Tango cancels services agreement for Angola diamond project

Tango Mining has terminated the services agreement for mining and marketing of diamonds with Cooperativa Mineira Do Moquita, SCRL in Angola.

Today

Botswana Diamonds renews prospecting licences in Kalahari

Botswana Diamonds’ subsidiary Sunland Minerals has renewed its prospecting licences located in the central Kalahari Desert, in Botswana.

Today

GSI conducted a full review of Marks Jewelers’ inventory for undisclosed lab grown diamonds

Gemological Science International (GSI), one of the largest gemological organizations in the world, conducted a full review of Marks Jewelers’ inventory for undisclosed lab grown diamonds.

Today

Aircraft deal involving Murowa Diamonds goes sour – report

Murowa Diamonds has approached the Zimbabwean High Court seeking an order to compel a safari operator to deliver a 1978 Cessna 206G aircraft it acquired for $85,000 last year, according to local media reports.

Today

India’s Bunder diamond mines likely to be revived

The Bunder diamond project in Madhya Pradesh (MP), India with an estimated 34.20 million carat diamond deposits in Chhatarpur may be revived, according to a report in TOI.

Yesterday

Banks forcing diamond merchants to formalise post-Nirav Modi

18 january 2019
(The Tribune) - State Bank of India's new credit policy under which gem and jewellery merchants with loans of Rs 50 crore and above are required to incorporate themselves has left several medium diamond merchants reeling. The country's biggest public sector bank which accounts for a bulk of loans to the diamond cutting and polishing sector has set a deadline of December 2019 for the incorporation process to be completed. Those in the trade fear that incorporation of their companies would require them to open up their books for inspection by auditors and various government agencies and would subject them to harassment.