News

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.

Apr 22, 2015

Paul Rowley Calls Upon the Diamond Industry to “Invest in the Future”

Paul Rowley, De Beers’ Executive Vice President of Global Sightholder Sales, speaking on the opening day at the Dubai Diamond Conference, inaugurated on April 21st, exhorted all stakeholders of the diamond industry to focus on “targeted investments” in order to make the most of medium and long term opportunities.

Apr 22, 2015

India’s Overall G&J Exports Remain Flat in FY 2015; Diamonds Down 5%, Jewellery up 18%

Overall exports from the gem and jewellery sector in India remained virtually flat during the financial year that ended on March 31, 2015, declining by a marginal 0.62%, while imports during the same period were only marginally up by 1.29%, reflecting the overall weakness in key markets in many parts of the world, according to figures released by GJEPC.

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