Trade News

Pandemic to toll $32tn debt on Asia Inc (2020-04-04)

According to the estimated by CER, The coronavirus outbreak is threatening to force companies across the Asia-Pacific region to default after years of low-interest rates prompted many to gorge on trillions of dollars of debt, media reports. In the years following the global financial crisis to 2019, the volume of outstanding corpor Read More...

Six new Diamond Prospecting Licences to BoD (2020-04-04)

Botswana Diamonds (BOD) has awarded six new Prospecting Licences PL 017 -18 of 2020 and PL 066 – 069 of 2020 to Sunland Minerals (Pty) Ltd-a wholly-owned subsidiary of BOD.  The license tenure is for a period of three years until 31 March 2023. The licenses cover an area of 4,319 square kilometers in the Central and Kgalagadi Read More...

Lucapa Diamond with lockdown measures (2020-04-04)

Lucapa Diamond Company Limited notes the recent declaration of a National State of Emergency by the President of the Republic of Angola, His Excellency Joao Lourenco, as one of the measures to prevent and combat the spread of the coronavirus pandemic. The National State of Emergency, which will be in force until 11 April 2020 and may Read More...

Gemfields Group suspended operations (2020-04-04)

The turmoil stemming from COVID-19 patently represents one of the most serious challenges faced by many companies globally. Gemfields is no exception and a significant detrimental impact on its operations, revenues and business is inevitable during 2020 and possibly beyond. The wellbeing of Gemfields’ employees and communities remai Read More...

Utkala collection for this Akshaya Tritiya (2020-04-04)

Reliance Jewels, one of India’s most trusted jewellery brands brings to its valued patrons, its latest spellbinding collection – Utkala, where beauty rises. Inspired by Odisha’s enchanting art heritage, the renowned jewellery house is continuing its design legacy of re-creating majestic temple jewellery. Utkala com Read More...

The One, Micropavé Engagement Ring! (2020-04-04)

The ultimate expression of true love, Harry Winston Engagement Rings features rare diamonds selected from only the top color (D, E, and F) and clarity grades (Flawless-VS2) expertly set in platinum to create a superlative engagement ring that shines with maximum brilliance. From cushion-cut, to emerald-cut, to oval and pear-shaped, the Ho Read More...

GJEPC contributes to PM-CARES Fund (2020-04-03)

In a statement Mr Pramod Agrawal, chairman-GJEPC said, “GJEPC, the apex body of gem and jewellery trade in India has decided to contribute Rs. 21 Crore to PM-CARES Fund, pledging our commitment on behalf of the entire gem & jewellery trade in India for the welfare of the nation. The nation is facing an unprecedented Read More...

Nimesh Patel steps down DeBeers! (2020-04-03)

De Beers Group announced that Nimesh Patel, Chief Financial Officer, will leave the business to join Spirax-Sarco Engineering plc as their new Chief Financial Officer and Executive Director before the end of July. Nimesh joined Anglo American in 2012 as Group Head of Corporate Finance before moving to De Beers Group in 2016 as Chief Fin Read More...

Alrosa digital tender for large rough (2020-04-03)

Alrosa has launched a digital tender for special size rough diamonds (over 10.8 carats). It allows customers to purchase stones despite current traveling restrictions imposed between countries due to the COVID-19 pandemic. The auction takes place between March 23 and April 6. Due to the global situation, the company decided to cance Read More...

Letšeng diamond tender concluded (2020-04-03)

Gem Diamonds Limited announces that the first round of the Letšeng flexible tender sales process concluded on 26 March 2020 and raised US$12.1 million for a selection of Letšeng's large, high-quality diamonds. The previously announced flexible tender sales process was put in place as a result of the March large diamond tend Read More...