Alrosa reported plans to change the personnel structure of its Mirny mining and processing division in order to control operating costs. The company is in the process of consolidating the plant and…
IN FOCUS
The Covid-19 pandemic has disrupted the brick and mortar business model of Indian gold retailers and has become a catalyst for online channels to boost sales, according to a World Gold Council…
Rio Tinto’s Q2 2020 diamond production declined 5% to 4.23 million carats on a year-on-year basis, but rose 23% compared with Q1 2020. At the Argyle mine in Australia, carat production was…
Alrosa, the world’s biggest diamond producer, said its Q2 2020 diamond production decreased 42% year-on-year to 5.7 million carats, while its H1 production declined 22% to 13.7 million carats, as production was…
Silver Promotion Service (SPS), a sister concern of the Silver Institute, a silver promotion body, announced the results of a US consumer research study showing pent-up demand for jewellery, as well as…
Investors have embraced gold in 2020 as a key portfolio hedging strategy, said the World Gold Council (WGC) in its latest report titled, Gold mid-year outlook 2020: Recovery paths and impact on…
The duty drawback rate on gold has been increased by 15.6% from Rs.372.9 per gm to Rs.431.1 per gm, which will enable exporters to get higher returns on duty and taxes that…
Alrosa reported that its June 2020 rough diamond sales dropped 31% to $24.8 million, from $36.2 million in May 2020. The Russian miner’s total sales for the month, including rough and polished…
In a major relief to the Indian diamond industry, the Central Board of Indirect Taxes And Customs, Ministry of Finance, Department of Revenue, Government of India, at the behest of the Gem…
Alrosa decided to change dates for its trading sessions in July and August after having reviewed the current market situation. The July trading session, initially scheduled for 12th-17th July, will take place…