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.


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...


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...


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.


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.


British bank StanChart is 'making progress' with US regulators following Iran scandal, finance chief says

18 may 2018
( - In 2016, Standard Chartered said it will stop providing finance to parts of the jewelry industry as part of a broader review on exposure to riskier sectors of the market. Loans on diamonds only accounted for small percentage of the bank's assets, but $400 million was reportedly lost on the sector with consumer demand falling and the price of diamonds dropping. Speaking specifically about safeguards on the commodity markets, Chief Financial Officer Halford said that the bank had "done a lot of work" having learned the lessons of what happened a couple of years ago. "So the visibility across the business now of the level of exposure we are prepared to take to each individual sector is much, much heightened, the standards there are very, very closely scrutinized," Halford said.