“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

Today

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

Armenia increases tax on imports of gold and diamonds from non-EAEU countries

05 march 2019

The Armenian government has decided to consistently increase the tax on imported gold and diamonds from the non-EAEU countries, Sputnik quoted the Minister of Economic Development and Investments Tigran Khachatryan as saying.
This year, the tax on imports of gold and diamonds will increase by 3%.
"From January 1, a 3% duty will be applied to imports of diamond and gold products. In 2020, the duty will reach 6%, and in 2021 it will go up 10% for gold and 9% for diamonds, in 2022 it will rise by 15%,’’ the agency quoted Khachatryan as saying.
According to the report, an income tax increase will strengthen the position of local business.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg