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Hennig Announces September Tender Of Catoca Rough In Antwerp

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I. Hennig Tenders has announced that it will be tendering an original run-of-mine offering of over 250,000 carats from Angola’s Catoca mine. The Tender will be held in Antwerp between September 20-28, and viewings are by appointment only. Commenting on the upcoming tender, I. Hennig Tenders CEO David Kuchler said, “We are excited to offer […]

UAE Jewellers Hope Planned VAT Will Only Be Levied On Fabrication Cost

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There is still some uncertainty in the United Arab Emirates (UAE) about how the government there will levy the planned 5 percent value added tax (VAT) on jewellery. While some stakeholders think it will be on the total value of the piece, others are hoping that the levy will be imposed only on the fabrication […]

ALROSA Calls For Independent Review Of Fatal Mir Mine Accident

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ALROSA’s board has called for an independent auditor to assess the causes of the water ingress into its Mir underground mine on August 4 this year, that took the lives of eight of its miners. SRK Consulting and DMT group have been shortlisted among possible candidates for the audit, which will look at the design […]

WFDB Young Diamantaires To Discuss Blockchain Tech At Hong Kong Meet

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The World Federation of DiamondBourses (WFDB) will hold the next meeting of its Young Diamantaires group at the September edition of the Hong Kong Jewellery and Gem Fair. The meeting will feature a special session on the benefits that blockchain technology can bring diamond and jewellery businesses. WFDB Promotion Committee Chairman Rami Baron, who created […]

De Beers Marketing Increase Will Lift Global Industry: WFDB President

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The global diamond and jewellery industries will benefit from the decision announced by De Beers on Tuesday to increase its marketing spending this year to $140 million, said World Federation of Diamond Bourses (WFDB) President Ernie Blom. Although De Beers intends to spend most of the money on its own brands, Forevermark and De Beers […]

Jewellery, Watch Sales Lead Hong Kong July Retail Recovery

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Jewellery, watch and other luxury goods sales in Hong Kong grew 12.9 percent in July, helping overall retail sales grow 4 percent to $4.6 billion (HK$36 billion). This is the fifth consecutive month that retail sales have grown. The growth is surprising given that tourist arrivals from mainland China fell 3.4 percent in June (July […]

ALROSA To Sell Own Manufactured Polished At Sept. Hong Kong Fair

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Russian state-controlled diamond miner ALROSA’s cutting and polishing division DIAMONDS ALROSA has announced that it will auction its own polished diamonds during the Hong Kong Jewellery & Gem Fair in September. There will be two auctions, one for large sizes and fancy colours and the second for small goods and browns. The first auction will […]

$8 Garage-Sale Ring Now Estimated In Bonhams Auction At Up To $30,000

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While a 16.9-carat step-cut diamond ring estimated at between $1.6- and $2.2 million will headline the Bonhams New York fine jewellery sale this September, one of the 180 lots going under the hammer that has caught the public eye is an $8 brooch bought at a garage sale, that now carries a pre-auction estimate of […]

Expanded Sarine System Will Provide 4Cs Grading, Synthetic Detection

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Diamond processing industry technology provider Sarine Technologies Ltd announced that it is expanding the Sarine Profile platform with the option to include the world’s first automated 4Cs grading and diamond verification services. Automated 4Cs grading will be based on the soon-to-be-released Sarine Clarity and Sarine Color devices along with the already operational DiaMension cut grading […]

GST Intelligence Wing To Monitor G&J Industry For Money Laundering

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The Indian government said in an official notification that the newly created Directorate General of Goods and Service Tax Intelligence (the reconfigured intelligence arm of the Excise department), will be the regulator dealing with money laundering cases in the gems and jewellery sector. The government had, in an earlier notification, said that any dealer in […]

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