Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

Yesterday

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

India's July gold imports dip 55% on record prices

07 august 2019

India's gold imports in July plunged 55% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import taxes curtailed demand.
India imported 39.66 tonnes of gold in July, down from 88.16 tonnes a year ago. In value terms, the country's imports in the month fell 42 per cent to $1.71 bln.
Local gold prices jumped to record high last month tracking gains in overseas market and as Indian Government raised import taxes on the precious metal to 12.5 per cent from 10 per cent earlier.The surprise hike in the import tax and price rise badly affected demand last month.
According to industry members, even in August, imports would be much lower than last year as demand is not improving. As retail demand has dried up, jewellers are placing import orders with banks. India's gold demand is likely to soften in the September quarter as record high local prices curtail buying.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished