News

Feb 03, 2015

Murowa Mine Under Threat of Closure Due to Zimbabwe Taxation Laws

Rio Tinto’s Murowa Mine, located near Zvishavane in south-central Zimbabwe, is a relatively young mine which started production in 2004 and has since produced and sold one million carats of diamonds in the international market (with 10% reserved for Zimbabwe’s domestic diamond manufacturing industry). Its current capability, says Rio Tinto is “of around 400,000 carats per annum of large, predominantly white, gem-quality diamonds”. However, after little over a decade of operations, the management of the mine is considering closure of the mine. The owner of the mine, Murowa Diamonds Private Limited, has been waging what seems to be a losing battle with the Zimbabwe government to ease its tax burdens.

Feb 03, 2015

Gemological Science International Joins In To Promote Dubai Shopping Festival 2015

The Dubai Shopping Festival 2015 which ran through from January 1 to February 1, 2015 this year received the support of Gemological Science International (GSI). The Laboratory joined hands and worked closely with the World Diamond Mark Foundation (WDMF) and the Dubai Gold and Jewellery Group (DGJG) to promote the Dubai Shopping Festival (DSF).

Feb 03, 2015

Antwerp’s 2014 Polished Exports Up 4% in Value but Drop 5% in Volume

Antwerp exported 6.4 million carats polished in 2014, which was 5% less in volume terms as compared to 2013, but the exports were valued at US$ 14.4 billion, which was a rise of 4% when compared to a year earlier, according to figures released by Antwerp World Diamond Centre (AWDC).

Feb 03, 2015

Panama Diamond Exchange To Open on April 27 with Latin American Diamond & Jewelry Week

Panama Diamond Exchange will celebrate its opening on April 27-30, 2015 and will mark the occasion with the Latin America Diamond & Jewelry Week being co-hostedby key Latin American jewellery associations, Cámara de Joyería Jalisco from Mexico and Instituto Brasileiro de Gemas e Metais Preciosos (IBGM) from Brazil.

Feb 03, 2015

Paragon Diamonds Secures US$ 12 mn Funding for Lemphane Mine Project

Paragon Diamonds has announced that it has signed a binding Memorandum of Understanding with Dubai-based International Triangle General Trading LLC for a US$ 12 mn equity and debt finance package that will be utilised for the Stage 1 production at Paragon’s 80%-owned Lemphane Kimberlite Pipe Project in Lesotho.

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