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Gold Prices Slip Today, Silver Rates Also Fall: 10 Things To Know

Author: unknown - Published 14-09-2018 14:57 - ( Reads)
Gold prices fell by Rs. 200 to Rs. 31,400 per 10 gram at the bullion market on Friday, reported news agency Press Trust of India (PTI). The dip in gold prices is due to weak demand from jewellers and retailers even as the metal strengthened overseas. Silver also followed suit and fell by Rs. 250 to Rs. 37,650 per kg due to reduced offtake by industrial units and coin makers. According to analysts, muted demand from local jewellers and retailers at the domestic spot markets mainly kept pressure on the precious metal, but a firm trend overseas capped the fall.

ALROSA Launches the First 'True Colours' Auction of Large Coloured Diamonds

Author: unknown - Published 14-09-2018 14:12 - ( Reads)
ALROSA, the largest diamond mining company in the world, presented the first of its kind collection of large coloured diamonds at the Hong Kong Jewelry & Gem Fair. This is a stepping stone of a new strategy, executed by ALROSA to become the world leader in the production of coloured polished diamonds.

Israel Diamond Exchange Appoints Eran Zini as New Managing Director

Author: unknown - Published 14-09-2018 14:11 - ( Reads)
Zini has a rich background in management positions in business and government. After having served as senior advisor to Israel’s Minister of Justice, he joined Israeli pioneering electric car start-up Better Place, as head of government relations and regulation. He then joined a government company devoted to vocational rehabilitation for people with disabilities as head of operations, and a year later was promoted to Managing Director, a position he held until he was recruited by IDE.

Diamond demand may grow like last year: De Beers

Author: Sutanuka Ghosal - Published 14-09-2018 14:08 - ( Reads)
Global diamond consumption in 2018 may continue to grow like last year provided the US-China trade war and currency fluctuations do not affect consumer spending, a top executive of the world’s leading diamond producer De Beers has said.

Fosun Acquires 80% Stake in IGI

Author: unknown - Published 14-09-2018 14:07 - ( Reads)
Fosun, a Chinese conglomerate, has reportedly agreed to acquire an 80 per cent stake in the International Gemological Institute (IGI). Fosun is keen to bring IGI’s diamond grading expertise to the Chinese market.

De Beers Group Completes Acquisition of Peregrine Diamonds

Author: unknown - Published 14-09-2018 14:05 - ( Reads)
De Beers Group has announced the completion of the previously announced Plan of Arrangement pursuant to which De Beers Canada has acquired all of the outstanding securities of Peregrine Diamonds Ltd (“Peregrine”) at a purchase price of C$0.24 per share, for a total cash consideration of C$107 million. The acquisition includes the high quality Chidliak diamond resource located in Canada’s Nunavut Territory and other properties elsewhere in Nunavut and the Northwest Territories.

'Delhi Jewellery and Gem Fair' Gets Grander in its 7th Edition

Author: unknown - Published 13-09-2018 14:00 - ( Reads)
The Delhi Jewellery and Gem Fair (DJGF), hosted by UBM India, is all set to congregate prime jewellers, import & export merchants and key industry associations in the capital city with its 7th edition. The three day fair from (29th September - 1st October, 2018) to be held at the Pragati Maidan, New Delhi, will showcase some of the newest trends in the gem and jewellery industry. The fair is recognised as an integral part of the jewellery sector by associations, and the industry at large, with support from eminent associations namely The Bullion & Jewellers Association, Delhi Jewellers Association, Maliwara Jewellers Association & Karol Bagh Jewellers Association.

94 Exhibitors to Exhibit at India Pavilion at September HK Jewellery & Gem Fair

Author: unknown - Published 12-09-2018 14:02 - ( Reads)
India Pavilion at the September Hong Kong Jewellery & Gem Fair would be represented by 94 leading Indian manufacturers/exhibitors showcasing their strength and skill in manufacturing world class gems and jewellery. Hong Kong has been the largest export market for the Indian Gem & Jewellery industry, and this platform has provided the requisite opportunity to take its exports further over the years.

Limited Seats Remaining for the Largest Gemological Symposium

Author: unknown - Published 07-09-2018 13:49 - ( Reads)
Even though more than 700 people from 35 countries have already confirmed, there is still time to register for the sixth International Gemological Symposium on Oct. 7-9 at GIA’s world headquarters in Carlsbad, California. Focused on the theme “New Challenges. Creating Opportunities,” the three-day event will showcase the latest research in gemology and related fields by GIA researchers and other leading scientists, and offer a business track lead by professors from the Harvard Business School (HBS). A limited number of registrations are still available at Symposium.GIA.edu.
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