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WFDB Presidents' Meeting Opening
WFDB Prepares Master Plan to Boost Relevance
There was a time, though not very recent, when a gathering of the World Federation of Diamond Bourses (WFDB) was graced by royalty and high-ranking politicians, recalled industry consultant Peter Meeus at the organization’s annual Presidents’...
Polished Markets Oct 07, 2019 Avi Krawitz
Dubai Tender
Dubai Upgrading Diamond-Tender Center
The Dubai Diamond Exchange (DDE) will soon unveil its renovated center for rough and polished diamond tenders, the bourse reported Saturday. “The DDE is currently under renovation,” the exchange said. “Once...
Polished Markets Jul 29, 2019 Rapaport News
National Bank of Fujairah Antwerp launch April 201
Dubai’s NBF Enters Antwerp Lending Market
The National Bank of Fujairah (NBF) has launched arepresentative office in Antwerp as it looks to expand its business lending toestablished diamond traders. The Dubai-based bank targets wholesalers with secure sourcesof income and solid product...
Financial-Legal Apr 07, 2019 Joshua Freedman
TAGS
Trans Atlantic Dubai Tender Grosses $46M
Trans Atlantic Gem Sales (TAGS) sold $46.4 million worth ofrough diamonds during a tender in Dubai in late November and early December, itsaid Wednesday. The company sold 97,841 carats of high-quality stones frommines in South...
Rough Markets Dec 13, 2018 Rapaport News
Asian Sar
Sales Rise at India’s Asian Star
Sales and profit grew at Indiandiamond manufacturer Asian Star in the second fiscal quarter amid improvedjewelry exports and a strong performance at its Dubai trading unit.The Mumbai-based group saw strong margins in its jewelry division,...
Manufacturing Dec 04, 2018 Rapaport News
Trans Hex
Dubai Rough Tender Garners $21M
Trans Atlantic Gem Sales (TAGS) sold $20.9 million worth ofrough diamonds during a tender it held in Dubai in early August. The company sold 25,342 carats of high-quality stonessourced from mines in South Africa and Angola...
Polished Markets Aug 19, 2018 Rapaport News
Dubai 150
Trans Atlantic Brings In $35M at Dubai Tender
Trans Atlantic Gem Sales (TAGS) garnered $35 million from atender of rough diamonds in Dubai in June, it said Monday.The company sold 27,161 carats of high-qualitystones sourced from mines in South Africa and Angola. The diamonds...
Rough Markets Jul 09, 2018 Rapaport News
06 Peter Meeus Chairman Dubai Diamond Exchange
CAR Appoints Peter Meeus as Adviser
The Central AfricanRepublic (CAR) has appointed industry veteran Peter Meeus as a governmentadviser, in line with the nation’s efforts to make its diamond sector compliantwith global standards.Meeus (pictured), asinternational diamond specialist and special adviser,...
Rough Markets Jun 14, 2018 Rapaport News
ABN Amro 600
ABN Amro Scales Back Diamond Lending
ABN Amro is terminating its diamond and jewelry lendingbusiness in the US and the United Arab Emirates (UAE), the Amsterdam-based banksaid.The lender decided to end its services to the US industrydue to its “very small portfolio,” a spokesperson...
Financial-Legal May 21, 2018 Rapaport News
GJEPC Predicts Strong Year for Jewelry 150
GJEPC Predicts Strong Year for Jewelry
India’s gem and jewelry exports will grow by adouble-digit percentage this year, Pramod Agrawal, the newly elected chairman ofthe Gem & Jewellery Export Promotion Council (GJEPC), predicted this week. The high...
Polished Markets Feb 13, 2018 David Brough
Diamond Show - Rapaport Polished Diamonds 150
India Hikes Taxes on Polished Imports
The Indian government has increased import taxes on polisheddiamonds to 5%, prompting criticism from the Gem & Jewellery ExportPromotion Council (GJEPC). The levy applies to cut and polished diamonds, both natural andlaboratory-grown, and...
Financial-Legal Feb 04, 2018 Rapaport News
Alrosa Rough
Alrosa to Bring Big Diamonds to Big Apple in 2018
Alrosa will hold 30 auctions of large rough diamonds atlocations around the world in 2018, adding New York to its roster.The events will primarily take place in the major tradingcenters in which Alrosa has sales offices,...
Rough Markets Dec 28, 2017 Rapaport News
Dvash with Diamond
Israel Takes Its Cut from 813ct. Constellation
Theleaders of Israel’s diamond trade have been trying hard of late to showcase anddevelop the nation’s prowess in cutting larger stones. It was thereforeunsurprising that the Israel Diamond Institute (IDI) proudly announced inNovember that local...
Mining Dec 13, 2017 Joshua Freedman
Erik Jens ABN Amro
Erik Jens Steps Down as ABN Amro Diamond Chief
ABN Amro’s diamond and jewelry division will become partof its trade-and-commodity finance business under a restructuring that has seenthe Dutch bank appoint a new global head for its precious-stones unit.Geert van Reisen...
Financial-Legal Dec 03, 2017 Rapaport News
Sierra Leone Meya Prosperity 476ct
After Peace, Sierra Leone Set to Sell Prosperity
Koin International will sell the fifth-largest rough diamondin Sierra Leone’s history in a tender, the company said Monday.Meya Mining, which recovered the 476-carat diamond last weekin the nation’s Kono district, has appointed...
Rough Markets Nov 15, 2017 Rapaport News
Andrew Bone RJC Responsible Jewellery Council
RJC, DMCC Sign Social Responsibility Deal
The Responsible Jewellery Council (RJC) and the Dubai Multi CommoditiesCentre (DMCC) have agreed to collaborate to improve corporate socialresponsibility and promote high standards in the jewelry trade.Under the memorandumof understanding, the groups will...
Polished Markets Oct 22, 2017 Rapaport News
Davy Blommaert
UAE Bank Targets Antwerp Diamond Clients
The National Bank of Fujairah (NBF) is planning to open a representative office in Antwerp as it looks to capitalize on the decline in financing to the Belgian city’s diamond sector.“I’ve been pushing for the move for a long time because there’s...
Financial-Legal Oct 18, 2017 Avi Krawitz
Dubai
Dubai Trade Warns Against Diamond Tax
The introduction of value added tax (VAT) on loosediamonds would strongly jeopardize growth opportunities in the United ArabEmirates (UAE), Dubai’s diamond leadership warned on Monday.“The possible cost implications of a VAT introduction forUAE traders are huge,”...
Polished Markets Oct 17, 2017 Avi Krawitz
GIA Career Fair 2013
GIA Opens Applications for $2M of Scholarships
The Gemological Institute of America (GIA) is offering morethan $2 million in scholarships for its 2018 education programs, the laboratorysaid Monday.Scholarships are available for online distance-learningcourses and for classes at the GIA’s campuses in Bangkok, Carlsbad,...
Financial-Legal Aug 02, 2017 Rapaport News
Stephane Fischler
WDC Members to Meet in Dubai
The World Diamond Council (WDC) will hold its 13th annualgeneral meeting in Dubai, the organization said Wednesday.The AGM will feature discussions of industry recommendationsfor the Kimberley Process Certification Scheme (KPCS) review cycle,...
Rough Markets Jul 26, 2017 Rapaport News
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