SSEF launches GemTrack™ to help define origin of polished gemstones

Author: unknown - Published 26-02-2019 13:41
The Swiss Gemmological Institute SSEF has announced the launch today of GemTrack™, a new service providing expert scientific opinion linking a cut gemstone to the rough stone from which it originated, thus enabling gemmologically the documentation of part of the stone's journey from mine to market.

Compulsory hallmarking of gold jewellery to kick in soon

Author: unknown - Published 23-02-2019 14:54
Jewellery buyers might have reason to cheer with compulsory hallmarking of gold ornaments and artefacts likely to be introduced soon. Currently , hallmarking is voluntary.

Rapaport Weekly Market Comment

Author: unknown - Published 21-02-2019 14:59
Rising expectations for Hong Kong show (Feb. 26), with hope that Chinese buyers will resume bulk orders following 2018 slowdown. Dealers uncertain about prices. Suppliers taking a lot of goods to the show. Top-make RapSpec A2+ seeing steady demand and short supply. Rough market cautious ahead of De Beers sight, as manufacturers are squeezed by high rough prices and inflated polished inventory. De Beers 2018 revenue +4% to $6.1B, earnings -34% to $349M, average price +6% to $171/ct. Petra Diamonds appoints Richard Duffy as CEO, 1H revenue +8% to $207M, loss of $58M vs. loss of $118M the previous year. India Jan. polished exports -16% to $1.7B, rough imports -40% to $858M.

34ct. Yellow Diamond Sells for $520K

Author: unknown - Published 21-02-2019 14:56
The old-mine-cut, 34.28-carat, fancy-light-yellow, VS2-clarity diamond ring, set in platinum and white gold, was the lead item at the Clars Auction Gallery sale in Oakland, California. It realized $15,155 per carat, according to Rapaport calculations.

Gold prices surge today but silver rates fall

Author: unknown - Published 21-02-2019 14:53
Increased buying from local jewellers sent gold prices sharply higher today. Gold prices today rose ₹360 to ₹34,830 per 10 gram at the bullion market, Press Trust of India reported, citing All India Sarafa Association. Silver rates, however, fell by ₹140 to ₹41,660 per kg on decreased offtake by industrial units.

Lucapa Uncovers a Huge 128-Carats Diamond at Lulo

Author: unknown - Published 21-02-2019 14:01
Lucapa Diamond Company has uncovered a 128 carat diamond from the Lulo alluvial mine in Angola. According to the miner, it is the 12th +100 carat diamond recovered to date from Lulo.

Gem Diamonds’ Letšeng Mine Yields 13ct. Pink

Author: unknown - Published 20-02-2019 14:03
The type I diamond was unearthed earlier this month at its Letšeng mine, and is the first stone above 10.8 carats the company has reported this year. It is the largest pink diamond the miner has recovered since 2011, when it retrieved a 30.68-carat stone. In December it found a pink stone weighing 8.53 carats.

India Pavilion set to sparkle at Qatar Show

Author: unknown - Published 15-02-2019 18:37
For the first time ever, the Gem & Jewellery Export Promotion Council (GJEPC) is organising an India Pavilion at the upcoming 16th edition of “Qatar Show” (previously known as the Doha Jewellery and Watches Exhibition) to be held from February 20-25 at the Doha Exhibition and Convention Centre (DECC).
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