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GEM DIAMONDS WRAPS 2018 WITH A 125-CARAT DIAMOND AT LETSENG

Author: unknown - Published 02-01-2019 12:53 - ( Reads)
Gem Diamonds has announced the recovery of a 125 carat high quality white, Type IIa diamond. The diamond was recovered on December 20 from the Letšeng mine in Lesotho; it is the 15th diamond greater than 100 carats to be recovered in 2018.

Gem, jewellery exporters exempted from 3% IGST

Author: unknown - Published 02-01-2019 12:51 - ( Reads)
In a major relief to the sector, the Union government has accepted the Gem and Jewelry Export Promotion Council’s (GJEPC’s) demand to grant IGST-related exemption on the supply of gold by nominated agencies to exporters of articles of gold.

Rapaport Weekly Market Comment

Author: unknown - Published 27-12-2018 15:57 - ( Reads)
US consumer confidence positive, despite volatile stock markets, government shutdown, and rising interest rates. Holiday jewelry sales +3.7% and overall retail +5.1%, driven by effective omni-channel strategies, according to Mastercard SpendingPulse. Online shopping surges 19% as Amazon sees record season. Diamond market quiet, with Belgium and US dealers closed for the holidays. Industry consolidation accelerates as Eurostar enters administration, Alrosa set to acquire Kristall, and Niru Group incorporates EZ Diamonds’ business for goods below 0.70 ct. US Oct. polished imports +28% to $2.3B. The Rapaport Group wishes everyone a happy, healthy, ‎prosperous and peaceful New Year.‎

The Biggest and Priciest Diamonds of 2018

Author: unknown - Published 27-12-2018 15:50 - ( Reads)
The 910-carat Lesotho Legend, which Gem Diamonds recovered in January, claims
the top spot this year. The D-color, type IIa stone — which the miner says is the fifth-largest gem-quality diamond ever found — sold to Samir Gems for $40 million.

With drop in demand and salary cuts, Surat diamond hub fears 2008 recession repeat

Author: Kamaal Saiyed - Published 26-12-2018 15:55 - ( Reads)
Forty-Three-year-old Dinesh Patel, a diamond polisher in Surat, sold off his car last month, just a month after Diwali. He and his wife are now scouting for an “affordable school” to send their two children from the next academic year.

De Beers, Alrosa Reveal 2019 Sale Schedules

Author: unknown - Published 25-12-2018 15:52 - ( Reads)
De Beers and Alrosa have released the dates of their rough-diamond sales for 2019. Next year, De Beers will not hold a sight in October, replacing it with a sight in August instead. Alrosa sales also include goods from its subsidiaries, Alrosa-Nurba, Severalmaz and Almazy Anabara.

DIAMCOR RAKES IN $1.4 MILLION FROM ROUGH DIAMONDS SOLD IN Q3

Author: unknown - Published 24-12-2018 15:51 - ( Reads)
Diamcor Mining has announced the results of its final tender for 2018, and results from the sale of rough diamonds in the third fiscal quarter (ending December 31, 2018).

Dubai Diamond Exchange joins GJEPC's MyKYCBank platform

Author: Sutanuka Ghosal - Published 20-12-2018 13:45 - ( Reads)
DMCC will be the fourth trade body to join MyKYCBank, following GJEPC, Bharat Diamond Bourse and the Antwerp World Diamond Council.
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