Indian gold coins and medallions exports spike amid gem and jewellery trade decline - GJEPC

India's Gem & Jewellery Export Promotion Council (GJEPC) summed up the results of October sales and, in general, the last seven months - from April to October.

Yesterday

Endiama: Catóca considering going underground

Angolan state-owned diamond miner, Endiama says its 41%-owned Catóca mine is thinking about expansion underground, according to the company director of mining operations and joint venture management Miguel Vemba.

Yesterday

Diamonds now contribute 5.5% of UAE non-oil trade

Diamonds are now contributing 5.5% of the United Arab Emirates non-oil trade, according to a senior government official.

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Russian jewelry market volume amounts to 312 billion rubles in January-September 2024

According to the SOKOLOV Analytical Center, in the first 9 months of 2024, the Russian jewelry market grew by reached 26.3% compared to the same period last year to 312 billion rubles ($3.16 billion).

Yesterday

Interaction between business and indigenous peoples discussed at COP 29 conference

At the UN Climate Conference (COP 29) taking place in Baku, international experts discussed the issues of interaction between businesses and indigenous peoples.

12 november 2024

Low Hong Kong Turnout Dampens Optimism

14 march 2018
(Rapaport) - The March Hong Kong show closed on Monday with dealers disappointed in the number of buyers that attended, even as they remain satisfied with the recent improvement in Far East demand. “Sentiment is positive, and buyers adapted to higher price levels that emerged in the past few months,” said one Israel-based diamantaire who requested anonymity. Many noted that trading before the show was better than during the event as wholesalers and retailers needed stock for the Chinese New Year, which started on February 16. Diamond exhibitors therefore came to the show with high expectations after recording good sales from November through February. Polished diamond prices firmed, with the RapNet Diamond Index (RAPI™) for 1-carat diamonds rising 2.9% in the first two months of 2018. However, participants’ hopes diminished following low buyer turnout from mainland China. Chinese clients were still on vacation as the show was too close to the New Year Lunar festival, dealers noted.