Diwali Fails to Spark Indian Diamond Demand
The Times of India reported that there has been a 20-percent drop in demand for diamonds this Diwali, with jewelers across India reporting drops of over 50 percent in demand for diamond jewelry....
View ArticleIndia’s October Polished Diamond Exports Up 56 Percent
Rapaport reported that according to the Gem & Jewellery Export Promotion Council, India's October polished diamond exports rose 56 percent from the previous year, to $2.155 billion. That amounts to...
View ArticleDiamond Outlook: Price Stability to Continue in 2014
2013 brought the return of price stability to the diamond market, and analysts and companies believe 2014 will feature more of the same.Continue reading...
View ArticlePolished Diamond Prices Saw 4.5-percent Fall in 2013
Rapaport reported that in December, polished diamond trading saw a jump due to "last-minute holiday demand." However, for the entirety of 2013, polished diamond prices fell on the back of slower...
View ArticleDe Beers Sets Sights on Angola and India
Reuters reported that by the end of the year, De Beers hopes to obtain a concession to explore in Angola. The major diamond miner is also speaking with India about "exploring in some areas in the...
View ArticleIndia, ALROSA Sign MOU to Increase Cooperation
Rapaport reported that India's Gem & Jewellery Export Promotion Council (GJEPC) and Russian diamond producer ALROSA (MCX:ALNU) have signed a memorandum of understanding (MOU). Continue reading...
View ArticleIndia Eases Rough Diamond Import Rules
Mineweb reported yesterday that the Reserve Bank of India has made it easier for diamonds to be imported into the country; essentially, traders and manufacturers are now able to "directly import rough...
View ArticleDe Beers Calls for 4.5-percent Rise in Polished Diamond Demand
Agence France-Presse reported that according to major miner De Beers, global demand for polished diamonds is poised to increase by up to 4.5 percent this year. Gains are expected to come on the back of...
View ArticleIs a Diamond Market Supply Crunch on the Horizon?
Independent diamond industry analyst and consultant Paul Zimnisky gives a great overview of current diamond market supply and demand dynamics. He sees prices for the gems reaching "a new nominal...
View ArticleIndian Diamond Industry on the Lookout for Synthetic Stones
The Economic Times reported that over the past few months, the Mumbai diamond bourse and some dealers of the stones have installed "automated melee screening tool[s]" that separate natural rough...
View ArticleRio Tinto Reiterates Positivity on Indian Diamonds
Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) said at the recent World Diamond Conference that its strategic partnership in India will help put the country on the map in terms of diamond mining.Continue...
View ArticleRio Tinto Interested in Indian Diamonds, Iron
Bloomberg reported that Sam Walsh, CEO of Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO), is pushing India's prime minister to develop the country's first diamond discovery in four decades. Continue reading...
View ArticleSynthetic Diamonds Uncovered in Surat
Rapaport reported that the Surat Diamond Association found 110 synthetic diamonds in a packet owned by two diamond traders operating in the Surat-based Mini Bazaar diamond market.Continue reading...
View ArticleIndian Polished Diamond Exports Up 4.4 Percent in February
Rapaport reported that in February, India's polished diamond exports increased by 4.4 percent from the previous year, hitting $2.298 billion. The data comes from the Gem & Jewellery Export...
View ArticleDiamond Sector to Receive a Boost from India’s Foreign Trade Policy
RAPAPORT reported that the foreign Trade Policy unveiled by the Union Minister of State for the Ministry of Commerce and Industry of India is designed to support services and exports and boost the...
View ArticleIndia Reports Fall in April Polished Diamond Exports
Rapaport reported that India's polished diamond exports sank 11 percent in April from the previous year, to $1.636 billion. The volume of goods exported slipped 5.7 percent, to 2.524 million carats....
View ArticleIndia’s SNZ for Rough Diamond Imports to Begin July 1
RAPAPORT reported that India's gems and jewelry industry has received the government's approval to establish a Special Notified Zone (SNZ) at the Bharat Diamond Bourse (BDB) in Mumbai for the import,...
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