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updated Thu. February 21, 2019

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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 ...
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 ...
AUSTRALIAN-listed junior, Lucapa Diamond Company, talked up diamond mining prospects in Angola on the back of the success of its Lulo alluvial diamond mine and the pro-foreign investment stance of new president, Joao Lourenco. Since being elected in September last year, Lourenco has embarked ...
“Many laboratory-grown diamond companies describe their diamonds as being green or eco-friendly and use words such as 'greenhouse' or 'foundry' to try and influence opinion. They are also being told that [synthetic] diamonds are real diamonds without the human or environmental impact. This is ...
It had also surveyed the offices of Gitanjali Group — one of the largest diamond companies in India and a listed jewellery retailer promoted by Choksi — in connection with the investigation. Modi, who grew up in Antwerp in Belgium, worked closely with Choksi for about 10 years. A recent entrant to the ...
RAPAPORT... The Bharat Diamond Bourse (BDB) will host its first Indian Diamond Week, featuring 200 to 250 polished-diamond companies, the organization said Monday. The event, which will take place in April in Mumbai, aims to foster connections between global buyers and Indian bourse members.
It will also feature a section devoted to high end diamond jewelry manufactured by Israeli diamond companies. "In recent years many Israeli bourse members have begun to diversify their businesses by offering exclusive lines of diamond jewelry alongside loose stones," the IDE said in a statement.
AHMEDABAD: Are Surat diamantaires copycats or have they indigenously developed a software to cut and polish diamonds? An Israeli firm has questioned the genuineness of a software being used and sold by Surat's diamond companies, claiming that 14 major firms are using pirated software.
Once enough attention was brought upon the practice of buying and selling blood diamonds, gems sourced from a war zone under terrible conditions, diamond companies went into motion to show that their gems come from conflict-free areas. Now industry giant De Beers is going one step further by ...
Buoyed by the last quarter's strong performance, the consolidated diamond mining company is expected to meet the 4,6 million carats target. Meanwhile, to reach that target, diamond companies should invest heavily in conglomerate mining. Chiadzwa diamond fields, which covered approximately 800 000 ...
Global Witness, an international NGO, has reported on links between Zimbabwe's state security and military, and the country's diamond companies, for instance, calling the disappearance of billions of dollars in diamond revenues an “inside job.” Diamonds from the large Marange field in Zimbabwe were ...
Moreover, the event will feature a section devoted to high end diamond jewelry manufactured by Israeli diamond companies, who in addition to loose diamonds now offer top quality jewelry collections. These companies are able to take advantage of Israel's high level of expertise in jewelry making, ...
KGK Diamonds has announced setting up of cutting and polishing unit in Vladivostok in Russia and two more leading diamond companies including M ... "In the absence of a proper tax structure for trading at SNZ, we fear that Indian diamond companies may shift a portion of their business to Russia," said ...
Diamond industry analyst Aniruddha Lidbide told The Times of India that, “The market is in turmoil after two back-to-back loan defaults by diamond companies,” adding, “It is a loan bubble, which has now gone bust. There are many more diamond companies that may follow suit in the coming months; the ...
Surat: The Diamond City of Surat shares a strong connection with Israel when it comes to the sparkling diamonds. In the 80's, the crown of diamond polishing was with Israel. But, fierce competition from Surat's skilled workforce, with its significantly lower labour costs and its fast and easy adaptation to new ...
Buoyed by the last quarter's strong performance, the consolidated diamond mining company is expected to meet the 4,6 million carats target. Meanwhile, to reach that target, diamond companies should invest heavily in conglomerate mining. Chiadzwa diamond fields, which covered approximately 800 000 ...
“Lucapa has differentiated itself from other diamond companies by focusing on the large and premium-value diamond sector, where prices and ...
Surat: Owners of diamond companies from Surat and Mumbai, whose names have been mentioned in the bankruptcy protection filed by Exelco ...
Year to date, however, the shares have lost over 55% of their value, which is in line with what has happened to most diamond companies.
SURAT: All is not well in the Indian diamond industry ahead of the Diwali festival. More than 15 diamond companies in Surat, Mumbai and ...
Surat: More than 15 diamond companies in Surat, Mumbai and Antwerp owned by the Gujarati diamantaires may lose crores of rupees ...
This was done in support of diamond companies as they were struggling under the weight of the Great Depression. Yet the fashion house she ...
27 (Xinhua) -- One of London's top diamond companies announced Tuesday it bought the world's largest rough diamonds, a rare gem the size ...
The Slave Geological Province is known for it's high diamond potential. It's because of this that major diamond companies were among those ...
There are many more diamond companies that may follow suit in the coming months; the situation in the industry is full of uncertainty.”.
LONDON, Sept. 26 (Xinhua) -- One of London's top diamond companies announced Tuesday it bought the world's largest rough diamonds, ...
It's because of this that major diamond companies were among those staking claims. Minister of Industry, Tourism, and Investment, Wally ...
Zimbabwe's Central Intelligence Organization and the military are among the state actors accused of holding stakes in diamond companies ...
Global Witness says it examined the workings of five of the major diamond companies in Zimbabwe, and found they have actively worked to ...
India: Market cautious amid reports of diamond companies in financial distress. Manufacturers reducing polished production to below capacity ...
Media reports indicate that two Indian-owned diamond companies, identified as Interjewels Pvt Ltd. and Ankur Diamonds, have gone bankrupt, ...
Media reports indicate that two Indian-owned diamond companies, identified as Interjewels Pvt Ltd. and Ankur Diamonds, have gone bankrupt, ...


 

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