News

Mar 03, 2015

ALROSA Exits LLC MAK-Bank For Further Consolidation To Focus on Diamond Mining

Alrosa yesterday announced that it had sold its 84.66% stake in LLC MAK-Bank to Expobank. The transaction was closed on 26 February after the approval of the Central Bank of Russia.

Mar 03, 2015

Consumers May Hesitate to Deposit Jewellery Under Gold Monetisation Scheme - SBI Research

The chief economic adviser of the Economic Research Department of the State Bank of India, Soumya Kanti Ghosh, has told the media that Indian consumers may be reluctant to monetise gold which is held by them in the form of jewellery. However, those who hold gold in the form of bars or coins may be attracted by the new scheme announced by the Finance Minister in his Budget.

Mar 03, 2015

Rio Tinto Pursues Productivity Improvements, Launches Analytics Excellence Centre in India

Rio Tinto today announced the launch of its first Analytics Excellence Centre. The Centre will mine big data with the goal of significantly enhancing equipment productivity across the company’s global operations.

Mar 02, 2015

GJEPC Chairman Says Budget Good for Economy, Disappointing for G&J Industry

While congratulating the Finance Minister on the overall positive thrust of the Budget presented by the government in Parliament on Feb 28, as it will “get the economy moving on the Make in India growth track”, Vipul Shah, Chairman, GJEPC has expressed disappointment on its failure to address various critical matters related to the industry in a statement released to the media.

Mar 02, 2015

Forevermark: Annual Sales now US$ 750 mn, Retail Network Sees 20% Expansion in 2014

Forevermark has achieved sales at a retail value of around $750 million a year and its retail network now includes 1,542 retail stores across 34 markets, the luxury brand from De Beers said in a statement on its 2014 performance. The brand said that there had been a 20% increase in its retail network during the year.

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