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Suppliers will be asked to account for the origin of as many 0.3 ct. and larger stones as possible. As promised last week, I am taking a more in-depth look at Signet’s Responsible Sourcing Program for Diamonds.
De Beers introduced Forevermark in Hungary, Thailand and South Korea, making its flagship diamond-jewelry brand available in more than 1,700 retail outlets in 38 consumer markets.
The World Federation of Diamond Bourses (WFDB) will launch its Know-Your-Customer (KYC) initiative in May, aimed at increasing transparency in the industry to banks and regulators.
Jewelers, manufacturers, retailers and wholesalers across India have organized a 3-day business closure, in response to the government’s proposed imposition of a 1 percent excise duty levy.
The gem and jewelry sector, which had hoped that the government would cut import duty from 10 percent to percent, faced up to a 1 percent excise duty instead, according to a report in The Economic Times.
Press release – The De Beers Group of Companies today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2016.
Miner keeps prices stable. ALROSA sold about $780 million worth of rough diamonds during its first two sales of the year as rough demand improved, a market source told Rapaport News.
The main themes on the 88th Annual Academy Awards red carpet were diamonds and white metals, mostly platinum – so, it wasn’t just the acting awards that were “white.”
Russian miner ALROSA recently announced a review of its geologic exploration in 2015, and estimated that according to Russian state clarification standards its reserves stood at 1.108 billion carats.
The diamond mining sector is under pressure with production rising to peak levels at a time when rough sales are slumping and polished demand is sluggish.
The results of January sales gave grounds for both optimism and doubts. On the one hand, demand for rough in January significantly exceeded expectations, offering hope for market recovery this year.
Illegal artisanal miners have reportedly invaded Zimbabwe’s controversial Marange diamond fields, according to The Africa Report.