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De Beers Plans for Forward Contracts

De Beers Group announced that its Auction Sales business is to transition Fixed-Price Forward Contracts to core business status, following the success of the pilot programme that was launched in January 2017. Fixed-Price Forward Contracts offer the opportunity for Auction Sales customers to secure guaranteed

CIBJO Supports De Beers Plan on Blockchain Tech.

Milan: CIBJO President Gaetano Cavalieri has voiced the World Jewellery Confederation’s support for a De Beers development project that employs blockchain technology, which was announced on December 4 by the group’s CEO, Bruce Cleaver. When operational, it should enable a diamond’s journey through the value

India Gives Rs 8,450 Cr. Package to Exporters

New Delhi: The government on Tuesday announced additional incentives worth Rs 8,450 crore a year to boost both merchandise and services exports as part of its mid-term review of the foreign trade policy (FTP) for 2015-20, with specific focus on micro, small and medium enterprises

De Beers Announces Changes to Exe. Committee

London: De Beers Group yesterday announced three changes to its Executive Committee. Neil Ventura, currently Executive Vice-President, Auction Sales, will become Executive Vice-President, Strategy and Innovation. Paul Rowley, currently Executive Vice-President, Global Sightholder Sales, will become Executive Vice-President, Diamond Trading. Alessandra Berridge, currently Lead Legal

Forevermark Launches at Alankar Jewellers, Patna

Patna: Alankar Jewellers, a brand that has set unmatched standards of quality and service have partnered with Forevermark, the diamond brand from the De Beers Group of Companies, by launching the brand at their store in Patna. While Forevermark encompasses the promise of beautiful, rare

AWDC & GJEPC to Join MyKYCBank Project

Mumbai: The Antwerp World Diamond Centre (AWDC) and the Gem and Jewellery Export Promotion Council (GJEPC) have announced that they would join forces in rolling out an industry-wide Know-Your-Customer (KYC) exchange platform, MyKYCBank. The MyKYCBank platform, which is launched by the GJEPC through an independent

Collection of Natural Fancy Color Diamonds

Los Angeles: Visitors to the Natural History Museum of Los Angeles (NHMLA) will have a rare opportunity to see some of the world’s most coveted natural fancy color diamonds at Green Diamonds: Natural Radiance, opening on December 9, 2017. New York-based Optimum Diamonds LLC, one

India May Cut Import Duty on Gold

New Delhi: After a pause of more than four years, the government is all set to cut import duty on gold by about half from the existing 10%, reports Deccan Herald. The move will help the country’s gems and jewellery sector, which has been facing

Registration Now Open for Israel’s IDW

Ramat Gan: The excitement has begun: registration is now open for the seventh International Diamond Week in Israel (IDWI), to be held from February 5 to 7, 2018 at the Israel Diamond Exchange (IDE).  This event has become an essential feature on the calendar of

India to Boost Mechanism to Up Jewellery Exports

New Delhi: India’s Commerce and Industry Minister Mr. Suresh Prabhu on Friday made a strong point for setting up an institutional mechanism to drive up jewellery exports. Exports of gems and jewellery had declined by 24.5 per cent to USD 3.3 billion in October, from