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A month after the sudden announcement by the Indian government that it was withdrawing 500 and 1,000 rupee notes as part of a battle against corruption, the shockwaves are still being felt by the country’s diamond industry from the so-called demonetization.
For this latest edition of gem producers from the DPA, we are heading to Africa, more precisely to African mines, to meet the last two “large” junior gem producers that are DPA partners: Lucara Diamond Corporation and Petra Diamonds Limited.
Antwerp–The Antwerp World Diamond Centre and consulting firm Bain & Company have released their sixth annual global diamond jewelry report.
The diamond industry has added several layers of legitimacy this year as more companies are complying with standards set out by banks, regulators and suppliers, even if they’re still burdened with a “high-risk” profile.
Over 20,000 diamond workers employed in small diamond units have been left essentially jobless as their employers have not reopened following the Diwali vacation due to the effects of demonetization.
De Beers said its rough diamond prices fell 5 percent this year even as the diamond market showed signs of a vast improvement.
ALROSA announced plans to bring its auctions of “special-size” rough diamonds to New York and Vladivostok, while presenting its 2017 sales program to its contract clients.
Press Release – PJSC ALROSA, the world leader in diamond mining, has announced the initiation of the procedure to rename its foreign-based trading subsidiaries and affiliates ARCOS.
Rio Tinto’s new chief executive officer said he plans to expand the miner’s diamond mining operations, three years after the company considered selling the business.
The 2017 Presidents Meeting, the biennial gathering of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai from February 5 to 8, 2017.
Christie’s sold $51 million worth of jewelry at its Magnificent Jewels auction in New York on Wednesday, with the event led by a diamond ring that fetched $5.6 million.
The center’s offerings include polished diamond grading services, diamond verification services, and melee testing and screening.