Diamond Producers Association Announces New Diamond E-Learning Program

Author: unknown - Published 22-03-2019 15:38 - (0 Reads)
The Diamond Producers Association (DPA) announces the launch of a new e-learning program for diamonds, “Behind the Brilliance of Diamonds.” Developed to help all US retailers, the hour-long program - split into 3 informative modules – offers educational material and quizzes, going beyond the 4Cs to highlight the intangible value of natural diamonds, billion-year-old treasures of the earth.

Moissanite Coated With Diamond Film Spotted by Lab

Author: Rob Bates - Published 21-03-2019 14:29 - (0 Reads)
A Russian gem lab recently spotted a rough synthetic moissanite coated with a thin diamond film (pictured) and warned that coated simulants could prove “challenging to identify,” according to an article in the winter 2018 edition of the Gemological Institute of America publication Gems & Gemology

Rapaport Weekly Market Comment

Author: unknown - Published 20-03-2019 15:40 - (0 Reads)
Low expectations for Basel show amid weak large-stone demand and fewer diamond, jewelry and watch exhibitors. US stable, with good orders for commercial-quality 0.70 to 1.99 ct., G-J, SI-I2 diamonds. Shortages developing for better qualities as India cuts back production. Rough market quiet, with deep concerns about manufacturing profitability. Alrosa 2018 revenue +9% to $4.6B, profit +15% to $1.4B. De Beers launches $2B Jwaneng mine expansion. India Feb. polished exports -4% to $2.3B, rough imports -18% to $1.4B. CIBJO specifies need to disclose treatments for both natural and lab-grown diamonds and gemstones. Fugitive jeweler Nirav Modi arrested in London.

GJEPC asks banks to adopt its KYC databank to finance diamond trade

Author: Ram Sahgal - Published 19-03-2019 15:36 - (0 Reads)
Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), a nodal trade body sponsored by the commerce ministry, is pursuing banks to adopt its online know your-customer databank of 2,500 exporters as a means to mitigate risk and improve lenders’ perception of the trade rocked by the Rs 13,600-crore Nirav Modi-Mehul Choksi PNB scam. The matter came up at a recent meeting of the SBI-led coordination committee for financing the gem and jewellery trade set up by the commerce ministry, said a GJ ..

De Beers, Botswana to expand world's richest diamond mine

Author: Cecilia Jamasmie - Published 19-03-2019 15:34 - (0 Reads)
Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, have awarded Thiess’ subsidiary CIMIC a $1.2-billion contract to extend the lifespan of their Jwaneng mine.

India’s Polished Exports Fall in February

Author: unknown - Published 19-03-2019 15:31 - (0 Reads)
India’s polished-diamond exports dropped 4% to $2.34 billion in February, as market weakness continued. A slide in the volume of shipments outweighed a higher average price, according to data the Gem & Jewellery Export Promotion Council (GJEPC) released this week. Rough imports also decreased, indicating a slowdown in the manufacturing sector.

Diamond Fields Pink Sells for $17K/ct.

Author: unknown - Published 18-03-2019 15:35 - (0 Reads)
A pink diamond from Namibia’s offshore drilling program fetched $17,000 per carat at a tender in Antwerp.

Gem Diamonds nets $8.8 million for 13.3 carat pink rock

Author: Cecilia Jamasmie - Published 15-03-2019 21:38 - (0 Reads)
Africa-focused Gem Diamonds (LON:GEMD) has sold a 13.33 carat pink diamond recovered at its flagship Letšeng mine in Lesotho last month for $8.8 million.

Leading diamond supplier on the brink of bankruptcy

Author: Ajit Joshi - Published 15-03-2019 21:34 - (0 Reads)
Antwerp-based Eurostar Diamond Traders, one of the largest Traders, one of the largest diamond polishing companies..

Gold prices are expected to trade lower today: Angel Commodities

Author: unknown - Published 15-03-2019 21:31 - (0 Reads)
On Thursday, spot gold declined by 0.99 to close at $1296.0 per ounce whereas Gold on the MCX declined sharply by 1.24 percetn to close at Rs.31808 per 10gms. Dollar gained in yesterday’s trading session as fears of no deal Brexit eased off ahead of a vote to extend the deadline for Britain's exit from the European Union which is scheduled at the end of this month. Trade tension between US & China added the trouble as US President Donald Trump emphasized that he was in no rush to secure a deal with China which raised fresh concerns over possibility of a trade deal between the biggest economies of the world. The officials of both the countries will meet again next month.
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