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DIAMOND MINING NAMIBIA
In 1533, a Portuguese ship loaded with gold, silver and other treasures was heading to India. It was found in Namibia nearly 500 years later by a diamond mining company, but without any trace of its crewA 16th-century Portuguese ship, the Bom Jesus, was found buried beneath Namibian desert sands. This remarkably preserved wreck yielded a va...- De Beers sale: Anglo American picks preferred bidder for companyAnglo American has chosen a consortium led by Gareth Penny as the preferred bidder. This group, known as Global Diamond Consortium, emerged...
- World Diamond Council head says lab-grown gems losing their sparkleLab-grown diamonds are losing their shine. Oversupply has caused prices to crash, impacting consumer trust. Experts believe the lab-grown b...
- Modi's Namibia trip to focus on critical minerals, uraniumPrime Minister Modi's Namibia visit aims to strengthen diamond trade ties, given Namibia's rich marine deposits and existing Indian investm...
- India introduces Diamond Imprest Authorization Scheme to boost exportsThe Diamond Imprest Authorization (DIA) Scheme, effective April 1, 2025, allows duty-free import of natural cut and polished diamonds under...
- India revives initiative for Preferential Trade Agreement with S.African Customs UnionThe Indian side at the dialogue was led by Srikar Reddy, Joint Secretary, Department of Commerce while SACU was led by Amb. Steve Katjiuanj...
- India revives initiative to conclude Preferential Trade Agreement with S African Customs UnionThe two sides conducted a virtual meeting last week to discuss various aspects of the Preferential Trade Agreement.
- Diamantaires weigh shifting manufacturing units abroad as high import duties hit hardColin Shah, vice-chairman of Gem & Jewellery Export Promotion Council, told, “The high import duty of 7.5% on both cut and polished diamond...
- Diamond mines-to-brand firm KGK opens factory in AngolaThe new KGK factory, in partnership with SODIAM, the Angolan state owned company for the trading of diamonds in Angola, incorporates the la...
- De Beers expects India’s diamond demand to pick upConsumer demand fell 2.5 per cent yearon-year in 2017.
- De Beers to invest $140 million for marketing in India, US, ChinaThe increased investment will be focused on generating further consumer demand for diamond jewellery in the leading markets like US, China ...
- Tamil Nadu, Andhra Pradesh sitting on bed of diamonds: ReportIs there a diamond field that runs in a wide swathe under the earth’s crust across Andhra Pradesh and Tamil Nadu? There may well be.
- Nalco now sets sights on Namibia's uranium assetsHindustan Copper and Nalco's joint bid to acquire a copper mine in Namibia has fallen flat after the mine owner decided to withdraw the off...
- Namibia gives India access to 'world's best' uraniumEven as Australia reiterated its inability to sell uranium, India on Monday signed an agreement on civil nuclear cooperation with Namibia.
- India set to get rights to mine Namibian uranium, diamondAs Canberra continues to hold out on supplying uranium to New Delhi, India is actively engaging the African sub-continent to fuel its civil...
- DIL concludes deal of rough diamonds from NDTC, NamibiaDIL currently sources rough diamonds from Alrosa, Russia, as also rough diamonds of Angolan origin. It is in the advanced stage of negotiat...
- Tatas, MMTC plan SPV to buy gold mines overseasIndia’s largest private sector steel maker Tata Steel is forming a special purpose vehicle (SPV) with state-owned MMTC for acquiring gold a...
- Export duty may take shine off diamondsThe world’s largest mining country - South Africa - plans to change the laws governing its diamond sector, including imposition of an expor...
- S Africa's export duty on rough diamonds may hit Indian tradersSouth Africa’s plan to change the laws governing its diamond sector, including the proposed export duty on rough diamonds, has become a maj...
- India seeks cutting edge in diamond tradeA girl’s best friend - diamonds - has found a great pal in the commerce department. To convert India into a global hub for diamond trade, t...
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