War on blood diamond trade loses its lustre in age of digital smuggling

Author: Jon Yeomans - Published 28-02-2018 05:50 - ( Reads)
he diamond industry stands at a crossroads. The Kimberley Process, a scheme designed to certify that diamonds are “conflict-free”, is under pressure to reform. Once regarded as a landmark agreement between industry, governments and NGOs, it has been attacked for widespread shortcomings. Can it restore confidence in the industry and can consumers be sure of what they are buying?

PC Jeweller says it buys diamonds from local market in cash, not via LoUs

Author: unknown - Published 16-02-2018 09:55 - ( Reads)
As its shares got hammered in the aftermath of India's biggest bank fraud, PC Jeweller said the company does not use a letter of credit/letter of undertaking in business transactions and buys all diamonds from local markets on a cash basis only.

Nirav Modi: ED seizes diamonds, jewellery worth Rs 5,100 crore

Author: unknown - Published 16-02-2018 01:37 - ( Reads)
The Enforcement Directorate (ED) conducted searches in multiple properties linked to billionaire jewellery designer Nirav Modi in Mumbai, Delhi and few other cities and seized diamonds, jewellery and gold worth Rs 5,100 crore, agency officials said.

Botswana Diamonds just raised more than $695K to boost exploration

Author: Cecilia Jamasmie - Published 15-02-2018 14:02 - ( Reads)
Shares in Africa-focused Botswana Diamonds (LON:BOD) received a much-needed boost on Wednesday after the miner announced it had has raised £500,000 (about $695,060 at current rates) to fund ongoing exploration in South Africa and Botswana.

Rapaport Weekly Market Comment

Author: unknown - Published 15-02-2018 11:00 - ( Reads)
Polished prices firm, supported by shortage of select fine-cut (3X, no-fluorescence) diamonds. Trading slow as Chinese buyers take vacation during the Lunar New Year. Dealers hoping strong festival jewelry sales will boost diamond demand at Hong Kong show (Feb. 27-Mar. 3). US stable. Rough market busy as cutters raise polished production. Alrosa Jan. sales $499M. Small miners see higher prices at rough tenders. Asian Star 3Q diamond sales +45% to $145M. Israel pledges $284M to guarantee industry bank loans. Israel 2017 polished exports -4% to $4.5B, rough imports -12% to $2.9B. The Rapaport Group wishes all our friends a happy and successful Year of the Dog.

Third-Party Diamond Certification First to Use Advanced Laser Testing to Trace Diamonds from Mine to Market

Author: unknown - Published 15-02-2018 10:24 - ( Reads)
Diamond traceability back to the mine of origin – vital to the international due diligence movement for precious gems and minerals – just took a giant step forward. SCS Global Services, an internationally recognized certification body and standards developer, is pleased to announce that its diamond provenance certification program now incorporates advanced laser testing that can identify the source of any rough

Gold extends gains, silver tops Rs 38,000

Author: unknown - Published 14-02-2018 06:52 - ( Reads)
Rising for the third day in a row, gold prices climbed by another Rs 135 to Rs 30,210 per 10 grams here today, tracking a firm trend overseas and increased buying by local jewellers.

IGI’s decision to certify Traditional Jewellery revamps the face of Indian Jewellery

Author: unknown - Published 14-02-2018 06:04 - ( Reads)
From the amazing bridal jewellery adorned by Aishwarya Rai as she portrayed Jodha Bai in the period cinema, 'Jodhaa Akbar' to the beautiful 'Deepika Padukone' in ‘Padmavat;’ uncut jewellery, more commonly referred to as the 'Jadau' are indeed the vintage dream of an Indian bride. With Bollywood patronizing the style, the demand for this kind of jewellery has increased manifold in the past decade. Inspired by the rich cultural expanse of the Mughal dynasty that reigned the Northern parts of India, Kundan and Polki style jewellery are predominantly manufactured in Jaipur and other parts of North India. Rich and elegant, the design has carved its niche in the conventional Indian wedding trousseau.

Indian jewellery brand sparkles at NYFW ramp

Author: unknown - Published 13-02-2018 12:00 - ( Reads)
Bespoke creations by a 75-year-old Indian jewellery brand dazzled at the New York Fashion Week runway here during designer Bibhu Mohapatra's show.

Gold, silver take a knock in morning session

Author: unknown - Published 09-02-2018 12:24 - ( Reads)
Gold prices moved down in morning trade on Friday as the dollar's lure grew amid worries about reducing liquidity and rising global interest rates.
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