Feb 19, 2015

RBI Eases Restrictions on Gold Imports

The Reserve Bank of India (RBI) yesterday issued a new notification easing some of the earlier restrictions that had been placed on import of gold, particularly indicating that import of gold on a consignment basis by banks will now be permitted. It, however, indicated that all shipments of gold for domestic sale will only be permitted against upfront payments.

Feb 19, 2015

IIDGR Holds Synthetic Detection Seminar at BDB

De Beers’ International Institute of Diamond Grading & Research (IIDGR) held a synthetic detection symposium at Bharat Diamond Bourse presenting recent developments in detection including technology and instruments like the Automated Melee Screening device.

Feb 19, 2015

Mountain Province Diamonds to Undertake C$ 95 mn Rights Offering to Fund Cost Overrun

Mountain Province Diamonds Inc announced yesterday that it is undertaking “a C$ 95 mn rights offering in order to fund a US$75M cost overrun facility, the arrangement of which is a condition precedent to drawdown of the previously announced US$ 370 mn term loan facility”.

Feb 19, 2015

SSEF Inaugurates New Laboratory in Basel; Offers Both Expanded Services and Space

The Swiss Gemmological Institute (SSEF), a gem research, education and grading institution, has inaugurated a state-of-the-art laboratory in Basel, “more than doubling the size of its previous facility and enabling a massive expansion of the services it has provided the gemstone, jewellery and watch industries for more than 40 years,” said the Institute.

Feb 18, 2015

GJEPC to Launch Swasth Ratan: Group Health Insurance Scheme for Employees of Members

The Gem & Jewellery Export Promotion Council will launch a major new CSR initiative on March 1, 2015 – a Group Health Insurance Scheme under which member companies can enrol their employees and employees’ families at very attractive rates. The aim is to cover 50,000 employees within this financial year and gradually ensure that the scheme is extended to the entire workforce across the industry

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