diamond industry

Surat: Owners of big diamond companies in the world's biggest diamond cutting and polishing centre in Surat are on tenterhooks due to frequent visits by bank officials for audit and stock evaluation post the biggest-ever banking scam in the Punjab National Bank (PNB) involving billionaires Nirav Modi and ...

BDB will give a boost to small and medium size diamond companies which cannot easily participate in gems and jewellery shows organized in the US, China, Hong Kong, Dubai and other parts of the world. The three-day event will purely be a buyers-sellers meet where small and medium companies will ...

Tiffany 4Q sales +9% to $1.3B, disappointing profit -61% to $62M. Smaller and shorter Basel show lacks big-stone buzz, with many diamond companies not attending. Swiss watch recovery continues as Feb. exports +13% to $1.8B. Rough market stable. Alrosa 2017 revenue -12% to $4.7B, profit -41% to ...

Willie David Williams was working as a senior mechanic for the Diamond companies when he injured his back while working on the rig. He had two back surgeries and continues to “suffer back pain and related neurological issues,” the opinion states. His treating physician declared him “totally disabled” ...

Nevertheless, the AWDC admits that the market in Antwerp is “tight” due to financing problems. KBC closed down the Antwerp Diamond Bank three years ago. Since then it has been very difficult for small and medium-sized diamond companies - which are in the majority in the port - to open an account from ...

Willie David Williams was working as a senior mechanic for the Diamond companies when he injured his back while working alone with a large and heavy piece of equipment on the rig. He subsequently had two back surgeries and continues to “suffer back pain and related neurological issues,” the opinion ...

Mobile payment app Mazalit has raised $1.9 million in funding from diamond companies, and aims to begin piloting the technology in the near future. Israel-based MID House of Diamonds, Benma Diamonds, Novel Collection and HND Diamonds are among the new investors in the start-up, founder and ...

Facing slowing global demand for diamond jewellery, diamond companies from around the world are reshaping marketing campaigns to tap a growing pool of independent female spenders in China, the world's second largest economy. Chinese and international players such as Tiffany & Co, Debeers and the Diamond ...

... be betrothed to Shloka, the youngest daughter of Russell Mehta, Managing Director, Rosy Blue India, one of the country's leading diamond companies. ... head of Rosy Blue Diamonds, formerly known as B. Arunkumar & Co., which is now ranked among the top half dozen diamond companies of India.

SURAT: In a major initiative to revive consumer confidence in diamonds and diamond jewellery, Surat-based diamond companies have started investing in blockchain technology to improve traceability of stones through the supply chain. Two Surat-based companies — Dharmanandan Diamonds and Hari ...

“This move by the banks will create huge financial problems for the diamond companies. From years, diamond industry is running on finance from banks and if this is stopped then there will be severe crisis of funds required to purchase rough diamonds from overseas buyers,” Gems and Jewellery Export ...

Around that time, a number of diamond companies started using a certification process to prove to customers that their diamonds were not part of the conflict. But some customers had already started to look for something different that would set their jewelry apart. During the 1920s, many women designed ...

MUMBAI: Nirav Modi's three diamond companies no longer exist at the addresses that he provided to Punjab National Bank (PNB). He had not updated PNB about the change while availing loans. After registering a case, Central Bureau of Investigation (CBI) first searched these premises but didn't find ...

The Israeli government has pledged $284 million (NIS 1 billion) to guarantee bank loans to diamond companies in an effort to ease the trade's severe credit difficulties. A lack of credit is stifling growth, especially among the smaller firms that constitute about 70% of the Israeli trade, according to a special ...

Get-Diamonds is the official online B2B trading platform of the Israeli Diamond Industry. It was introduced in 2016 by the Israel Diamond Institute and the Israel Diamond Exchange to make the stocks of Israeli diamond companies of all sizes accessible to as wide a market as possible. Every member of the ...

In an email reply, De Beers company spokesperson, David Johnson said, “Reports in some media regarding De Beers reducing allocations to Indian diamond companies are misleading. The company has not reduced any allocations as a result of the recently reported banking issues in India. The sales in ...

SURAT: With the country's leading public sector banks facing massive financial turmoil following the multi-crore fraud by billionaire Nirav Modi and Mehul Choksi, diamond mining companies in the world may be at the receiving end in 2018 as far as sale of rough diamonds to Indian diamond companies is ...

It seems the busting of Nirav Modi and Mehul Choksi loan scam has taken the lid off the much deeper problem in the diamond industry. Ever since the Nirav Modi scam came to fore, insolvency proceedings against four diamond companies -- Winsome Diamonds and Jewellery Limited and Forever Precious ...