News

Apr 23, 2015

Samsung Signs Strategic Co-operation Pact with Panama’s World Jewelry Hub

Consumer electronics giant Samsung, which has a Panama-based subsidiary that services 24 countries in the region, has entered into a Strategic Co-operation Pact with the World Jewelry Hub (WJH), a centre dedicated to the development of the diamond, coloured gemstone and jewellery sectors across Latin America.

Apr 23, 2015

VOD - The Dawn of a New Era

Scriptingnew collaborations in order to cross untapped frontiers and markets is the key to drive the gem and jewellery business. In a first far-reaching move, Fiera di Vicenza strategically shifted one of its three annual shows held in Vincenzaoro to Dubai.

Apr 22, 2015

Government Takes Steps Towards Establishing National Council for G&J Industry

The Indian government has taken steps towards the formation of a National Council for the gem and jewellery industry in India by convening a meeting of representatives of all the different associations associated with this sector. The meeting was organised by Siddharth, DG, DGS&D (Ministry of Commerce).

Apr 22, 2015

Alrosa Q1 2015 production Up 6% Y-O-Y; Sales to Touch US$ 1.1 billion

Alrosa announced yesterday that its Q1 2015 diamond production totalled 8.4 million carats, registering an increase of 6% y-o-y, or compared to Q1 2014. However, Q1 2015 production was lower by 21% compared to that in Q4 2014 (q-o-q).

Apr 22, 2015

Rio Tinto Reports 14% Rise in Diamond Production in Q1 2015

Rio Tinto has reported a 14% rise in diamond production during the first quarter of 2015 that ended on March 31 compared to the same period a year ago. The company mined 4.155 million carats from its three mines – Argyle (100% owned), Diavik (60% share) and Murowa (its 78% share), as compared to the 3.650 mn cts it produced in Q1 2014. The figure was also 46% higher as compared to the previous quarter i.e. Q4 2014 when the company produced just 2.841 mn cts.

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