Author: unknown - Published 19-04-2018 14:56 - ( Reads)
For the first time, blockchain technology would now be used in the trading of diamonds with the Al Kasir Group announcing the launch with three Diamond-backed Blockchain-Assets.

These Blockchain Assets are based on Blockchain Technology and are stored in Digital Wallets that are secured via One Time Password (OTP) verification on registered mobile number and email verification.

Quality, Design and Innovation at Shenzhen Jewellery Fair 2018

Author: unknown - Published 18-04-2018 22:00 - ( Reads)
A fresh look and innovative solutions that speak to customers' needs will greet participants when the China International Gold, Jewellery & Gem Fair - Shenzhen (Shenzhen Jewellery Fair) opens its doors today, 19 April 2018, at the Shenzhen Convention & Exhibition Center.

Rapaport Weekly Market Comment

Author: unknown - Published 18-04-2018 11:00 - ( Reads)
Sentiment mixed as April trading slows. Manufacturers concerned about tight profit after De Beers raised prices average 1% to 2% at $520M sight. Indian liquidity squeezed as banks reexamine diamond loans. Rough prices supported by limited 2Q availability. De Beers increasing supply to southern Africa beneficiation centers. Rising expectations for US demand ahead of Las Vegas shows. Chinese retail improves with solid Lunar New Year season. Chow Tai Fook 4Q sales +13% in China, +11% in Hong Kong & Macau. Rio Tinto 1Q production +11% to 4.6M cts. Rosy Blue buys stake in Leo Schachter.

GIA Opens Synthetics-Testing Center Inside Stuller

Author: Joshua Freedman - Published 18-04-2018 04:30 - ( Reads)
The Gemological Institute of America (GIA) has launched a melee-screening center on the premises of diamond supplier Stuller, enabling the jeweler to verify the natural origin of its stones.

3-Carat Fancy Intense Blue Diamond Fetches $5.3 Million, Sets Record

Author: Anthony DeMarco - Published 18-04-2018 01:24 - ( Reads)
A 3.09-carat rectangular-cut fancy intense blue diamond sold for more than $5.3 million, setting a world record price per carat for an intense blue diamond. The gem, which was set on a platinum ring flanked by tapered baguette-cut diamonds, sold for well above its high estimate of $3 million

De Beers Raises Prices at $520M Sale

Author: Joshua Freedman - Published 17-04-2018 04:37 - ( Reads)
De Beers’ April sight closed with a value of $520 million amid concerns among manufacturers that higher rough prices could affect profit margins.

Russian major to set up diamond base in India

Author: Sutanuka Ghosal - Published 16-04-2018 11:24 - ( Reads)
Russian diamondNSE 0.00 % mining major ALROSA is setting up base in India at a time the gem and jewellery industry is fighting the fallout of the ?13,700-crore Nirav Modi-PNB scam and has drawn up plans to launch its own brand of diamonds on the lines of Rio Tinto’s Nazraana and De Beers Forevermark.

Gitanjali Loses Sightholder Status

Author: Joshua Freedman - Published 16-04-2018 08:46 - ( Reads)
De Beers has terminated the sightholder status of Gitanjali Gems following fraud allegations against the Indian jeweler’s managing director, Mehul Choksi.

Gold slides on weak demand, silver below Rs 40k

Author: unknown - Published 13-04-2018 14:24 - ( Reads)
Gold lost Rs 350 to Rs 31,800 per ten gram today, aligning with a sluggish overseas trend amid fall in local demand.
Silver too fell by Rs 250 to Rs 39,750 per kg due to reduced offtake by industrial units and coin makers.
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