BlueRock secures loan to settle £230k claim made by ex-CEO

BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in South Africa, has entered into a loan with chairperson Paul Beck and chief executive Adam Waugh.

Today

GJEPC to accept any role and shoulder any responsibility that the government gives it - Pramod Agrawal, Chairman, GJEPC

Addressing the Press on the concluding day of IIJS 2018, Chairman Pramod Agrawal and Vice Chairman Colin Shah revealed that The Gem & Jewellery Export Promotion Council (GJEPC) has begun multiple initiatives and is interacting with various industry...

Yesterday

Vladivostok to host WFDB Asian Summit-Executive Committee Meeting

The World Federation of Diamond Bourses (WFDB) has announced that its Asian Summit/Executive Committee meeting, which will take place in Vladivostok, Russia, is set to be well attended, and will feature a wide range of representatives. The Moscow...

Yesterday

Thailand's Ministry of Commerce to support 62nd Bangkok Gems & Jewelry Fair

The Department of International Trade Promotion (DITP) of Thailand's Ministry of Commerce will be supporting the 62nd edition of the Bangkok Gems & Jewelry Fair (BGJF) under the theme of Heritage & Craftsmanship.

Yesterday

Gemfields’ Kagem mine accused of tax evasion

Gemfields said the Zambian Revenue Authority (ZRA) is investigating its 75 percent-owned Kagem emerald mine for alleged tax evasion.

Yesterday

Mercury Polished Diamond Prices: Slight Price Declines in March

28 april 2018
(ehudlaniado.com) - The polished diamond price increases that characterized the start of the year have largely ended. With few exceptions, prices of diamonds in all categories headed down in March, ending the positive run that began with the consumer rush in the US in late December. It continued throughout January and February, and ended on the back of the gem trade show in Hong Kong that fell below expectations. The March declines, if continued into April and May, will continue the trend of polished diamond price declines that started in mid-2014 and continued almost uninterrupted until December 2017. The direction that prices will take in the next couple of months is important, because it will signal one of two understandings of the consumer market: if the price declines in March are temporary and start rising again in April and May, we will know that the extended price decline hit rock bottom, and the diamond industry will have a good understanding of what consumers are willing to pay. If, however, prices continue to decline in the coming months, this would indicate that prices are still too high, and the diamond industry, from polished wholesalers to rough diamond miners, will continue to contract until the new price base is found.