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The recent news that the United Arab Emirates (UAE) will be introducing 5 percent value-added tax (VAT) from January 2018 on both, rough as well as polished diamonds, has stirred and shaken the Indian diamond industry which has close business affiliations with the country.
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the ninth sales cycle of 2017.
A Sierra Leone mining operation discovered a 476-carat rough diamond at the Meya deposit in the nation’s Kono district last week, its owner announced Friday.
ALROSA Group, the world leader in diamond production, announces diamond sales results for October and ten months of 2017.
The Sight dates for 2018 are confirmed as follows:
Alrosa will start assessing its clients’ rough-diamond needs annually rather than every three years, beginning in its next contract period — a move that will give the Russian miner more opportunity to match supply with demand.
Pavel Vinikhin, Director of DIAMONDS ALROSA, the company’s polishing branch, visited Israel on Thursday and sat down with IDEX to discuss the purpose of his visit.
ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division.
ALROSA’s affiliate Almazy Anabara has extracted a large 34.17-carat yellow diamond. It is the largest fancy-colored rough diamond extracted by the Company this year.
The Kimberley process with its 54 member-countries made the statistics on of the rough diamond production and trade open and available for studies by all the countries in the world.
Dubai’s first diamond-manufacturing facility, which officially opened Tuesday, has been tasked with cutting and polishing the world’s most valuable rough diamond.
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the eighth sales cycle of 2017.