Category Archives: Diamonds

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 […]

India’s First ever Diamond and Colored Gemstone Show

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 […]

Zale Struggling Due To The Economic Downturn

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 […]

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 […]

Zimbabwe Denies Killings In Diamond Fields

Since October last year there has been reports of widespread killing by the military in the eastern Marange diamond fields of Zimbabwe. Murisi Zwizwai the deputy mining minister of Zimbabwe denied the killings in the Marange diamond fields late last year. The denial was made during a meeting of the Kimberely Process in Namibia. He […]

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