The Gems and Jewellery Export Promotion Council, apex body of Indian diamond industry, has welcomed the setting up of International Diamond Board to create and sustain strong consumer demand for diamonds worldwide through effective category marketing. For full story, click here
A top China steel industry official restated on Thursday strong opposition to settling iron ore prices at the same 33 percent cut other Asian mills have agreed, but said a deal could still be reached by month’s end. For full story, click here
The multi-crore Surat diamond industry, which had laid off thousands of workers in recent months to cope with the downturn, is now facing an acute shortage of skilled manpower. And that too at a time when demand for diamond jewellery is reviving. For full story, click here
The Union Ministry of Labour and Employment is carrying out a detailed survey of the diamond industry to assess the level of recovery. A five-member team from the ministry visited the diamond units across the city, which have claimed to be plodding their way back to recovery from recession. For full story, click here
De Beers has remained optimistic about the future prospects of the diamond industry during 2009, and is expecting the Christmas season to be “in line with if not better than last year”. For full story, click here
In a popular move in the diamond industry, the government is going ahead with its plans to create a parallel trading platform alongside the Diamond Trading Company, the existing marketing arrangement with De Beers. For full story, click here
Finally, there is some glittering news for the recession-hit diamond industry. World’s leading diamond group De Beers has declared that it will ramp up diamond production by 80 per cent in the second quarter, in the anticipation that the sales during Christmas this year will be better compared to 2008. Chandrakant Sanghavi, regional chairman, Gems [...]
Finally, there is some glittering news for the recession-hit diamond industry. World’s leading diamond group De Beers has announced that it will ramp up diamond output by 80 per cent in the second quarter, in the anticipation that the sales during Christmas this year will be better compared to 2008. For full story, click here
In a major move to help the recession-hit diamond industry in Botswana, the African Development Bank has approved a loan of 1.5 billion dollars for the diamond-rich country. For full story, click here
In a major move to help the recession-hit diamond industry in Botswana, the African Development Bank has approved a loan of 1.5 billion dollars for the diamond-rich country. For full story, click here
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