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RIO TINTO ALROSA
Indian diamantaires seek pause on rough stones' supplyThe overall gross exports of cut and polished diamonds between April and August of FY24 was $ 7028.31 million - a decline of 30.27% from $1...- Diamond demand may grow like last year: De BeersOn global consumer demand, Oberbeck said the future of diamonds is with millennials and Gen Z.
- Russian major to set up diamond base in IndiaVimadalal said ALROSA has plans to launch its own brand of diamonds for the Indian market to be launched in 2019 or 2020.
- Indian diamond manufacturers look to set up cutting, polishing units in RussiaThe govt has yet to come up with a tax structure to enable diamond traders to directly purchase rough diamonds from the SNZ at Mumbai’s Bha...
- Diamonds a symbol of love and luxury, not traded commodity like gold: Jean-Marc Lieberherr, CEO, DPA"We are talking to couples who are a few years into their journey of marriage focussing on NCCS A, living in metros, Tier-1 and Tier-2 town...
- Diamond traders ask miners to explore mining in IndiaThis is for the first time that the industry has approached diamond miners individually after Rio Tinto announced last year that it would c...
- Note ban takes the sheen off diamond industryDiamond mining companies such as De Beers, ALROSA, Rio Tinto and Dominion Diamond have also not forced Indian processors to lift higher vol...
- IDTC handles more than 3 million carats of rough diamonds in IndiaIndia handles a major chunk of global diamond trade and 70 per cent by value and 80 per cent by volume of global trade is contributed by In...
- Demonetisation hurt diamond clusters in India, traders tread gingerlyDe Beers revenue from rough diamonds declined sequentially to $418 million in the final sales cycle of the year as tighter liquidity in Ind...
- Diamond miners like De Beers, Rio Tinto lower rough diamond prices by 5-7%De Beers, Rio Tinto and ALROSA have lowered rough prices by 5-7% beginning this month, making the sparkling stone attractive for buyers.
- Rio Tinto, De Beers and other global miners to trade on Mumbai’s diamond centreRio Tinto, De Beers and Alrosa are among the major mining companies that have decided to participate in the Indian Diamond Trading Centre.
- Indian diamond industry gears up for global campaign with mining cosRio Tinto, De Beers, Dominion Diamond Corp, Petra Diamonds, etc. have formed an alliance to promote diamonds across the globe.
- Diamond’s losing lustre forces traders to team up with minersFalling sales and squeezing margins have prompted Indian diamond trade to consider teaming up with miners like Rio Tinto, ALROSA and De Bee...
- Diamond traders defer decision to put an embargo on import of rough diamondsThe traders have decided to keep a close watch on the scenario for a month and initiate talks with diamond miners such Rio Tinto, De Beers ...
- Middlemen aren't forever; Indian diamond traders can now interact directly with minersDiamond traders will be able to directly bid and buy from the miners, enabling them to do away with middlemen and save on transaction cost.
- Diamond makers, De beers, Rio look to strengthen advertising to pitch gems to the youngWhat makes a diamond valuable? History shows a slick marketing team and a killer tagline help. Demand for jewelry rose just 1.9 pc from 200...
- Alrosa may enter into contract with Indian traders at Diamond Conference to be attended by PM Modi, Vladimir PutinIf the deal goes through, it will pave the way for the Indian diamond industry to get stones directly from Russia, cutting out the middleme...
- De Beers fighting to restore monopoly; challenges lie aheadSince its inception, De Beers has survived two World Wars, the Great Depression, the break-up of the USSR and the end of apartheid in South...
- Gems & jewellery exports grow 45.8% to $19b in H1The country’s second-largest export earner, gems and jewellery, posted a year-on-year growth of 45.84% to $18.9billion in the first half of...
- India consortium strikes a direct deal with Namibia minerWhile the size of the deal could not be ascertained as Pravin Shankar Pandya, chairman of DIL, was not available for comment, a highly-plac...
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