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 […]
According to the data released by the diamond controller, Shmuel Mordechai at the Trade and Labour Ministry, Israel there was a 58.3% drop in the export of polished diamonds compared to the same period last year. Polished diamond exports during the first half of this year totalled US$ 1.58 billion. The declining trend in diamond […]
The well known opal industry of Australia is struggling due to the global economic downturn and readily available synthetic opals. Opal which is also the national gemstone of Australia is very popular for its display of light and color. According to the New Zealand Herald the situation is so bad that the world’s only tertiary […]
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 […]
The Gem and Jewellery Exports Promotion Council (GJEPC) is organizing two shows in August 2009. The first show which will be held from August 4-5 2009, is the first ever India Diamond and Coloured Stone Show (IDCS) 2009. The main aim of this show is to showcase the manufacturing skills of Indian diamond and colored […]
Once again Zale has replaced senior management, probably in an effort to reverse declining sales. The Securities and Exchange Commission (SEC) was notified by Zales regarding the departure of the executives. Zales senior vice president, controller and chief accounting officer Cindy Gordan left the company on June 30th, 2009. Jim Sullivan was appointed as the […]
Imelda Marcos the former first lady of Philippines celebrated her 80th birthday on Thursday July 2nd in style. The celebration was attended by about 1000 guests. Although she told many of the guests that the best present she will get is her family’s vindication she got a pair of pink shoes from Bayani Fernando, former […]
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, 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 […]
The real beauty of gemstones is revealed only when properly faceted (cut).Only gemstones with right cut and even faceting fetch high prices. Semi-automatic gem cutting machines has been available for a long time. Only recently a fully automated gemstones cutting and polishing machine has been developed. Paul Wild GmbH has been using this fully automated […]