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Sales 20 polished diamonds with total weight of 140.4 carats for US$3mn Alrosa, a global leader in diamond mining, summed up the results of the tender for polished diamonds, which was held in New York this June. The company's cutting division - Diamonds of Alrosa organized the tender. The company sold 20 polished diamonds with total weight of 140.4 carats. That amount included 8 gemstones of standard color and 12 fancy colored polished diamonds, most of them had Fancy Yellow and Fancy Intense Yellow characteristics. The overall revenue amounted to $3 mln. There were 29 participants from several countries at the tender, and 11 firms were recognized as winners in different tender positions. “The polished diamond tender in New York was very successful, despite the traditionally quiet summer season and the falling market as a whole.  White and fancy polished diamonds were equally in good demand. In addition to retailers from the US, the world's largest ma

The group partnership with IIG in India DFC diamond education course in India De Beers Group Institute of Diamonds is pleased to announce that it is partnering with the International Institute of Gemology in India (IIG) to deliver diamond education courses throughout India. The IIG has been operating for more than 50 years and is recognised as a leader in gemology and in diamond and jewellery education in India. Jodine Perrin, Director of Education, De Beers Group Institute of Diamonds, said: “As the major player in the global diamond cutting and polishing industry, India is an area of increased focus for us. We recognise the need for new partnerships that bring education directly to students across large geographical areas, making education accessible and reducing the time and costs involved to businesses in staff training.” The partnership will initially launch with a focus on the De Beers Group online Diamond Foundation Course (DFC), which teaches students a

Estimating Trends for Gold Market in 2022! Transforming India’s gold market Now it is true that Narendra Modi is returning to PMO with a huge of the majority. Body language of Narendra Modi had indicated that he would be quite ready with the priorities list for first 100 days & bureaucrats are inking in order. The Modi Government 2.0 has a clear idea for gem & jewellery industry & trade. They have enough working & report and committed to transform gold market India! Indeed it is a worst part for industry & trade that they suffer a lot in the absence of adequate gold policy. Recognizing the criticality and untapped potential of the gold market for providing a stimulus to exports, economic growth and employment, a Committee on ‘Transforming India’s Gold Market’ was constituted by NITI Aayog under Chairmanship of Ratan P. Watal. The committee formulated to recommend measures for Transforming the Gold Market Ecosystem in the country. The Commit