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.


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.


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...


Rio Tinto announces second quarter production results

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

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.


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.


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