Author Archives: Dr Shihaan Larif

Inauguration of the International Diamond Board

The formation of the new diamond promoting organization “The International Diamond Board” has been announced. According to JCK online this was made public by a press release distribution by the mining group “Rio Tinto”. The formation of the International Diamond Board was recommended by an industry working group that originated from the St Petersburg forum […]

Human Rights Abuse By The Zimbabwe Military In The Diamond Fields

The head of the investigating team from the Kimberly Process Certification Scheme which monitors blood diamonds, Mr Kpandel Fayia has accused the Zimbabwe military for gross human rights violations. According to the financial gazette Zimbabwe, an interim report accused the government as well as the military for the violations. The team also said that the […]

First Diamond Boiling Facility In The Middle East

The Dubai Diamond Exchange (DDE) has set up a state of the art diamond boiling facility in the Almas Tower. Boiling of diamonds removes dirt and other trace materials from rough and polished gemstones. Boiling is very useful especially when large quantities of diamonds have to be cleaned. The Executive Chairman of the DMCC, Ahmed […]

Gitanjali Trusts The Indian Market, Acquires Another Retailer

Gitanjali, the Mumbai based jewelry firm has acquired a 70% stake in the mobile retail chain Mobile NXT Teleservices Pvt Ltd a Bangalore based firm. The purchase was made by Gitanjali Lifestyle Ltd a subsidiary of the Gitanjali Group. Gitanjali is a Diamond Trading Company (DTC) sightholder. MobileNXT will be re-branded ‘Hoop’ and additional items […]

Russia’s Gokhran To Buy $384M Diamonds From Alrosa

Russia’s Gokhran, the state owned Precious Metals and Gemstone Repository bought US$384 million (12 billion Ruble) worth of rough diamond from Alrosa according to interfax. The amount is also said to include $118 million of diamonds that Gokhran agreed to buy annually from Alrosa since from 2008 up to 2010. Due to the global economic […]

First Ever World Federation of Diamond Bourses Summit In Asia

The World Federation of Diamond Bourses (WFDB) held its first ever Asia Summit Meeting on June 29 in Hong Kong. The main aim of the meeting was  strengthening of ties with its member diamond bourses in Bangkok, Hong Kong, Mumbai, Shanghai, Singapore and Tokyo. Of the six bourses invited to the summit five of them […]

Cameroon To Start Diamond Mine In 2010

Cameroon is expected to start mining diamonds next year. Oscar Matip, the Director of Mines and Geology at the Ministry of Industry, Mines and Technological Development told reporters on the 25th that “mining could begin a year from now. The  deposits were discovered in the Mobilong area in south-eastern Cameroon. The deposits are close to […]

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