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...


Alrosa Mulls Long-Term Contracts For Supply Of Polished Diamonds

08 october 2014
(IDEX Online News) - Russian diamond mining giant Alrosa is considering the possibility of entering into long-term contracts for the supply of polished diamonds or a joint venture with some large retailers. "A year ago we started test work to optimize our cutting facilities and redistribute the assortment inside the country depending on the cost of its treatment," vice president Andrey Polyakov told IDEX Online. "This work proved to be effective. We will study the possibility of concentrating the cutting and polishing operations for the whole range of Alrosa’s assortment at the company’s facilities in Barnaul and of engaging a strategic partner there."