Industry News

October 13, 2019

Since 1998, the rough diamonds mined in India were up for display for auction between September 24 and 27 by state-run National Mineral Development Corporation (NDMC) in association with Gems & Jewellery Export Promotion Council (GJEPC) garnered $ 1037.89 mln. As per m...

September 18, 2019

The Surat International Diatrade Centre (SIDC), a new diamond viewing facility set up by The Gem & Jewellery Export Promotion Council (GJEPC) in Surat will host a viewing /inspection from September 24-27, 2019.


Approximately 24,300 carats of rough diamonds from the Pan...

September 4, 2019

KGK DV, a subsidiary of the Indian diamond company KGK Group LLC, intends to invest about 1.5 billion rubles in the creation of a diamond center in Vladivostok. The center will be created on the basis of an existing diamond factory, Interfax reports. 


It said that acco...

September 4, 2019

Export of polished lab-grown diamonds has seen an increase by 94 per cent between April and July 2019, pointing to the shift by diamantaires in the world’s largest diamond cutting and polishing centre in Surat to manufacturing of lab-grown diamonds.

According to data pu...

September 1, 2019

India and Russia are looking beyond energy and military hardware to expand their time-tested strategic ties with cross-investments into diamond cutting and polishing business, mining, dairy farming, pulp industry as well as tourism and hospitality business, and Russian...

August 28, 2019

The Times of India (ToI) reported that India's diamond cutting and polishing industry will be deferring purchases of about $2 billion as it is currently sitting on roughly $10 billion worth of rough stocks. ToI said that the purchase of rough stones by diamantaires of...

August 25, 2019

The Bunder diamond project in Madhya Pradesh (MP), India with an estimated 34.20 million carat diamond deposits in Chhatarpur may be revived, according to a report in TOI.


After the project was abandoned by Rio Tinto in 2017,  conglomerates like Adani and Vedanta and o...

August 21, 2019

The diamond company Forevermark is betting on India. The company believes that the India's middle-class consumptionis key to its success in what is thought to becom  the second largest consumer market for diamond jewelry.

Talking to Moneycontrol, Sachin Jain,...

August 21, 2019

Rough diamonds from mines in Panna district of Madhya Pradesh in India could soon be auctioned in Surat. A team from the National Mineral Development Corporation of the Government of India, which runs the mines in Madhya Pradesh, is expected to come to Surat on August...

July 24, 2019

India’s Supreme Court-monitored committee has asked the National Mineral Development Corporation (NMDC) to prepare a closure plan for the diamond mine in India’s Madhya Pradesh Panna Tiger Reserve (PTR) by the end of September 2019 so that it can be shut by June 2020.

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