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Diamond Jewelry

ALROSA, SDE Plan Diamond Auctions in china

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Fyodor Andreev, ALROSA’s president, signed a letter of intent with Lin Qiang, the president of the Shanghai Diamond Exchange (SDE), in Beijing that will see the two parties collaborate on principles and conditions for the sale of ALROSA’s rough and polished diamonds through SDE auctions. “China is one of the most dynamically developing countries in the world. We believe the ... Read More »

Gujarat’s villages can hum with diamond industry units

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If mining companies start their sales offices in India for direct sales of rough, then many villages of Gujarat can become diamond polishing centers. At Present diamond polishing units exist in and around Surat, Bhavnagar, Amreli, Junagadh, Rajkot, Jasdan, Amdavad, Patan and palampur. But the biggest problem of all these small and medium factories is to procure rough at reasonable ... Read More »

Govt’ s lethargy raises doubts about its sincerity

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When the govt. announced in 2009 its intention to make India a diamond hub and assured proper action, it was all talk but no action despite the industry’s pleas for changes in the laws in the interest of the industry and establishment of “Special notified zones” for import and trading in rough. Under this facility the bill would be made ... Read More »

Centre’s utter Disregard for creating special Notified zones

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There is news dated 8th May by China’s xinhua news agency that Zimbabwe’s MMCZ (Mineral’s Marketing Corporation of Zimbabwe) has announced that it will open marketing offices in Dubai and China before the end of 2013 to supply rough diamonds directly to these countries. Zimbabwe’s govt. officials and the MMCZ have pointed on that (i) the country was losing money ... Read More »

Forty five offices shifted to Bharat Diamond Bourse on Akshaya tritiya

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Forty five diamond exporter companies have shifted their offices to Bharat Diamond Bourse (BIB) at Bandra-Kurla complex on the auspicious day of Akshaya tritiya. BIB president Anup Mehta informed that exporters and diamond merchants tendency had been increasing towards BIB. Besides this, 91 companies had already shifted their offices into BIB on 2nd may 2013. Single cut diamond offices have ... Read More »