Armenia puts up for sale more than half of valuables from state reserve

On September 24, the Government of the Republic of Armenia approved the sale of the most illiquid valuables stored in the vaults of the State Treasury of Precious Metals and Stones supervised by the Ministry of Finance of Armenia. The auctions will take...


Caledonia Mining acquires new gold mining project in Zimbabwe

Caledonia Mining has entered into an agreement to acquire the mining claims over the Maligreen project, a property situated in the Gweru mining district in Zimbabwe from Pan African Mining for $4 million.


SA diamond producers welcome ruling on Mining Charter

The South African Diamond Producers Organisation (SADPO) has supported a High Court ruling that the country’s Mining Charter is an instrument of policy, not binding legislation.


Indian diamond exporter under Income Tax radar

The Income Tax department carried out search operations on premises connected to a leading diamond manufacturer and exporter from Gujarat and seized a large volume of unaccounted data. The raids, which began on September 22 based on intelligence input...


New RJC standard for lab-grown materials

Responsible Jewellery Council, the world’s leading standard-setting organisation for the global jewellery and watch industry with 1,500 member companies in 71 countries, announced that it will develop a standard for laboratory-grown materials to establish...


The Software Pirates of Surat

19 march 2021

( - There's more than one way to get your diamonds scanned in Surat. Orthodox business practice is to buy a legitimate machine and license its software on a "pay as you go" basis. The alternative is to seek rough planning and inclusion mapping services elsewhere at a lower cost - using pirated software run on counterfeit machines. Diamond manufacturers in the cutting and polishing capital aren't so brazen as to actually have the technology on their premises. Instead, they send their diamonds, and very often their workers as well, to outside facilities with pools of machines to get them scanned. Sometimes they have specific machines set aside for their own use. The financial benefits are significant - using pirated software costs less than doing it legitimately - and the practice has caught on with quite a few polishers.