Trade News

India marches a step ahead to Tax reform (2020-08-14)

Speaking on the occasion he said that the process of Structural Reform in the country has reached new heights today. The Prime Minister said the platform of “Transparent Taxation - Honouring the Honest, has been launched to meet the requirements of the 21st-century taxation system. He elaborated that the platform has major ref Read More...

Alrosa diamond sales July amounted to $35.8mn (2020-08-14)

Alrosa reports its diamond sales results for July and seven months of 2020. Sales of rough and polished diamonds in July amounted to $35.8 million, including proceeds from rough diamond sales of $22.7 million, and polished diamond sales of $13.2 million. For seven months of 2020, total rough and polished diamond sales accounted for Read More...

Gold ETFs added 21% in 2020 (2020-08-14)

According to the July highlights, World Gold Council (WGC) says, Gold-backed ETFs and similar products (gold ETFs) recorded their eighth consecutive month of positive flows, adding 166 tonnes (t) in July – equivalent to US$9.7bn or 4.0% of assets under management (AUM). Global holdings have once again reached a new all-time high of 3,785t Read More...

Nasdaq & DGCX sign Landmark Agreement (2020-08-14)

Nasdaq and Dubai Gold & Commodities Exchange (DGCX) announced a major market technology agreement for Nasdaq to provide DGCX with a full suite of integrated marketplace solutions. The marketplace solutions, delivered via the Nasdaq Financial Framework, include multi-asset trading and real-time clearing capabilities, pre-trade risk Read More...

PNG Magalsutra Mahotsav until August 24 (2020-08-14)

87-year-old legacy jewellery brand, PNG Jewellers announced the launch of their most anticipated annual offering, the Mangalsutra Mahotsav to kick-start the festive season. The brand aims to celebrate the ‘Pure emotions of Shravan’ through its offerings around the Mangalsutra Mahotsav, Rakshabandhan and other festive occasi Read More...

Celebrate Independence Day with Freedom Collection (2020-08-14)

Celebrating the 74th Independence Day of India, the largest jewellery retail chain from Eastern India has unveiled an exclusive range of jewellery collection named Freedom Collection. This is a unique range of Gold and Diamonds collection which is specially designed to express the meaning of freedom. Freedom is best Read More...

Forevermark launches in New Zealand (2020-08-13)

The De Beers Group diamond brand, Forevermark, has announced that it is to launch in three stores in New Zealand. Partnering with Partridge Jewellers and focusing on the high-end Black Label Collection, Forevermark jewellery will be available in Partridge Jewellers in Auckland, Wellington and Christchurch. With the official launch will be suppo Read More...

Alrosa unearths largest ever diamond of Yakutia (2020-08-13)

Almazy Anabara (Diamonds of Anabar), a part of Alrosa Group, found a 236-ct rough diamond of intense yellow-brown color. The diamond was extracted from the Ebelyakh mine in Yakutia, Russia. This is the largest natural color rough diamond ever found in Russia. The diamond’s dimensions are 47x24x22 mm, and, accordin Read More...

Lulo on kimberlite bulk sample spree! (2020-08-13)

Lucapa Diamond Company provides an update on the Lulo project in Angola. Lucapa reports, as set out in the Quarterly Report for the period ending 30 June 2020 and the Annual General Meeting presentation alluvial exploration and mining activities have, since June 2020, focussed on the Mining Block 06 flood plain (leziria) area Read More...

GIA specific 4Cs new digital LGD reports (2020-08-13)

To further its consumer-protection mission and help ensure the public trust in gems and jewelry, GIA (Gemological Institute of America) will report specific 4Cs color and clarity grades on its new digital reports for laboratory-grown diamonds, replacing the currently-used descriptive terms and grade range Read More...