows That Polishing Diamonds In Israel Can Make Financial Sense

12 july 2018

(idexonline.com) - The irony was almost palpable this week when Israel Diamond Exchange (IDE) President Yoram Dvash and Shanghai Diamond Exchange (SDE) President Li Qiang signed an historic MoU between the two bourses in Ramat Gan. From now on some Chinese diamantaires will have their large diamonds polished in Israel in a new manufacturing facility that the Israel Diamond Exchange (IDE) and Israel Diamond Institute (IDI) are now building within the IDE complex.

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