Rio Tinto Diamond Revenue Drops in 2019

Author: unknown - Published 26-02-2020 13:12
Revenue from Rio Tinto’s diamond division slid 11% to $619 million in 2019 as prices for rough diamonds weakened, the miner reported Wednesday.

India’s Diamond Shipments Decline

Author: unknown - Published 26-02-2020 13:03
India’s polished-diamond exports dropped 6% to $1.65 billion in January, reflecting a lower average price, even as volumes rose. Rough imports also fell, according to data from the country’s Gem & Jewellery Export Promotion Council.

China’s Diamond Trade Weighs Virus Effect

Author: unknown - Published 25-02-2020 13:14
Chinese retail is almost dead, the country’s bourses are quiet, and even importing rough goods has been fraught with obstacles. Diamond dealers expect a release of pent-up demand when the coronavirus goes away, but for now, all they can do is manage a difficult situation.

GJEPC’s 13th IIJS Signature & 7th IGJME Give Head Start to 2020 Buying Season

Author: unknown - Published 25-02-2020 13:10
The 13th edition of IIJS Signature and the 7th edition of India Gem & Jewellery Machinery Expo (IGJME) organized by the Gem & Jewellery Export Promotion Council (GJEPC) gave a head start to the 2020 buying season. The events held from 13-16 February 2020 at the Bombay Exhibition Centre, Goregaon, Mumbai, attracted 15,000+ visitors (12,000 of whom were pre-registered visitors) from over 325 cities and towns pan India and more than 55 countries globally to visit 700+ exhibitors across 1,300 booths, spanning an area of over 45,000 sq. mts. Several new elements such as the Startup Zone (Hall 6), which promoted Emerging Designers & Women Entrepreneurs, and the Crafts Pavilion (to promote artisans and craftsmen) were welcomed by the exhibitors and buyers. GJEPC also concurrently presented the first-ever Business Knowledge Forum, The Artisan Awards and Design Inspirations to provide insight, intelligence and perspectives to members of the industry.

Gold explodes; silver charging higher

Author: Todd 'Bubba' Horwitz - Published 21-02-2020 21:21
The metals continue to charge higher, with gold in a blow-off pattern with parabolic moves on heavy volume. Although we have been bullish for an extended period, the pattern itself suggests a pullback is near. There is no reason to sell here; however, we wouldn’t be chasing gold higher with new money.

Concerns rise over fake gold in Saudi Arabia

Author: FATIMA MUHAMMAD - Published 21-02-2020 21:16
A video posted on Twitter by a member of the Precious Metals Committee explaining the ways some gold manufacturers manipulate weight of gold and diamonds has attracted significant attention in Saudi Arabia, raising the question of the authenticity of gold in the Kingdom.

Sonbhadra Goldmine: What 3000 tons of gold may mean for India

Author: Manoj Kumar - Published 21-02-2020 21:11
Sonbhadra in Uttar Pradesh is in the news as Geology and Mining department has said that a potentially largest gold reserve in the country. Geological Survey of India has cited its prospecting records of last 15 years to say that deposits of about 3000 tons of gold can be found in Sonbhadra goldmines. Gold deposits of such huge quantity are great news for the Indian economy as it will further strengthen the country's gold reserves.

IIJS Signature Successfully Kicks Off 2020 Buying Season at Big Mumbai Event

Author: unknown - Published 19-02-2020 21:17
The Gem & Jewellery Export Promotion Council (GJEPC) presented the global trade with two opportunities to commence the 2020 buying season with the 13th edition of IIJS Signature and the 7th edition of India Gem & Jewellery Machinery Expo (IGJME), held Feb 13-16 at the Bombay Exhibition Centre in Goregaon, Mumbai.

ALROSA sells 6-carat pink diamond to Larry West

Author: unknown - Published 19-02-2020 21:14
Larry West, a New York-based collector of exclusive pink diamonds, welcomed the addition of a 6.21-carat cushion cut Fancy Intense Pink Purple diamond unearthed by ALROSA.
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