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Sarine and GGTL Laboratories have signed a collaboration agreement to research new and advanced approaches to gemological challenges facing the diamond industry. They have signed a collaboration agreement to research new approaches to diamond grading and authentication.
Russia’s Deputy Prime Minister Yury Trutnev has confirmed that Alrosa President Andrey Zharkov will be replaced by Sergey Ivanov, currently the Senior Vice President of Sberbank. He made the comments to the TASS news agency on the sidelines of the Russian Investment Forum in Sochi on Monday.
Diamond Services said it is expanding its synthetic screening service for rough diamonds at its facilities in Hong Kong and New York as evidence continues to mount about a surge in the volume of uncut synthetic diamonds entering the marketplace.
It is more than two months since demonetisation of high-value currency notes in India took effect, but the resilient gems & jewellery industry, though stirred, stands strong and stoic in the face of adversity.
Andrey Zharkov will resign as president of ALROSA, a source close to the Russian diamond miner said. Zharkov’s three-year term as president expires in May 2018, but the timing of his departure is unclear, the source said in an email to Rapaport News on Tuesday.
Profit more than doubled for De Beers last year as trading conditions in the diamond-manufacturing sector improved and inventory levels stabilized.
In February, the International Grown Diamond Association (IGDA) has lived to be exactly one year old. However, there is no much fanfare audible – this modest jubilee has been slipped over by the industry media, regrettably.
The Swiss watch industry started the year where it left off as exports fell in January, albeit at a slower pace than in 2016. Outbound shipments of Swiss timepieces fell 6.2 percent year on year to $1.42 billion (CHF 1.43 billion), according to the Federation of the Swiss Watch Industry.
All last year, the entire diamond industry was riveted to the scandal in the Kimberley Process (KP) – someone feeling indignation, some being puzzled, and some openly sympathizing. It was the first time in the history of the KP that it was declared a boycott by non-governmental organizations (NGOs) within the Civil Society Coalition (CSC).
The diamond trade remains under pressure, and further contraction of the market is expected this year. Apart from being squeezed by high rough costs and declining polished prices, dealers lament there are too many players chasing the same orders.
DPA to run ads during Academy Award Ceremony. Amid the glitz and glamor of the Oscar red carpet, diamonds will also grace our screens during ad breaks
Press release – At the Diamond Empowerment Fund’s annual board meeting held last month, Anna Martin was elected President of the D.E.F. Board of Directors. Martin is Senior Vice President Global Development and Beneficiation for Gemological Institute of America (GIA).