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Gemfields said that the company's earnings for...

2017-07-28T13:47:20.090-07:00

Gemfields said that the company's earnings for the fiscal year ending June 30, 2015, rose to $ 171.4 million, although after-tax profit decreased by $ 4 million - to $ 12.3 million.
The company's profit before taxes, interest, depreciation And depreciation increased to $ 64.4 million.
Gemfields also noted that the 75% owned Kagem Mining company in Zambia produced 30.1 million carats of emeralds and beryl in the reporting period, compared to 20.2 million carats a year earlier.
Gemfields increased production of rubies and corundums in the ruby concession Montepuies (Montepuez) in Mozambique to 8.4 million carats against 6.5 million carats in 2014.
"This was another good year of growth and good performance for Gemfields,
In which we achieved record revenues and achieved or exceeded the production plan at our emerald Kagem mine and the Montepuies ruby mine, "said Gemfields CEO Ian Harebottle. " The demand for colored gems remained strong throughout the year Fiscal year. This was clearly demonstrated by the results of six auctions held during the reporting period. At our auctions, we have achieved a number of record figures at prices per carat

The diamond jewelry company in Hong Kong and Bangk...

2017-07-28T13:47:07.354-07:00

The diamond jewelry company in Hong Kong and Bangkok went bankrupt and defaulted on a $ 54 million payment in favor of the diamonds of Surat and Mumbai, according to the Times of India.
Industry sources in Hong Kong reported that diamond traders could face significant costs due to the fact that the Hong Kong jewelry company went bankrupt.
Meanwhile, the adversity of two other jewelry firms in Bangkok has added to the diamantaires of anxiety.
According to sources, the procurement manager of a large company from Bangkok was arrested after a few days ago a number of Indian suppliers filed a lawsuit against his company, owed $ 1.5 million.
Dinesh Navadia, The regional chairman of India's Gem & Jewelery Export Promotion Council (GJEPC) in Surat, said: "We get data from Hong Kong and Bangkok about the bankruptcy of diamond companies, which is bad news for diamond exporters from Surat and Mumbai ".
India exports $ 28 billion worth of diamonds each year, of which about $ 9.5 billion account for Hong Kong. Due to the economic downturn in the Chinese economy, many jewelry companies in China have declared default on bank loans, and a number of companies in Hong Kong and Bangkok face financial difficulties.

Chairman of the state Angolan diamond company Endi...

2017-07-28T13:46:56.471-07:00

Chairman of the state Angolan diamond company Endiama Carlos Sumbula (Carlos Sumbula) noted that poor marketing of precious stones is the cause of weak demand in the diamond trade.
Meanwhile, analysts believe that the weakening of the diamond market since the end of last year was due to a reduction in liquidity, a strengthening of the US dollar and a weakening of the growth of the Chinese economy.
Angop quotes Sumbula's words, which he told several members of the British Parliament during their visit to the mining company Catoca (Sociedade Mineira da Catoca), that diamond mining companies should modernize their marketing campaigns.
Catoca owns the largest diamond mine in Angola, which is also the fourth largest kimberlite in the world.
Endiama and Russian ALROSA own 32.8% of Catoca. Among other shareholders of the diamond company are Odebrecht and LLI Holdings.
Sumbula also said that there are plans to launch a Luaxe diamond project, which requires an investment of $ 1 billion.
After commissioning the project, 10 million carats of diamonds will be produced annually.
"We have formed teams in Angola and Russia that are working to meet the requirements of the Government of Angola regarding the commissioning of this major project that has changed the global network of kimberlite deposits," he concluded.

Imports of polished diamonds in the US in August i...

2017-07-28T13:46:42.649-07:00

Imports of polished diamonds in the US in August increased by 3.9% compared to the same period last year, to $ 1.62 billion, the portal Rapaport reports. The average price of polished diamonds increased by 5.3% to $ 1,861 per carat, according to the US Department of Commerce on October 6.
The polished exports fell 16% to $ 1.34 billion, which led to an excess of $ 281.6 million against a deficit of $ 33 million in August 2014.
Import of diamonds more than doubled in August 2015, to $ 43 million, and exports of rough stones increased by 16%, to 31.7 million. Thus, the net import of diamonds was $ 11.3 million compared to $ 7.8 million last year. The net balance of diamond trade showed that the volume of imports surpassed the volume of exports by $ 292 million compared to last year's deficit of $ 41.7 million.

Sunland Minerals, a joint venture between Botswana...

2017-07-28T13:46:29.091-07:00

Sunland Minerals, a joint venture between Botswana Diamonds and ALROSA, received a new license for geological exploration under the number PL260 / 2015 from the official Gaborone.
The new license covers a plot of 25 square meters. Km in the area of Orapa (Orapa) and is valid for three years, representatives of Botswana Diamonds said in a statement sent to Rough & Polished.
The company also noted that the PL260 / 2015 license also covers the territory that is a priority for the joint venture.
The license area contains three previously discovered kimberlite bodies - AK21, AK22 and AK23.
"As the geologists of the joint venture are exploring the territory, we immediately started evaluating the block to determine new anomalies and drilling targets," the company said in a statement.
"Current kimberlites are also considered in this work to ensure that they require further evaluation." Sunland recently announced the completion of a three-well drilling program on the PL 210 licensed block, also located in Orapa,
two of which crossed the anomaly.

Hong Kong's Chow Tai Fook Jewelery Group Ltd r...

2017-07-28T13:46:16.304-07:00

Hong Kong's Chow Tai Fook Jewelery Group Ltd reported a 4% increase in sales in July-September 2015 compared to the same period last year. The increase in demand for the company's products is explained by the high demand for gold, as the prices for this metal fell in July this year.
According to the company, sales figures in China were the strongest, growing by 9%, and comparable sales increased by 6%. At the same time, in Hong Kong and Macau sales in the second quarter and comparable sales fell by 5% and 11%, respectively.
Comparable sales of gold products in China grew by 22%, and in Hong Kong and Macau - by 4%. Total sales of gold jewelry rose by 13%.
Gold products accounted for 57% of total retail sales of Chow Tai Fook during the quarter. The growth of this indicator was 8% compared to the same period last year.
Jewelry with precious stones accounted for 26% of total retail sales.
Chow Tai Fook noted that during the reporting period the company opened 16 new outlets, including 14 stores in China, and two in Hong Kong and Macao and other markets. Thus, the total number of points of sale of the company on September 30 was 2,286.

Kimberley Diamonds, which owns the Lerala mine in ...

2017-07-28T13:45:46.351-07:00

Kimberley Diamonds, which owns the Lerala mine in Botswana, received a loan of 3 million Australian dollars from the Chinese Zhejiang Huitong Auction.
The statement of the diamond mining company states that the funds will be used to repair and re-commission the mine, as well as to finance the company's current operating expenses.
The Chinese company has already provided Kimberley with a total amount of 13 million Australian dollars over the existing credit line, the statement said.
The extraction of diamonds at the Lerala mine is expected to begin in February next year.
Once the mine is put into production capacity, it will process 1.4 million tonnes of ore per year and produce an average of 357,000 carats of diamonds a year.
The life of the mine is seven years.
Kimberley, who was recently suspended from operations in Australia, reported that the repair and re-commissioning of the Lerala mine is proceeding at a good pace.
The company was informed of the completion of the geotechnical assessment of the mines for early development.
Also, the initial recommendations on the angles of inclination of the quarry walls and the configuration of the height of the ledge were made.
These data, according to the company, will be used in the updated layout and optimization plan for the mine.

government of India will launch two schemes relate...

2017-07-28T13:45:34.499-07:00

government of India will launch two schemes related to the gold trade - a scheme for the monetization of gold and gold bonds. Secretary of the Ministry of Economy of India Shaktikanta Das noted: "There are two schemes - monetization of gold and gold bonds, we are working on the details of the schemes." We have already met with representatives of the Reserve Bank of India, both schemes will be launched in November. "
Das also said that the government will very soon issue gold coins with the Ashok Chakra symbol, which will also help curb the demand for imported gold coins. "The Indian Metals and Minerals Trading Corporation (MMTC) has already taken all the necessary steps and the launch date for coins will be announced soon," he added.
Under the scheme of monetization of gold, gold in any form can be put on a bank deposit for a period of 1-15 years. Such gold will bring the owner interest income, while its withdrawal will be made at the prevailing value at the end of the deposit period.
Sovereign gold bonds will be of interest mainly to investors in gold. These bonds with a face value of 5, 10, 50 and 100 grams of gold will be issued for a period of 5-7 years, and interest rates on them will be calculated according to the value of gold at the time of buying the bonds.
At the same time, a limit of 500 grams will be imposed on gold, which an individual can purchase annually. These bonds will be offered to individuals and legal entities of India and will be traded on the exchange so that investors can withdraw their funds at any time. Expected, That the government of India will receive $ 2.3 billion from the scheme of selling gold bonds in the current financial year.

Botswana, which is currently facing a negative eff...

2017-07-28T13:45:21.186-07:00

Botswana, which is currently facing a negative effect from falling diamond prices, plans to use part of its foreign exchange reserves, whose reserves in the country reach $ 8.5 billion, to stimulate the economy, sources say.
Diamonds account for about 75% of the foreign exchange earnings of the South African country and 30% of GDP.
However, since the end of 2014, diamond prices have declined due to a decrease in lending to the diamond industry, due to the strengthening of the US dollar and the slowdown in the growth of China's economy. These factors have had a negative impact on the economy of Botswana.

At a special meeting with representatives of 27 Ex...

2017-07-28T13:45:09.374-07:00

At a special meeting with representatives of 27 Export Promotion Councils, held on October 7, the secretary of the Ministry of Trade and Industry of India, Rita A. Teaotsia, reported on measures to support various industries and promised to consider initiatives proposed during the meeting, the portal informs. gjepc.org
Tiousha also said that the Indian authorities have decided to increase subsidies for export initiatives in the current fiscal year from $ 2.7 billion to $ 3.2 billion. probably, this amount will start to stand out on export promotion from next Gödel.
She also noted that the proposals of the members of the Councils for export promotion will take the final form, after which the government will take special steps to facilitate exports.
Praveenshankar Pandya (Praveenshankar Pandya) represented the Gem & Jewelery Export Promotion Council (GJEPC) at the meeting. He talked about the reasons for the slowdown in the exports of precious stones and jewelry from India and highlighted the measures that can help in this situation. Among the proposals of GJEPC, voiced at the meeting - the introduction of fixed taxation for the diamond sector; Signing of agreements on free trade with countries with high import duties; Incorporation of the jewelery and jewelry industry into the interest rate subsidy scheme; Prompt settlement of tax issues in connection with the organization of the Special Customs Zone in Mumbai; Division of categories of natural and laboratory-grown diamonds at the level of standards; Ensuring the availability of duty-free gold trade by specially designated organizations for small and medium-sized jewelry exporters; Creation of a unified system of permits for all special customs zones; The organization of negotiations on the return of the US Generalized System of Preferences for the Indian jewelry sector; The introduction of the Ice Gate system in ports and special customs zones, due to which the volume of document circulation will be reduced, and others.

"We at the World Diamond Council have only on...

2017-07-28T13:42:38.434-07:00

"We at the World Diamond Council have only one goal - not to allow conflict diamonds to penetrate into the main commodity flow. We need to protect consumers' faith in our natural diamonds, "said Edward Asscher, president of the World Diamond Council in his speech, adding that consumers expect diamonds to be clean and sold under legitimate trade. "Any modern company or organization strives to move in this direction. WDC should also develop further, - he continued and urged WDC members to contribute and help also the development of the Kimberley Process.
Alexei Moiseev, Deputy Minister of Finance of the Russian Federation, responding to journalists' questions, noted the importance of holding a WDC meeting in Moscow, given that recently thanks to the efforts of both the company and the government, ALROSA has become the largest producer of rough diamonds in the world. "We believe that we can and should play a key role in regulating the diamond and diamond market around the world, including in eliminating the so-called" conflict "diamonds that are used to finance the overthrow of legitimate governments," he said. . Answering journalists' questions, he noted the importance of holding a WDC meeting in Moscow taking into account the fact that recently thanks to the efforts of both the company and the government, ALROSA has become the largest producer of rough diamonds in the world. "We believe that we can and should play a key role in regulating the diamond and diamond market around the world, including in eliminating the so-called" conflict "diamonds that are used to finance the overthrow of legitimate governments," he said. . Answering journalists' questions, he noted the importance of holding a WDC meeting in Moscow, taking into account the fact that recently thanks to the efforts of both the company and the government, ALROSA has become the largest producer of rough diamonds in the world. "We believe that we can and should play a key role in regulating the diamond and diamond market around the world, including in eliminating the so-called" conflict "diamonds that are used to finance the overthrow of legitimate governments," he said.

The annual meeting of representatives of the World...

2017-07-28T13:42:25.382-07:00

The annual meeting of representatives of the World Diamond Council (WDC) took place on October 12-13 in Moscow with the support of ALROSA.
WDC represents the interests of diamond and diamond market participants - companies and industry organizations - in the Kimberley Process (KP). The Council traditionally organizes annual meetings to discuss and form a unified position of the industry on topical issues of the work of the KP.
WDC members approved a strategic work plan for the next two years - in particular, interaction with the KP on the elimination of "conflict" diamonds from international trade. Work will also continue on improving and fulfilling the requirements of regulatory and voluntary systems for controlling diamond trade. Much attention was paid to discussing issues of increasing transparency, Responsible business management, strengthening the reputation of the global diamond and diamond market.
In addition, during the meeting, elections were held for the Vice-President of WDC, which, in accordance with the organization's charter, will become the president of the Council in 2016. ALROSA Vice-President Andrey Polyakov was elected to this position.
"ALROSA has been a member of WDC since its inception in 2000, and it is a great honor for us to host a meeting of the Council's representatives in Moscow. The World Diamond Council made a significant contribution to the development of international trade in diamonds and the transparency of this market. Today, WDC forms the position of the entire industry in the framework of interaction with the Kimberley Process. This provides all participants with a unique opportunity to jointly discuss ways of further development and find new forms of cooperation, Protect and maintain an impeccable reputation for the industry and product. I am confident that a constructive dialogue and fruitful cooperation will enable all of us to ensure a brilliant future for our market, "ALROSA President Andrei Zharkov said addressing the meeting participants.

According to the report of LVMH Moët Hennessy Loui...

2017-07-28T13:42:13.281-07:00

According to the report of LVMH Moët Hennessy Louis Vuitton, the data from which the Rapaport portal cites, the company's revenues increased to $ 28.8 billion in the first nine months of 2015, while sales of watches and jewelry grew by 22%.
Jewelry and watch sales were $ 2.7 billion in the first nine months of the year, an increase of 22% over the previous year. These sectors showed the strongest growth among all types of business LVMH. Following them are alcohol sales and selective retail trade, which increased by 19% during the reporting period.
The second quarter was the strongest of the three quarters of 2015 in terms of growth of the jewelry and watch divisions of the company, an increase of 13% compared to the second quarter of 2014, to $ 942.7 million.
Quarterly revenues of the sectors in the first quarter increased by 7% to $ 822 million, and in the third quarter - by 11%, to $ 968 million. Meanwhile, the division of the company selling jewelery and premium products Bulgari "showed particularly good results, showing growth in all categories Products in all regions of the world. " The watch brand Hublot grew at a high rate and with the opening of the second plant in Switzerland increased its production capacity. It was also reported that TAG Heuer continued to develop one of the key projects to create smart watches, over which it works together with Google and Intel, and which will be released in November.
LVMH was informed that the company will continue the strategy focused on "innovation and targeted geographic expansion in the most promising markets," and, That the company will "rely on the strength of its brands and the talents of its employees to further expand its global leadership in the premium product market in 2015."

DiamondCorp reported that the company successfully...

2017-07-28T13:42:00.013-07:00

DiamondCorp reported that the company successfully installed an underground conveyor system with a capacity of 400 tons of rock per hour as part of the first production level at the Lace mine in South Africa.
The statement of the company, directed by Rough & Polished, says that the commissioning of the conveyor is in progress at the moment.
The company plans to put the conveyor in operation by the end of this month.
The new conveyor will replace dump trucks for transporting the future kimberlite and waste rock at the Lace mine. Due to this, the cost of mining one ton of rock will decrease.
DiamondCorp CEO Paul Loudon said that the installation of conveyor belts before the increase in diamond production on the Upper K4 block (UK4) is "significant" A milestone in the construction of the mine.
The company said that, while UK4 production continues, the conveyor belt will gradually expand to the first level of the unit in the mine.
"Waste from the development of the lower levels of the mine will be directly loaded into the conveyor by underground loaders without using dump trucks," the company noted.
"The production capacity of the conveyor at the moment is twice the capacity of the processing plant, so that future opportunities for increasing production will not be limited to the possibilities of transporting ore to the surface."
Meanwhile, DiamondCorp has suspended the sale of a consignment of diamonds weighing 4250 carats due to lower prices for stones in the world market for a shipment of diamonds weighing less than 10,000 carats. Besides, The extraction of diamonds on the UK4 block is slowed down due to the lower mine development rates.
"The management decided to wait until the company could accumulate more diamonds before the sale," DiamondCorp said in a statement.

The Indian Bullion and Jewelers Association (IBJA)...

2017-07-28T13:41:44.539-07:00

The Indian Bullion and Jewelers Association (IBJA) is preparing to hold the third under the Indian International Bullion Summit (IIBS). The summit, which takes place on December 1, 2015 at the Sahara Star Hotel in Mumbai, aims to improve awareness of the problems associated with the jewelery and jewelry industry in India, according to Art of Jewelery.
Commenting on the launch of the third summit, Mohit Kamboj, president, IBJA, said: "The IBJA celebrates its 67th anniversary this year, and in honor of this launches the third under the Indian International Gold Summit, To raise awareness of the problems not only for members of our industry, but for the whole society.
The summit will create a good platform for the industry and will keep abreast of the latest developments and opportunities in mining, banking, insurance, logistics, etc. related to gold and the jewelry industry. "" IIBS will also be a good platform to send its proposals And complaints to various regulatory authorities of the country. This event will bring together a group of various experts and prominent representatives of trade not only from India, but from around the world. Prominent industry figures will consider the main issues associated with the current state of the gold industry and trade, "added Cambodge."

Lucapa Diamonds reported that in the auction of th...

2017-07-28T13:41:33.131-07:00

Lucapa Diamonds reported that in the auction of the sixth consignment of diamonds from the Lulo concession in Angola, it received 5.1 million Australian dollars.
A statement for the company's shareholders said that in total, Lucapa managed to sell 1,621 carats of diamonds at an average price of A $ 3132 per carat.
This indicator, as noted in the company, was achieved despite the current weakening of the global diamond market.
"The excellent average prices per carat we managed to earn for our diamonds significantly increases the value and planned revenues for every cubic meter of alluvial gravel extracted from Lulo," said Lucapa CEO Stephen Wetherall.

The annual meeting on the mining industry and infr...

2017-07-28T13:41:19.468-07:00

The annual meeting on the mining industry and infrastructure of Zimbabwe began on Wednesday in the capital of the country, the city of Harare.
The two-day meeting will end on Friday at one of the best golf clubs in Harare, where delegates are expected to be able to conclude deals before leaving.
Participants of the congress will discuss beneficiation, financing, as well as problems facing the industry.
It is also expected that the official Harare will report on changes in the policy and strategy of the mining sector in the country, and will tell the delegates about the updated provisions of the Act on Mineral Resources and Mines of Zimbabwe.
Utho Capital, the organizers of the meeting, noted that mining, infrastructure and financing "are an integral part of the success of any economy,
Which is based on a raw material development model. "The organizers also said that the meeting will present" significant "and modern opportunities for various organizations and individuals
, and it will allow delegates to determine the possibilities of mining in Zimbabwe and be aware of developments in the mining industry of this country. countries.
it is expected that the Minister of Mines of Zimbabwe Chidakva Walter (Walter Chidhakwa) on Wednesday will deliver a speech at the meeting.
The mining industry is one of the leading sources of receipt of the shaft yutnyh means coffers in Zimbabwe.
Zimbabwe is the leading producer of platinum, and has deposits of chromium, gold and diamond, as well as other minerals and metals.
However, this country, Like many other African nations, faced a shortage of electricity, which recently forced the government to encourage mining companies to cut their electricity consumption by 25%.

Lucapa Diamonds reported that in the auction of th...

2017-07-28T13:41:04.830-07:00

The World Diamond Council (WDC) made a statement i...

2017-07-28T13:40:52.532-07:00

The World Diamond Council (WDC) made a statement in response to the recently published Amnesty International report on the diamond industry in general and the problems in the Central African Republic (CAR) in particular.
In its statement, WDC acknowledges that much remains to be done when it comes to managing the global diamond supply chain. "Nevertheless, Amnesty International in its report ignores the accurate and conscientious efforts that are being made in the CAR," the WDC said.
"Interim measures regarding the future export of diamonds from the CARs and the zone from which the stones will be supplied have been approved by the Kimberley Process (KP)," the Council added.
WDC invited Amnesty International, Which was once a member of the Civil Society Coalition of the KP Certification Scheme, again take part in this organization.
"We will continue to encourage industry, governments, the UN and non-governmental organizations to work together to improve KP and international monitoring of the diamond mining process," the Council noted.
The Council also stated that it is committed to the proliferation of conflict-free diamonds.
"We welcome the recommendations contained in the Amnesty International report and work together with the industry, providing full support for the trade in conflict-free diamonds. In addition, governments must establish their own control in producing areas and along their borders to prevent smuggling," concluded WDC.

The annual meeting on the mining industry and infr...

2017-07-28T13:40:40.529-07:00

Smuggling gold into India from many countries is n...

2017-07-28T13:38:27.203-07:00

Smuggling gold into India from many countries is not a new phenomenon, but most of the gold is illegally imported into this country from Dubai and Singapore due to the difference in prices for this metal, the Economic Times reported citing an unnamed source in the Office of Control Collection of taxes (Directorate of Revenue Intelligence, DRI) of India.
Recently, DRI has seized several kilograms of gold in southern India. Smugglers or couriers pretend to be ordinary citizens to avoid inspection, the source said.
"Dubai and Singapore are the main centers of gold supplies, and most travelers come to southern India on planes, while most of the Sri Lankan gold is imported by sea," he added.
The growth of gold smuggling was mainly due to the increase in import duties and restrictions on gold purchases, which made the illegal method of obtaining precious metal attractive for buyers. "The increase in duties on imports of gold to 10% through legal channels of supply and restrictions on purchases of gold made gold smuggling an attractive alternative, which is why its growth occurred," the source said.
The difference in exchange rates and in import duties in different countries makes gold one of the favorite precious metals for smuggling.

The World Diamond Mark Foundation (WDMF) is curren...

2017-07-28T13:00:45.576-07:00

The World Diamond Mark Foundation (WDMF) is currently coordinating the creation of the World Diamond Museum, which will be submitted to the public at the end of 2015.
The Fund interacts with the largest museums and collectors, and also searches for the greatest possible number of participants in the diamond community, representatives of the precious stones and jewelry industry, so that they can use their knowledge and experience in creating this grandiose project.
Alex Popov, chairman of the WDMF, said: "Why not return the diamonds to where they belong - in the art world?" In order not to be unfounded,
I invite everyone to join me and my colleagues in WDMF and take part in the project of creating the World Diamond Museum, which is currently being worked on by leading world leaders and designers. " Recently, WDMF signed a cooperation agreement with the Museum of Named Diamonds (Museum of Named Diamonds, MoND.) This initiative aims to return the diamonds to that special place in the dreams and thoughts of the consumers they
deserve.As one of the points of preparation for the opening of the World Diamond Museum, WDMF will support diamond Th exhibition in Dubai in 2016. Fedor Lisova, Rough & Polished, Moscow Recently, WDMF signed a cooperation agreement with the Museum of Named Diamonds (MoND). This initiative is aimed at returning to diamonds that special place in the dreams and thoughts of consumers that they deserve. As one of the preparations for the opening of the World Diamond Museum, WDMF will support diamond exhibitions in Dubai in 2016.

According to the Antwerp World Diamond Center (AWD...

2017-07-28T12:59:33.469-07:00

According to the Antwerp World Diamond Center (AWDC), polished diamond exports from Belgium in September fell 12% year-on-year to $ 1.39 billion. By volume, exports decreased 14% to 610,853 carats, and the average The price of stones increased by 2%, to $ 2193 per carat.
The total import of diamonds to Belgium also fell in September by 12%, to $ 1.34 billion, while their net exports, representing exports, less imports, fell 4% to $ 47.6 million. Belgian polished exports to the United States fell by 8 %, While exports to Hong Kong decreased by 1%, while exports to Switzerland decreased by 4%. These countries are the main trading partners of Belgium.
Belgian imports of rough diamonds fell by 35% to $ 870.4 million, while diamond exports fell 38% to $ 884.5 million. Net imports of raw materials,
Representing an import minus exports, increased by 81%, to a deficit of $ 14.06 million. The balance of trade in Belgium with diamonds and diamonds, which is the difference between total imports and exports of diamonds and diamonds, decreased by 51%, which led to a reduction in the deficit To $ 61.7 million.
During the first nine months of the year, Belgian polished exports fell 7% to $ 10.22 billion, while their imports fell by 6% to $ 10.18 billion. Imports of raw materials decreased by 25% to $ 8.61 billion, and its exports fell by 27% to $ 8.74 billion.
The balance of the Belgian diamond th trade since the beginning of the year has changed from a deficit of $ 10.27 billion to a surplus of $ 167.11 million. The balance of Belgium's trade in diamonds and diamonds, which is the difference between total imports and exports of diamonds and diamonds, declined by 51%, which reduced the deficit to $ 61.7 million. During the first nine months of the year, Belgium's polished exports fell 7% , To $ 10.22 billion, while their imports fell by 6%, to $ 10.18 billion. Imports of raw materials decreased by 25%, to $ 8.61 billion, and its exports fell by 27% to $ 8.74 billion . The balance of the Belgian diamond trade since the beginning of the year has changed from a deficit of $ 10.27 billion to pro ita in the amount of $ 167.11 million. The balance of Belgium's trade in diamonds and diamonds, which is the difference between total imports and exports of diamonds and diamonds, declined by 51%, which reduced the deficit to $ 61.7 million. During the first nine months of the year, Belgium's polished exports fell 7% , To $ 10.22 billion, while their imports fell by 6%, to $ 10.18 billion. Imports of raw materials decreased by 25%, to $ 8.61 billion, while its exports fell by 27%, to $ 8.74 billion . The balance of the Belgian diamond trade since the beginning of the year has changed from a deficit of $ 10.27 billion to pro ita in the amount of $ 167.11 million.

The Chamber of Mines of Zimbabwe reported that a d...

2017-07-28T12:59:10.492-07:00

The Chamber of Mines of Zimbabwe reported that a decrease in the volume of diamond mining in the country could negatively affect the revenues from the export of minerals.
President of the Chamber of Mines, Toi Muganyi, reported at a meeting on mining issues, which is currently taking place in Harare, the capital of Zimbabwe, that 2,241 million carats of diamonds were mined in this African country in January-August.
It is expected that in 2015 the extraction of stones will be 3.36 million carats, he added.
According to figures released by the Kimberley Process (KP), diamond mining in Zimbabwe fell by 56% to $ 238.6 million in 2014, and the volume of mined stones to 4.771 million carats.
Muganji said that gold, Platinum diamonds and diamonds bring Zimbabwe more than 80% of revenues from the sale of minerals.
Therefore, he notes, the decline in diamond production, which peaked in 2012, will have a significant impact on the total revenues from the sale of minerals.
Harare reports that diamonds in the Marange region, the country's largest alluvial diamond reserves, are nearing the end, and diamond mining companies are planning to start mining precious stones from conglomerate deposits, which, however, will only be possible with high investment and technological capabilities.

The first auction of diamonds of the newly establi...

2017-07-28T12:58:56.275-07:00

The first auction of diamonds of the newly established Indian Diamond Trading Center (IDTC) in the Special Customs Zone of the Indian Diamond Exchange (Bharat Diamond Bourse, BDB) will be held from November 21 to 25, 2015, the media reported.
At 4,000 square meters. Meters of a special zone equipped in accordance with world standards, small and medium-sized companies of the Gem and Jewelery Export Promotion Council (GJEPC) and BDB can easily purchase diamonds directly from manufacturers.
Annually, diamonds are imported to India by about $ 16 billion. Although 70% of rough stones are supplied by mining companies, the rest is purchased in the diamond markets of Antwerp and Dubai.
Participants in the auctions will be selected directly by the diamond mining companies themselves.