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Gitanjali is No More a De Beers’ Sightholder

Mumbai: Gitanjali Group owned by Mehul Choksi has lost its prestigious sightholdership with the world’s leading diamond mining company De Beers following his involvement in India’s biggest bank fraud along with his billionaire nephew Nirav Modi, reports The Times of India. In an article published

Lucara Finds 472 ct. Diamond from Karowe Mine

Gaborone: Lucara Diamond Corp.’s 100% owned Karowe Diamond Mine in Botswana has yielded up another large diamond. This one, at 472 carat, is the third largest stone recovered at Karowe, Lucara said. It is a top light brown gem diamond. Lucara CEO, Eira Thomas commented,

Celebrate this Akshay Tritiya with Platinum

Mumbai: Celebrate auspicious Akshaya Tritiya this year with the pure white metal, Platinum. On this day ‘white’ is considered auspicious and is of special significance, for it symbolises purity. The word “Akshaya” means never diminishing in Sanskrit and the occasion is celebrated with white payasam,

Fura Appoints Thompson Group as Creative Agency

Toronto: Fura Gems Inc., a gemstone mining and marketing company, has appointed the Thompson Group as their creative agency.  The Thompson Group will lead the development of a marketing initiative to build awareness and establish prestige branding for Colombian Emeralds and Mozambique Rubies.  This is

Registration Starts for 2018 World Diamond Congress

Antwerp: The official website of the 38th World Diamond Congress has gone live, allowing participants to register for the June 19-21 biennial gathering of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA). The three-day gathering, organised by the Israel

Gold Demand in UAE Plummeted in Q1

Dubai: Demand for gold jewelry in the United Arab Emirates plummeted in the first quarter, and traders say they know the culprit: the value-added tax, reports Bloomberg. Wholesale gold jewellery sales in Dubai, sometimes known as the City of Gold, fell 50 to 60 percent

Forevermark Launches in Indonesia

Jakarta: De Beers Group yesterday announced that its Forevermark diamond brand has launched in Indonesia as it continues on its global growth trajectory. For the market launch Forevermark is partnering with Indonesia’s premier jewellery company, Central Mega Kencana (CMK), which will sell Forevermark in its

Forevermark Hosts Program for Indian Retailers

Mumbai: Forevermark, the diamond brand from The De Beers Group of Companies, recently organised a customised programme on ‘Leadership in the Disruptive Era’ at the Cambridge Judge Business School, the acclaimed business school of the University of Cambridge with 35 select leading partners. Working with

CIBJO President Visits Bahrain as Guest of DANAT

Milan: CIBJO President Gaetano Cavalieri has concluded a week-long visit to the Kingdom of Bahrain, as the guest of DANAT, the Bahrain Institute for Pearls & Gemstones, during which he met with the leadership of the country’s fast-developing gemstone and jewellery centre, and discussed the

Zuckerberg Tenders Apology to the US Senate

Washington: Facebook Inc Chief Executive Mark Zuckerberg swapped his trademark T-shirt and jeans for a dark suit and a purple tie on Monday as he met U.S. lawmakers to apologize for the social network’s misuse of its members’ data and to head off possible regulation.