Worldwide jewelry sales rise by 4% in 2018 - ALROSA

Global sales of diamond jewelry grew by 4% in 2018 compared with last year and amounted to $85.9 billion.

Today

RAPAPORT organises melee auction in Belgium

Rapaport Auctions is organizing a melee auction in Belgium from March 25-27, AWDC reported.  

Today

Namdia receives 78 bids from potential diamond buyers

Namibia’s state-owned diamond trading company, Namib Desert Diamonds (Namdia) has received 78 applications from potential diamond buyers around the world, according to local news reports.

Yesterday

ALROSA changes its client policy to maximize profit

ALROSA, a Russian diamond mining company, intends to modernize its client policy to increase the company's profit, FINMARKET.RU reports, citing the company's CEO, Sergey Ivanov.

Yesterday

Synthetic diamond coating is a new challenge for gemmologists

A study concerning a yellow crystal submitted for analysis to the Far East Geological Institute (FEGI) showed that the stone was a synthetic moissanite covered with a thin diamond film, says a report in the Gemmological Institute of America (GIA)...

Yesterday

Boom after gloom: GST helps organise diamond industry

03 july 2018
(BusinessLine) - For 40-year-old Paresh Kanani in Surat, life has changed dramatically over the past one year. A small-time diamond trader, who used third-party channel to export small quantities of diamond and jewellery to his clients abroad, now proudly harbours an ambition of becoming ₹100 crore company from ₹8 crore currently. Kanani and many like him in the diamond hub of Surat attribute their happiness to the new tax regime, Goods and Services Tax (GST), which, they say, has given wings to their dreams. Sharing about his journey from an unorganised player in the ₹1 lakh-crore diamond industry, to a registered exporter with a GST number, the SSC-pass Kanani expressed joy and satisfaction for being able to do business with self-respect without being relied upon any third party.