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Rough diamond
UK Secures Deal to Keep Rough Trade Alive
The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond trade after the nation leaves the European Union.Britain’s decision to withdraw from the EU on January 31 requires the...
Rough Markets Jan 15, 2020 Joshua Freedman
Brexit credit Aha
Brexit Concerns Weigh on UK Jewelers
The weak pound and uncertainty over the UK’s departure fromthe European Union are making it hardfor British jewelers to plan their business activities, dealers said.The currency has declined about 13% since Britain’s...
Financial-Legal Sep 06, 2018 Joshua Freedman
Federica Mogherini Kimberley Process EU
EU Becomes Kimberley Process Chair
The European Union (EU) has taken over the chairmanship ofthe Kimberley Process (KP) for 2018, with Italian politician FedericaMogherini heading the operation.The leadership of the KP switches every year, with Australiataking charge...
Mining Jan 02, 2018 Rapaport News
Alrosa rough sorting
Global Rough Trading Jumps in 2016
Global rough-diamond trading grew last year amid anincrease in average prices, according to data the Kimberley Process (KP)released Tuesday.Worldwide rough imports jumped 15% by value to $48.56billion in 2016, while import volume increased 11% to 380.8...
Rough Markets Jul 05, 2017 Rapaport News
Antwerp Beurs Voor Diamanthandel
Belgium’s Carat Tax Passed into Law
Belgium’s Parliament approved the new Carat Tax that is expectedto increase stability for the trade by making tax bills more predictable.The levy, enshrined into law December 15, will come into effect for...
Financial-Legal Dec 18, 2016 Rapaport News
KP plenary 2016
EU to Chair Kimberley Process in 2018
The Kimberley Process (KP) said the European Union (EU) willbe its chair in 2018, meaning the bloc will serve as vice-chair next year.The EU, which last chaired the KP in 2007, will take overfrom...
Fair Trade Nov 21, 2016 Rapaport News
UK hallmarking
London Bourse 'Well Placed' to Cope With Brexit
The London Diamond Bourse (LDB) said it is in a strongposition to face the post-Brexit storm because of its access to a bondedwarehouse enabling duty-free trading but warned of currency headwinds.A bonded warehouse is a facility overseen by customs authorities where imports...
Polished Markets Jul 04, 2016 Rapaport News
Brexit: Pound's Slump to Hit Jewelry Importers
The U.K.’s National Association of Jewellers (NAJ) warnedthe cost of making and importing jewelry in the country will rise, after thenation voted on Thursday to leave the European Union (EU).Gold surged 4.7 percent on Comex, according...
Financial-Legal Jun 26, 2016 Rapaport News
EU Flag
EU Eyes 2018 Kimberley Process Chairmanship
TheEuropean Union (EU) is bidding for the role of Kimberley Process vice chair in2017, meaning it would assume chairmanship of the organization the followingyear. In a jointproposal made at the KP intersessional meeting in Dubai last week, India wouldserve...
Rough Markets May 30, 2016 Rapaport News
EU Lifts Sanctions on Zimbabwe Mining Development Corp.
Press release: Today the Antwerp World Diamond Centre (AWDC) received noticed from the Federal Public Service Economy that European Union (EU) sanctions on the Zimbabwe Mining Development Corporation (ZMDC) were lifted....
Rough Markets Sep 24, 2013 AWDC
assay office uk
EU Mineral Sourcing Initiative Requires Industry Attention
Press Release: The Birmingham Assay Office issued the following statement: The EU Commission is running a public consultation on so-called “conflict minerals” until June 26, 2013. The Commission will use the results to help it decide...
Financial-Legal Jun 14, 2013 Assay Office
Marange Rough
Global Witness Welcomes Continued EU Sanctions on ZMDC
Global Witness welcomed the European Union's (EU) decision to keep the Zimbabwe Mining Development Corporation (ZMDC) on the list of sanctioned businesses, at least for now. One week ago, the group requested the EU add...
Fair Trade Feb 19, 2013 Jeff Miller
CARE Ratings
Economic Concerns May Hurt India’s Gems & Jewelry Exports
Ongoing global economic uncertainties are expected to impact India’s gems and jewelry sector, with operating margins for diamond cutting projected to remain under pressure, warned Credit Analysis & Research Ltd. (CARE Ratings)....
Polished Markets Dec 28, 2011 Dilipp S Nag
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