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India Urges ‘Self-Discipline’ from Rough Buyers
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Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis, noting that diamond demand remains uncertain.The Gem & Jewellery Export Promotion Council (GJEPC) and four...
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Rough Markets
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Aug 02, 2020
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Rapaport News
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India Extends Import Curbs as Surat Shuts Again
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Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market.The Gem & Jewellery Export Promotion Council (GJEPC)...
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Polished Markets
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Jul 01, 2020
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Joshua Freedman
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Exports Restart at India’s Bharat Diamond Bourse
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Mumbai has dispatched its first diamond exports since India’s lockdown started, after the regional government allowed limited activities to resume at the city’s Bharat Diamond Bourse (BDB).The first shipments took place on Tuesday,...
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Polished Markets
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May 14, 2020
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Joshua Freedman
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Israel Bourse Resumes Certain Services
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The Israel Diamond Exchange (IDE) has become the latest bourse to revive operations, as trading centers around the world slowly return to action following lockdowns.Facilities including banks, the post office, customs, the diamond...
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Polished Markets
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May 06, 2020
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Rapaport News
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India Trade Urged to Freeze Rough Imports
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India’s leading diamond-trade organizations have called on members to stop importing rough for at least a month to prevent an oversupply and ensure banks maintain their credit to the sector.Companies should consider pausing rough imports from May...
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Rough Markets
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Apr 23, 2020
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Rapaport News
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India Eases Trade’s Financial Burden
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India’s government has approved concessions to ease the financial situation for diamond and jewelry businesses after the country went into lockdown to curb the spread of the coronavirus.The finance ministry raised the minimum...
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Financial-Legal
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Mar 25, 2020
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Rapaport News
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Surat Diamond Manufacturing Shuts Down
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The entire polishing industry in Surat has shut until March 31 after Indian authorities introduced tight restrictions to slow the spread of the coronavirus.Activities stopped on Tuesday in line with a lockdown enforced by the Gujarat state government....
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Polished Markets
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Mar 24, 2020
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Rapaport News
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Indian Exporters Get Reprieve from Banks
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Indian banks have agreed to offer special concessions to diamond exporters to help them deal with late payments resulting from the coronavirus outbreak.Companies will have extra months to repay loans they take to fund overseas...
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Financial-Legal
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Mar 19, 2020
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Rapaport News
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Antwerp Bans Lab-Grown from Trading Floors
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The Federation of Belgian Diamond Bourses has introduced aban on lab-grown sales in Antwerp’s four trading halls. While synthetics trading is still rare in Antwerp, theumbrella group took action last month because it views the exchanges...
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Polished Markets
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Oct 10, 2019
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Joshua Freedman
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Synthetics: Coming to a Bourse Near You?
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The rise of lab-grown diamonds might finally be tricklingthrough to the historic heart of the trade: the diamond exchanges.It began last November, when Anoop Mehta, president ofMumbai’s Bharat Diamond Bourse (BDB), told Rapaport News...
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Polished Markets
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May 14, 2019
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Joshua Freedman
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India Cracks Down on Bankrupt Diamantaires
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Indian industry bodies are stepping up measures to prevent owners of bankrupt diamondcompanies from starting a new business before clearing their debts. The country’s TradeDisciplinary Committee (TDC) could ban such new firms fromcarrying out...
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Financial-Legal
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Jan 14, 2019
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Rapaport News
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DMCC Joins GJEPC’s My KYC Initiative
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The Dubai Diamond Exchange (DDE) will join the Gem &Jewellery Export Promotion Council’s (GJEPC) digital know-your-customerplatform. All members of the DDE’s parent company, the Dubai Multi Commodities Centre(DMCC), that trade in diamonds,...
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Financial-Legal
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Dec 23, 2018
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Rapaport News
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Mumbai Exchange Mulls Lifting Synthetics Ban
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Mumbai’s Bharat Diamond Bourse (BDB) is considering allowingsynthetic-diamond trading on the exchange premises, its president told RapaportNews. Some members have asked management to reconsider its 2015ban on selling lab-grown diamonds anywhere in the BDB’s vast...
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Polished Markets
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Nov 15, 2018
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Joshua Freedman
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Alrosa Moves to Strengthen India Base
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Russian diamond miner Alrosa has opened its first office in Mumbai as part of aneffort to strengthen ties with Indian diamond manufacturers. The new location, housed in the Bharat Diamond Bourse, willbe headed by Jim Vimadalal...
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Mining
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Apr 22, 2018
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Rapaport News
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HRD Antwerp Steps Up India Presence
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HRD Antwerp is expanding its presence in India with a newlocation at the Santacruz Electronic Export Processing Zone (SEEPZ) in Mumbai, andanother one in the Bharat Diamond Bourse (BDB). The Belgium-based diamond-certification and trainingfacility announced plans...
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Polished Markets
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Apr 01, 2018
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Rapaport News
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New Diamond Bourse in the Works for Surat
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Construction is under way to develop a diamond bourse in Surat that will house more than 4,400 diamond merchants. The complex is scheduled to be completed in 2020, and to be fullyoperational by the following year, spokespeople for the project told...
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Rough Markets
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Feb 21, 2018
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Rapaport News
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Indian Bourse to Hold First Diamond Week
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The Bharat Diamond Bourse (BDB) will host its first Indian DiamondWeek, featuring 200 to 250 polished-diamond companies, the organization saidMonday. The event, which will take place in April in Mumbai, aims tofoster connections...
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Rough Markets
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Jan 30, 2018
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Rapaport News
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Alrosa, India Agree to Tighten Relationship
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Alrosa and India’s Gem & Jewellery Export PromotionCouncil (GJEPC) have inked an agreement to let the Russian miner sell diamondsin India at preferential tax rates.A memorandum of cooperation (MoC) between the two parties,signed in the...
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Rough Markets
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Jun 05, 2017
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Rapaport News
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India Focuses on Fighting Fraud
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India has beefed up its diamond disciplinary capabilities to put astop to bankrupt traders setting up new companies to escape debts and curb other fraudulent activities.The new Trade Disciplinary Committee will have more power totarget...
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Financial-Legal
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Jan 05, 2017
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Joshua Freedman
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Okavango to Hold Rough Viewings in Mumbai in July
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Okavango Diamond Company (ODC) will hold viewings of itsrough stones at the Bharat Diamond Bourse in Mumbai July 20 to 25. These willtake place alongside the company’s regular viewings in Gaborone, Botswana.The goods will be available for...
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Rough Markets
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Mar 07, 2016
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Rapaport News
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