The diamond output of Namibia rose more than double in the second quarter compared to the first,said Paul Hartmann, the Deputy Governor of the Bank of Namibia. However the number of carats mined were not disclosed. According to Bloomberg the output of diamonds declined by 48% compared with the same period an year earlier. Hartmann […]
Author Archives: Dr Shihaan Larif
Diamond studded accessories are becoming popular in the Indian diamond city of Surat. With the grip of the recession loosening leading to prosperity, they want everything in their life to glitter like diamonds. According to the commodity online and the Times of India, you can get diamond studded pen drives, crockery, leather belts, cell phones, […]
The Government of Zimbabwe lost a three year long legal battle with African Consolidated Resources (ACR) Plc , a British registered company for the control of the Marange diamond fields. The High Court ruling which was issued on Thursday is considered to be a landmark ruling. The ruling could have serious implications for the government […]
The world’s third largest mining company, the Rio Tinto Group is to resume work on its expansion plans at the Argyle diamond mine next year. The resumption of the expansion plans follows recovery in the global jewelry demand. According to the Chief Operating Officer, Kevin McLeish, underground production at Argyle, the world’s largest diamond mine […]
About 20 lots of some small diamonds and gemstones are to be auctioned by the U. S. Department of Treasury on September 23rd 2009. VSE Corporation and Rick Levin & Associates, Inc. is to conduct the auction on behalf of the U.S. Department of Treasury. Other participating agencies include U.S Custome and Border Protection, U.S […]
De Beers made the biggest sale this year in August 2009. The sale that amounted to US$ 475 million was the seventh sale this year. According to Bloomberg the total sales of De Beers so far this year is US$ 2.2 billion, this is the lowest in over twenty years. The Diamond Trading Corporation (DTC) […]
Prof GL Peiris handing over the award. The 5th annual business awards of the Sri Lanka- Malaysia Business Council was held on the 11th August 2009 at the Hilton Colombo. Top dignitaries present during the award ceremony include Prof. G. L. Peiris, Minister of Export Development & International Trade,Mr Rosli Ismail, the Malaysian High Commissioner in […]
Gem Diamonds expects a better profit during the second half after posting a 31% fall in the first half pf 2009. The company also noted that they do not expect a dramatic increase in the diamond prices, therefore the company is not expecting to restart mining at any of its closed mines. The closed mines […]
A lecture was delivered by Mr Guy Clutterbuck G.G (GIA) at the auditorium of the National Gem and Jewellery Authority, Sri Lanka on August 17th 2009. Mr Guy Clutterbuck Delivering his Lecture (Click to Enlarge) The main focus of the lecture was Fair Trade and Ethics in the Luxury Goods Market and on the Gem […]
The Managing Director Trade House Ceylon St. Petersburg Russia-Mr.Andrey V.Roudenok’s visit to the National Gem and Jewellery Authority on August 14th 2009. The Meeting with Mr.Andrey V.Roudenok in progress at the National Gem and Jewellery Authority. The Chairman NGJA, Mr Hasitha Tillekeratne presenting a memonto to Mr.Andrey V.Roudenok Representatives from the Trade House Ceylon posing for […]