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Sands Expo
Video: Vegas Show Sees Light Traffic
The JCK Las Vegas show ended Monday, with participants notinga decline in buyer traffic and exhibitors at this year’s event. Sentiment amongdiamond suppliers was relatively weak, as buyers were conservative, and overalldealer trading...
Polished Markets Jun 04, 2019 Avi Krawitz
Asian Star Floating Lights 150
Asian Star Full-Year Profit Rises
Profit at Asian Star, a Mumbai-based diamond manufacturer, grew 6% to INR 1.16 billion ($16.7 million) in thepast fiscal year, as lowerexpenses compensated for a decline in sales.Revenue, including at subsidiaries, dropped7% to INR 39.13 billion ($524.6 million) for the...
Manufacturing May 27, 2019 Rapaport News
Bharat Diamond Bourse
India Cracks Down on Bankrupt Diamantaires
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...
Financial-Legal Jan 14, 2019 Rapaport News
Bharat Diamond Bourse
Mumbai Exchange Mulls Lifting Synthetics Ban
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...
Polished Markets Nov 15, 2018 Joshua Freedman
Lin Qiang
WFDB Names Shanghai Bourse Chief as VP
Lin Qiang has succeeded Yoram Dvash as vice president ofthe World Federation of Diamond Bourses (WFDB), with the latter taking on a newrole as head of a strategic body.Qiang has served as president of the Shanghai Diamond Exchangesince its...
Polished Markets Nov 01, 2018 Rapaport News
Shrenuj
ICICI Bank Sues Shrenuj Executives
The New York branch of India’s ICICI Bank has sued 11executives of diamond manufacturer Shrenuj & Co. and its associatedcompanies, alleging they engaged in fraudulent transactions. The defendants induced ICICI to extend loans to Mumbai-basedShrenuj’s...
Financial-Legal Oct 22, 2018 Rapaport News
IIJS 600
Weak Rupee Raises Hopes for Indian Exports
A weaker rupee againstthe US dollar has helped boost exports to leading markets such as the US andChina, attendees at the India International Jewellery Show (IIJS) reported. “The jewelry anddiamond and colored-gemstone business is flourishing,” Gaetano Cavalieri,president...
Mining Aug 13, 2018 David Brough
IIG 150
Mumbai Gem Center Rebrands as IIG
India-based Shreeji Rajendra Diamond Classes(SRDC) has changed its name to the InternationalInstitute of Gemology (IIG), reflecting the global focus of its educationalcourses, it said last week. The gemological center also inaugurated itsnew Panchratna Building...
Polished Markets Jul 24, 2018 Rapaport News
Synova 150
Synova Opens Cutting Center in Mumbai
Technology group Synova has opened a new diamond-sawingcenter in Mumbai, the company said recently. The hub — the Swiss manufacturer’s second in India —will provide laser-sawing services, stone analyses and machine demonstrations,which will speed...
Rough Markets Jun 05, 2018 Rapaport News
Sarine 150
Sarine Opens Tech Lab in Mumbai
Sarine Technologies has opened its second laboratory, offeringa full range of grading and documentation services. The new Mumbai facility follows the opening of the company’s first labin Ramat Gan, Israel, earlier this...
Technology May 31, 2018 Rapaport News
Asian Star 150
Asian Star Sees Revenue and Profit Soar
Revenue and profit grew sharply in the past fiscal year atAsian Star, a Mumbai-based diamond manufacturer, the company reported. Revenue increased 12% to $580.2 million (INR 39.13 billion)for the 12 months that ended March...
Retail May 30, 2018 Rapaport News
alrosa mumbai 150
Alrosa Moves to Strengthen India Base
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...
Mining Apr 22, 2018 Rapaport News
Diamonds1
IGI Launches Synthetics Screening Center
The International Gemological Institute (IGI) will open anew screening facility for detecting laboratory-grown stones at the SantacruzElectronic Export Processing Zone (SEEPZ) in Mumbai, the grading organization said Tuesday. The center — which IGI...
Polished Markets Mar 21, 2018 Rapaport News
New Diamond Bourse Set for Surat 150
New Diamond Bourse in the Works for Surat
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...
Rough Markets Feb 21, 2018 Rapaport News
GJEPC to Build Jewelry Park in Mumbai 150
Mumbai to Get New Jewelry Complex
The Gem & Jewellery Export Promotion Council (GJEPC) isplanning to build India’s largest jewelry park over the next few years. The council signed a memorandum of understanding with the Maharashtra Industrial Development Corporation...
Retail Feb 20, 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
India Diamond Week Launches 150
Indian Bourse to Hold First Diamond Week
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...
Rough Markets Jan 30, 2018 Rapaport News
Alrosa to Open India Office 150
Alrosa to Open India Office
Alrosa plans to launch a representative office in Mumbai inMarch, appointing former Rio Tinto and Swarovski executive Jim Vimadalal tolead the operation. The base will focus on relationships with the Indian market,rather than engaging...
Mining Jan 25, 2018 Rapaport News
Diamond Polisher Surat India 150
GJEPC: Raid Shows Problem with Tax Policy
India’s Gem & Jewellery Export Promotion Council (GJEPC)has called for clearer tax rules, an official said, after authorities raided diamond couriers whowere transporting finished goods back to their owners in Mumbai on Saturday.The preventive...
Polished Markets Jan 09, 2018 Leah Meirovich
Mark Boston
Industry Mourns Diamond Broker Mark Boston
Mark Boston, a much-loved rough-diamond broker credited withdriving forward India’s cutting industry, died last Monday at the age of 71.He passed away at Royal Trinity Hospice in London, havingdecided to stop treatment last month after an 11-year...
Rough Markets Nov 19, 2017 Rapaport News
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