Gokhran, Russia’s state repository, is considering selling the stockpile of diamonds it bought from ALROSA during 2009, Bloomberg reported. “We are being asked to begin selling diamonds from the reserve we acquired last year,” Finance Minister Alexei Kudrin told reporters on Saturday. “We are now considering these offers.” Gokhran bought about $1 billion worth [...]
Trans Hex sold $15.7 million (ZAR 114.7 million) worth of diamonds from its South Africa operations in May, reporting that both demand and prices remained strong during the month. The sale achieved an average price of $927 per carat, according to the junior diamond miner. Trans Hex noted that production from its South Africa operations [...]
De Beers sued U.S. retailer Kohl’s Corporation, Brilliant Jewelers/MJJ Inc. and ten unnamed “does” for patent infringement of their Everlon Diamond Knot Collection. Court documents show that De Beers believes there is an uncanny resemblance between its Everlon Diamond Knot Collection, introduced in 2007, and the “Love Knot Collection” sold exclusively at Kohl’s department [...]
The news that a company is being set up in Surat to buy rough diamonds on behalf of Indian manufacturers should sound alarm bells for the rest of the trade. The local press reported this week that a company called Surat Diamond Sourcing India has been established to source diamonds directly from mining firms across the [...]
Anjolee.com is offering its Timeless Dreams Tennis Bracelet today. The bracelet is part of the Diamond Dreams collection and features a classic, four-prong setting and round diamonds. What makes the piece so unique is the nearly invisible prong setting and lack of a gap between the links, creating a look of a seamless strand of [...]
Strong business activity continued during the weekend at the India International Jewellery Show (IIJS) in Mumbai even if buyers were showing some resistance on prices. Most exhibitors that spoke with Rapaport News were satisfied that the show at least met their expectations. “It has been a very good show and the traffic was better than [...]
The RBS SOLITAIRE Design Awards were held at the Grand Ballroom, Grand Hyatt, on 21st August, 2010. Here is the list of winners. Formal Wear Winners SANGAM CHAINS — (FIRST PRIZE FORMAL WEAR) Moksha The gold and onyx ring takes us back to Bodh Gaya during the time when Lord Buddha (depicted here in black [...]
A memorandum of understanding (MoU) was inked between Diamond India Limited (DIL) and the Gems and Jewellery Export Promotion Council ( GJEPC) in Mumbai today on precious metals business. While Directorate General of Foreign Trade (DGFT) had notified sometime ago, both DIL and GJEPC as Nominated Agencies to import precious metals for supply to jewellers, [...]
On a bright and beautiful Sunday, August 22, 2010, all roads are leading to the India International Jewellery Show (IIJS) at NSE Grounds, Goregaon, Mumbai. Though a Sunday, the jewellery fraternity is going full steam ahead and there’s a surge of visitors at all the entrances. It has been a busy Sunday. “We have been [...]
The 27th edition of the India International Jewellery Show (IIJS), organized by the Gems and Jewellery Export Promotion Council (GJEPC), called it a day on a very positive note and lots of optimistic response from the local as well as the international visitors. All the exhibitors present at the show feel that this year’s show [...]