News
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Surat’s diamond trade regains sparkle
- November 16, 2020
- Posted by: adminz
- Category: News
No CommentsDiamantaires cut short workers’ Diwali vacation as orders pile up India’s diamond trade is getting closer to its pre-Covid sparkle, thanks to the renewed demand from the United States and Europe, which together account for nearly half of our polished diamond exports of about ₹1.32-lakh crore. The diamond exporters from Surat and Mumbai are seeing signs
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Mines Ministry determined to deal with hurdles in the Mining sector
- November 16, 2020
- Posted by: adminz
- Category: News
The Mines Ministry has promised to deal with all hurdles in the mining sector that limits progress and growth for miners and the country’s economy. Speaking at the 2021 pre-budget expectations of the mining sector in Zimbabwe held at Crown Plaza, the Chairman of the Mines Committee Portfolio, Honorable Mkaratigwa said the Mines ministry is
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Rare, precious diamonds revealed in Mat South
- November 11, 2020
- Posted by: adminz
- Category: News
Extensive resource definition and quantification works being undertaken by Russian firm, Alrosa, at the Malipati Diamond Project in Matabeleland South, have revealed a rare and high value species of diamonds that have potential to change the face of Zimbabwe’s gem industry. Alrosa, the Russian diamond behemoth, is the world’s largest gem miner with an annual
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“Blitz of Prices Rises” for Some Diamonds
- November 4, 2020
- Posted by: adminz
- Category: News
October saw price rises among smaller fancies and round diamonds. According to the IDEX Price Report, published by IDEX Online, October saw “a blitz of price rises among smaller fancies (0.23-0.44 carats) and some positive movement among 0.45-0.69-carat” diamonds. The report states that, while there was a rise in demand for these “smaller, less costly
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India’s gem and jewellery industry getting back on track
- November 4, 2020
- Posted by: adminz
- Category: News
Image credit: Star Rays By July 2020, the COVID-19 pandemic had reached a rather alarming stage in India. And, not surprisingly Surat, the biggest diamond cutting centre of India was badly hit too. So, the city saw a massive exodus of diamond industry workers leaving the city in large numbers. This eventually left most
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Antwerp’s diamond industry remains operational
- November 4, 2020
- Posted by: adminz
- Category: News
As restrictions to combat a second wave of the COVID-19 pandemic tighten in countries across the globe, Antwerp continues to be operational, a communication from the Antwerp World Diamond Centre (AWDC) which was sent to the local trade community states. Last Sunday, Belgium’s Federal government, following other countries across the globe, announced new measures to
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ZCDC working on diamond value addition plan
- November 4, 2020
- Posted by: adminz
- Category: News
ZCDC Chief Executive Officer Mr Mark Mabhudhu An ambitious plan to ensure Zimbabwe generates more revenue from diamonds through value addition and beneficiation, has been set in motion while a massive global marketing of the gems will also be pursued from next year. Critically, revenue from the sale of diamonds will be channeled towards
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US$12bn mining industry achievable
- November 4, 2020
- Posted by: adminz
- Category: News
Minister of Mines and Mining Development Hon. Winston Chitando WHEN President Emmerson Mnangagwa in October last year launched a roadmap to achieve a US$12 billion mining industry by 2023 most people and economic analysts dismissed it as a highly ambitious statement of intent. The roadmap was described as hollow on how such an ambitious
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A ring with 7,801 diamonds sets new World Record
- November 2, 2020
- Posted by: adminz
- Category: News
The design is based on a rare Himalayan flower and has 46 “petals” of diamonds A super lavish ring, aptly named “The Divine”, now holds the new Guinness World Record for most diamonds set in one ring. The ring, set with 7,801 diamonds, will be auctioned in the future, according to IDEX Online. The
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Alrosa combines cutting and polishing into a single framework
- October 27, 2020
- Posted by: adminz
- Category: News
Alrosa plans to integrate all its facilities to a new production framework in 2021. Russian mining giant Alrosa has begun to combine its cutting and polishing facilities into a “single production framework”, according to a press release. To date, Alrosa has three cutting and polishing facilities across the country, all together responsible for more than