Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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Should Airlines Ban Carrying Gold in Hand?
India Should Focus on Incremental Changes in KP
Mumbai (By Suresh Chotai): More than two decades after the Kimberley Process (KP) was born, the diamond industry still faces an uncomfortable truth: the global system designed to keep “Conflict diamonds” out of the market is stuck in the past. The Kimberley Process defines conflict diamonds narrowly—stones used by rebel movements to finance wars against legitimate governments. That definition made sense in the early 2000s, when conflicts in Sierra Leone and Angola shocked the world. But today, violence linked to
India Should Focus on Incremental Changes in KP
Mumbai (By Suresh Chotai): More than two decades after the Kimberley Process (KP) was born, the diamond industry still faces an uncomfortable truth: the global system designed to keep “Conflict diamonds” out of the market is stuck in the past. The Kimberley Process defines conflict diamonds narrowly—stones used by rebel movements to finance wars against legitimate governments. That definition made sense in the early 2000s, when conflicts in Sierra Leone and Angola shocked the world. But today, violence linked to
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WFDB ExCo Meeting Agrees on New Strategy
Antwerp: The World Federation of Diamond Bourses (WFDB) has held its Executive Committee meeting in Idar-Oberstein, Germany, where members discussed and debated the next steps the organization should take to increase its global footprint. On the agenda were expanding the membership of the WFDB as a leader of the worldwide diamond trade by accepting associate and other members, and introducing
Tomoko Kodera Wins 1st Prize of HRD Awards
Antwerp: Tomoko Kodera, from Japan, won first prize and $10,000 at the recent 17th edition of the HRD Awards. Kodera’s winning piece, “Rice Husks,” is a brooch containing 400 handmade rice husks. This year’s design brief was to find inspiration from a designer’s own culinary heritage. The four other finalists were Shiu Liang and Freeman Johnson from China, and Evi
SGBS to Add Glitter to Gold Investors
Mumbai: The sovereign gold bond scheme is an attractive product and may address the pure investment demand for gold, says India Ratings and Research (Ind-Ra). Gold sovereign bonds may triumph over other comparable products in the market such as gold exchange traded funds and physical bars, and can lead to a reduction in India’s current account deficit. Also, gold sovereign
IDW in Israel from 14 to 18 Feb, 2016
Ramat Gan: With the fourth edition of the Israel Diamond Week in New York behind us, the organizing committee of the International Diamond Week in Israel (IDWI) has begun the preparations for the event’s winter edition that will be held at the Israel Diamond Exchange (IDE), February 14-18, 2016. Moti Fluk, the IDWI’s parting chairperson, said he expected the February
WFDB ExCo Meeting Agrees on New Strategy
Antwerp: The World Federation of Diamond Bourses (WFDB) has held its Executive Committee meeting in Idar-Oberstein, Germany, where members discussed and debated the next steps the organization should take to increase its global footprint. On the agenda were expanding the membership of the WFDB as a leader of the worldwide diamond trade by accepting associate and other members, and introducing
Tomoko Kodera Wins 1st Prize of HRD Awards
Antwerp: Tomoko Kodera, from Japan, won first prize and $10,000 at the recent 17th edition of the HRD Awards. Kodera’s winning piece, “Rice Husks,” is a brooch containing 400 handmade rice husks. This year’s design brief was to find inspiration from a designer’s own culinary heritage. The four other finalists were Shiu Liang and Freeman Johnson from China, and Evi
SGBS to Add Glitter to Gold Investors
Mumbai: The sovereign gold bond scheme is an attractive product and may address the pure investment demand for gold, says India Ratings and Research (Ind-Ra). Gold sovereign bonds may triumph over other comparable products in the market such as gold exchange traded funds and physical bars, and can lead to a reduction in India’s current account deficit. Also, gold sovereign
IDW in Israel from 14 to 18 Feb, 2016
Ramat Gan: With the fourth edition of the Israel Diamond Week in New York behind us, the organizing committee of the International Diamond Week in Israel (IDWI) has begun the preparations for the event’s winter edition that will be held at the Israel Diamond Exchange (IDE), February 14-18, 2016. Moti Fluk, the IDWI’s parting chairperson, said he expected the February
