India’s Taxes Stalling Diamond Sales
Mineweb reported diamonds being exported and imported into the country repeatedly has slowed due to increased import duties.
Mineweb reported diamonds being exported and imported into the country repeatedly has slowed due to increased import duties.
SMH reported Australia diamond exports are expected to rise as more gems make their way to India.
Mineweb reported a Chinese court has deported 12 Indian diamond traders on charges of smuggling diamonds worth $7.3 million.
Reuters reported Bain & Company said diamond demand will grow by an estimated 6% over the next ten years fueled by markets in China and India.
Minweb reported Indian diamond exporters are moving into new and growing market sin the US and Europe.
Business Insider reported there is no negotiation under way and no agreement between Alrosa (RTC:ALNU) and MMTC (BOM:513377).
Mineweb reported India's MMTC (BOM:5133770) is eyeing a stake in Russia's Alrosa (RTC:ALNU).
Mineweb reports the rise in the cost of diamonds since last July has made diamond jewellery unaffordable for many Indian customers.
Bloomberg reports Rapaport Group will start a fund for investors looking to bet on diamonds in India and China.
Business Insider reports that Indians are likely to purchase more gold and diamonds as the Rakhi festival comes up.
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