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WFDB and CIBJO Sign Cooperation Agreement
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Istanbul, 18th June: The presidents of the World Federation of Diamond Bourses (WFDB) and CIBJO, the World Jewellery Confederation, Ernest Blom and Gaetano Cavalieri, signed yesterday a cooperation agreement, according to which the two organisations will strive to coordinate positions, with the aim of positively influencing developments in the international diamond and jewellery sectors.
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Marange Diamonds @25% Discount
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Harare, 15th June: Zimbabwe is selling its rough diamonds from Marange at 25 percent less the normal price due to illegal sanctions imposed on the country, a report by a Parliamentary Portfolio Committee on Mines and Energy has said.
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Nirupa Bhatt and Vichian Veerasaksri Join JNA Awards 2013 Judging Panel
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Hong Kong, 14th June: Ms. Nirupa Bhatt, Managing Director of the Gemological Institute of America (GIA) in India and the Middle East and Vichian Veerasaksri, Director of The World Jewellery Confederation (CIBJO) and Advisor to the Thai Gem and Jewelry Traders Association (TGJTA) has joined the judging panel of JNA awards recently.
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Ghana Sets Free 124 Chinese Gold Miner Detainees
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Accra, 9th June: All 124 Chinese gold miners that were detained by the Ghanaian immigration authorities have been released, according to the Chinese embassy based in Ghana.
The embassy also disclosed on its website that Ghana has already promised that another 45 Chinese citizens who are still being held in the country's inspection bureau will also be released on Monday.
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99% of Diamond Trade Conflict-Free: SA Minister
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Johannesburg, 9th June: South Africa’s mineral resources minister Susan Shabangu said that 99 percent of diamonds that are currently traded globally were conflict-free.
She said that the Kimberley Process (KP) should now speed up initiatives to ensure that the remaining 1 percent was also conflict-free.
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Exclude Israel from Diamond Processing
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Kimberley, 8th June: South African human rights groups, trade unions and major civil society organizations are calling for the Kimberley Process Certification Scheme to exclude Israel from diamond processing.
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6th Edition of HJF Inaugurated
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Hyderabad, 7th June: The sixth edition of Hyderbad Jewellery, Pearl and Gem Fair (HJF), organized by UBM India, a part of UBM plc and the leading global media business company, was inaugurated today by Union Minister of Commerce & Industry Dr. Daggubati Purandeswari at Hyderabad’s Hitex Exhibition Centre.
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RJC Calls for Stakeholder Feedback on Revisions
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Seminar on Safety and Security for Jewellers
New York, 16th June: The Diamond Manufacturers & Importers Association of America (DMIA) urges its members to take part in a seminar on the special safety and security measures required for jewelers, to be organized and presented by the New York City Police Department (NYPD) and the Federal Bureau of Investigations (FBI).
The seminar, an initiative of the 47th Street Business Improvement District (47th Street BID), will be held Wednesday, June 19, 2013, 9:30 - 11.00 a.m., at the Metropolitan National Bank, 16 West 46th Street, nearby Manhattan's Diamond District. Admission is free to anyone in the industry, although reservations will be required.
The seminar is formatted as an early morning meeting, starting at 09:30, so that out-of-town commuters who work in the city can also make the meeting. A catered, kosher breakfast will be provided free of charge. To reserve space or for any question, email info@diamonddistrict.org.
Zimbabwe's Diamond Revenue Missing
Harare, 14th June: A Zimbabwean parliamentary committee said tens of millions of dollars of revenue that a diamond-mining company says it paid to the government never found its way to the Treasury, Bloomberg reports.
While the 2013 National Budget shows that Treasury received $41 million from diamond mining in 2012, matching the amount received the year earlier, one company, Mbada Diamonds, says it has paid $293 million to the government since it started mining in 2009, the Portfolio Committee on Mines and Energy said in a report that it compiled over four years.
Three other companies operating on the Marange field, which the committee said could supply a quarter of world demand, refused to disclose the payments they made to the government, the committee said.
“There are very serious discrepancies between what government receives from the sector and what the diamond mining companies claim to have remitted to Treasury,” the committee said.
Chris Gavrilides, the managing director of Johannesburg-based New Reclamation Corp., which has a stake in Mbada, referred queries Jeremy Joffe, the chief executive officer. Joffe was not in his office today and didn’t immediately reply to an e-mailed request for comment.
Prince Mupazviriho, permanent secretary at Zimmbabwe’s Ministry of Mines and Mining Development, said he hadn’t seen the report.
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