UAE jewellers absorb VAT on diamond jewellery

Author: Manoj Nair - Published 04-01-2018 16:51 - ( Reads)
Putting off your diamond jewellery purchase because of value-added tax (VAT)? Don’t, as more of UAE’s jewellers are willing to absorb the VAT component on diamonds.


Author: Paul Zimnisky - Published 04-01-2018 13:37 - ( Reads)
Through mid-December 2017, rough diamond prices are up 2.7%* year-to-date, while polished prices are down 3.5%**. However, despite shrinking manufacturer margins, the midstream segment of the industry still bought $5.3B worth of diamonds from De Beers this year, including $450M at the final sight which was 7% over the comparable sight last year and 81% over 2015.

Titan Sales Rise over Indian Festivals

Author: unknown - Published 04-01-2018 03:39 - ( Reads)
Titan Company’s jewelry sales grew by a “double-digit” percentage during India’s September and October festivals, the retailer said.

Indian jewellery stolen from Qatari royal collection in Venice

Author: unknown - Published 03-01-2018 22:16 - ( Reads)
Thieves have made off with several items of Indian maharajahs’ treasures owned by a member of the Qatari royal family after an audacious heist at the Doge’s Palace in Venice, police have said.

Mountain Province Diamonds Results of Tenth Diamond Sale

Author: unknown - Published 03-01-2018 20:37 - ( Reads)
Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces the results of its recently completed tenth diamond sale.

The results of the tenth sale, with preceding sale results for comparative context, are summarized as follows:

Botswana’s Rough Exports Drop

Author: unknown - Published 03-01-2018 10:40 - ( Reads)
Botswana’s rough-diamond exports declined 14% to $3.48 billion in 2017, according to data released by the Bank of Botswana.

Graff Pays $16.5 Million for 476-Carat Meya Prosperity Diamond From Sierra Leone

Author: Roberta Naas - Published 01-01-2018 07:36 - ( Reads)
Just before the close of 2017, Graff, a leader in the diamond business since 1960, acquired a 476-carat rough diamond, named The Meya Prosperity Diamond, that was mined in Sierra Leone, for $16.5 million. It is another in a long line of extraordinary diamond acquis..

Gold Heading For Best Year Since 2010

Author: unknown - Published 29-12-2017 11:08 - ( Reads)
Gold prices inched up on Friday to one-month highs and were on track for their best year since 2010, driven higher over the past 12 months mainly by a weaker dollar and safe-haven buying prompted by global political uncertainties. Spot gold was up 0.1 percent at $1,295.36 an ounce at 8.40 am, having hit its highest since November 29 at $1,296.26. US gold futures were steady at $1,297.80 an ounce. Gold, which is also on track for its best month since August, has benefited from technically-driven momentum as well as the dollar downtrend, analysts said.

ALROSA receives first diamonds from Verkhne-Munskoe deposit

Author: unknown - Published 29-12-2017 09:48 - ( Reads)
In December, ALROSA's Udachny Mining and Processing Division completed the removal of 75 tons of diamondiferous ore from Verkhnyaya Muna for the trial processing at Processing Plant No. 12 and recovered first diamonds from Verkhne-Munskoe deposit. The development of processing technology is required to prepare for commercial launch of the deposit scheduled for 2018.

Gold prices turn weak on muted demand, silver remains up

Author: unknown - Published 29-12-2017 04:02 - ( Reads)
Gold prices softened by Rs25 to Rs30,225 per 10 grams on Friday, halting its five-day long winning run, owing to slackened demand from local jewellers at prevailing levels even as the metal strengthened overseas.
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