(yahoo.com/Bloomberg) - Efforts by Indian diamond traders to secure more uncut product from Russia and allay an export slump in the world’s biggest polishing hub are being hampered by currency risks. Supplies from Russia to India have fallen 40% since April, leading to a knock-on slump in exports from the Asian nation. Furthermore, not a single jeweler has utilized a special facility set up in July to allow the trade to be handled in rupees, according to the Gem & Jewellery Export Promotion Council.
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Angola’s Chitotolo eyes higher diamond output this year
The Sociedade Mineira do Chitotolo, a partnership between Endiama, ITM Mining and Lumanhe, which has alluvial diamond mining operations in the Lunda-Norte province is targeting to produce 281 000 carats this year.
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Saiyam Mehra takes over as Chairman and Rajesh Rokde as Vice Chairman of GJC
The Installation ceremony of the Committee of Administration (COA) of India’s prestigious gems and jewellery industry body the All India Gem and Jewellery Domestic Council (GJC) concluded in Mumbai.
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Angola plans to produce 12Mcts in 2023
Angola is planning to produce 12 million carats of rough diamonds worth $2.1 billion in 2023, according to the state-owned diamond company, Endiama.
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Malabar Gold & Diamonds opens its 300th Global Showroom in Dallas, USA
The 300th global showroom of Malabar Gold & Diamonds, the 6th largest jewellery retailer globally across 10 countries, was held in Dallas, USA, according to a press release from the company.
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Princess of Monaco in the most expensive diamond tiara at the coronation of Charles III
Princess Charlene of Monaco, together with her husband Prince Albert, may appear at the May coronation of Charles III in a tiara, which is called the most expensive of all diamond tiaras.
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