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Rough diamonds
India Urges ‘Self-Discipline’ from Rough Buyers
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...
Rough Markets Aug 02, 2020 Rapaport News
Melee polished diamonds being graded and organised
India Extends Import Curbs as Surat Shuts Again
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)...
Polished Markets Jul 01, 2020 Joshua Freedman
India Bharat Diamond Bourse
Exports Restart at India’s Bharat Diamond Bourse
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,...
Polished Markets May 14, 2020 Joshua Freedman
Israel bourse district
Israel Bourse Resumes Certain Services
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...
Polished Markets May 06, 2020 Rapaport News
Rough diamond
India Trade Urged to Freeze Rough Imports
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...
Rough Markets Apr 23, 2020 Rapaport News
IIJS Signature 2020
India Eases Trade’s Financial Burden
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...
Financial-Legal Mar 25, 2020 Rapaport News
Surat
Surat Diamond Manufacturing Shuts Down
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....
Polished Markets Mar 24, 2020 Rapaport News
India GST
Indian Exporters Get Reprieve from Banks
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...
Financial-Legal Mar 19, 2020 Rapaport News
Antwerp Beurs
Antwerp Bans Lab-Grown from Trading Floors
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...
Polished Markets Oct 10, 2019 Joshua Freedman
Israel Diamond Exchange
Synthetics: Coming to a Bourse Near You?
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...
Polished Markets May 14, 2019 Joshua Freedman
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
DMCC GJEPC partnership
DMCC Joins GJEPC’s My KYC Initiative
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,...
Financial-Legal Dec 23, 2018 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
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
HDR Antwerp 150
HRD Antwerp Steps Up India Presence
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...
Polished Markets Apr 01, 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
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
India GJEPC Alrosa memorandum
Alrosa, India Agree to Tighten Relationship
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...
Rough Markets Jun 05, 2017 Rapaport News
Bharat Diamond Bourse
India Focuses on Fighting Fraud
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...
Financial-Legal Jan 05, 2017 Joshua Freedman
Okavango
Okavango to Hold Rough Viewings in Mumbai in July
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...
Rough Markets Mar 07, 2016 Rapaport News
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