Rio Tinto celebrates opening of new diamond pipe at Diavik

Rio Tinto celebrated on Aug 20, the opening of a fourth diamond pipe, known as A21, at the remote subarctic Diavik Diamond Mine in Canada.

Today

Lucara subsidiary collaborates with diamond technology developer

Lucara Diamond said its subsidiary Clara Diamond Solutions has inked a collaboration agreement with Sarine Technologies, a diamond industry technology developer.

Today

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

Mumbai: Rs 3,000 crore diamond import scam busted

16 july 2018

(The Times of India) - 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.