Page 3 - Diamonds
Jewellers warn public against duplicate diamonds, say ask for invoice
Chennai-based Vummidi Bangaru Jewellers recently unveiled the screening device 'SYNTHdetect' that would be used to identify synthetic diamonds with an aim to create awareness among the public
 "Jewellers warn public against duplicate diamonds, say ask for invoice")
How diamonds can become 'the new gold' for investors
Diamond trading has gradually become more open
 "How diamonds can become 'the new gold' for investors")
Miner ends large gem drought with 114-carat find
Gem Diamonds said it unearthed a 114-carat diamond at its Lesotho mine in southern Africa
 "Miner ends large gem drought with 114-carat find")
Demonetisation will haunt diamond demand in 2017: De Beers
De Beers see India's demonitisation haunting diamond demandDe Beers, world's top diamond mining group, now 85 per cent owned by Anglo American has said today that India's demonitisation along with US administration policies and strengthening US Dollar will haunt diamond market outlook in 2017.The mining jiant declared its annual results today for 2016 in which it has cut production by 5% to 27.3 million carats and rough diamond prices decreased 10% on an average to $187/carat, However sales and profit has seen a sharp increase. However total revenue increased by 30% to $6.1 billion driven by higher rough diamond sales, which increased by 37% to $5.6 billion.After declaring results for 2016, world's largest diamond mining group said that, "diamond jewellery demand growth sustained in 2016 which is a large market but In India, a month-long jewellers' strike in March and the government's surprise demonetisation programme which started in November, had a considerable negative impact on ...
 "Demonetisation will haunt diamond demand in 2017: De Beers")
India's rough diamond imports drop 4.7% in December: Trade body
India is a global diamond polishing hub where 14 out of 15 rough diamonds in the world are polished
 "India's rough diamond imports drop 4.7% in December: Trade body")
Demonetisation: Rough diamond imports may fall 30%
Processors expect combined imports of less than 14 million carats in November-December
 "Demonetisation: Rough diamond imports may fall 30%")
Diamond exporters eye 8-10% rise in exports in coming quarter
India exported $14.2 bn worth cut and polished diamonds between April to Oct this year, which is up by 14.62% over last year
Couples don't buy diamonds online the way they used to
The ring market on eBay has risen 58 per cent in the last five years
 "Couples don't buy diamonds online the way they used to")
De Beers selling polished diamonds online
The service is available on membership, like any other business-to-business platform, to De Beers' customers, according to trade sources
World's largest uncut diamond heads to auction, a break with tradition
Large cut diamonds have fetched record prices on the block. In May, the Oppenheimer Blue, a 14.6-carat stone fetched a record $57.5 mn at auction
 "World's largest uncut diamond heads to auction, a break with tradition")
Sparkle back in Surat's diamond sector
Diamond polishers say that with global demand picking up and inventory down to one month, industry is seeing green shoots
 "Sparkle back in Surat's diamond sector")
Credit extension period to ease operational difficulties for diamond processors
RBI has allowed banks to extend credit period for exporters of precious ornaments over six months from date of shipments with a caveat
 "Credit extension period to ease operational difficulties for diamond processors")
