Polished – wholesale and manufacturing

VAT On Jewelry In UAE And GST in India To Be Major Panel Debate at Dubai Conference

An an in-depth discussion on “The introduction of Goods and Services Tax (GST) on wholesale diamond trading” will be held at the Dubai Diamond Exchange (DDE) on October 17 as part of Day 2 of the Dubai Diamond Conference.

The moderators will be DDE Chairman Peter Meeus and former De Beers executive Tim Dabson. The subject has caused widespread industry debate in India and the UAE.

Dubai Diamond Conference to Debate Diamonds And Millennial Buyer Trends

The Dubai Diamond Exchange (DDE), a DMCC (Dubai Multi Commodities Centre) platform, is all set to tackle the debate on ‘How diamonds fit in the new era of millennials’ with moderators Dr T.B. (Mac) McClelland Jr., President & CEO - Middle East, The Luxury Marketing Council; and Tim Dabson, Former De Beers Executive at the helm.

IIDGR Launches SYNTHdetect To Give Retailers Synthetic Detection Confidence

De Beers' International Institute of Diamond Grading and Research (IIDGR) unit has launched what it says is the industry’s first synthetic screening device for set jewelry, with the SYNTHdetect machine now available for delivery.

Israel Diamond Exchange's Tender Center to Host Sale of Rough From Letseng

The Israel Diamond Exchange (IDE) International Tender Center (ITC) will hold Gem Diamonds’ first tender of high-quality Letšeng productionoutside of Antwerp.

The lots will include large, high-value rough diamonds (+10.80 carat) from the Letšeng mine in Lesotho.

Viewing of the stones will take place at the ITC in the Israel bourse from October 15 - 18, with additional viewing in Antwerp from October 23 - November 2.

Christie’s to Offer 'Jonker No. 5 Diamond' at Hong Kong Spring Auction

Christie’s in Hong Kong will be offering the Jonker No. 5 diamond and an emerald and diamond ‘Palmette’ necklace at its Spring auction on May 30.

The Jonker No. 5 diamond is part of a collection of diamonds from the  726-carat Jonker rough stone discovered by Jacob Jonker.

Israel's International Tender Center to Host Three I. Hennig Rough Tenders

I. Hennig Tenders will hold three rough diamond tenders at the Israel Diamond Exchange (IDE) International Tender Center from March 13-16.

Mark Gershburg Leaving U.S. Kimberley Process Authority

Mark Gershburg, the CEO and founder of Gemological Science International (GSI), has announced that he will no longer be a director of the U.S. Kimberley Process Authority (USKPA).

The USKPA is a trade association that works closely with the U.S. government to prevent the infiltration of conflict diamonds into legitimate trade.

Gershburg has spent over a decade as one of the three directors of the USPKPA, and said he was proud to have taken part in the global fight against illegal diamonds.

Alrosa President Andrey Zharkov to Take Part in Israel’s International Diamond Week

Andrey Zharkov, the Alrosa President, will be a guest of honor of the International Diamond Week in Israel (IDWI) being held February 13-16, 2017, at the Israel Diamond Exchange (IDE.)

The visit is also timed to coincide with the opening of the IDE International Tender Center, which will house tenders of rough and polished diamonds by major rough producers and diamond traders, the IDE said.

Demonetization Hits Post-Diwali Holiday Return With 20,000 Jobless Surat Diamond Employees

More than 20,000 diamond workers from small diamond plants are jobless as their employers have not reopened their businesses following the Diwali vacation due to the effects of demonetization, The Times of India reported.

The government's decision in November to take banknotes of 500 and 1,000 rupees out of circulation in the fight against corruption and money-laundering has battered the diamond and jewelry industries where most transactions are in cash.

Israel Posts Sharp Drop in Polished Diamond Exports in First Half of 2016

Israel reported a strong decline in polished diamond exports for the first half of 2016 - dropping 14 percent on the year to $2.61 billion - according to official figures.

Exports to Israel’s largest market, the U.S., fell 15 percent, and to its second-biggest market, Hong Kong, by 26 percent. Dealers said trading has been very difficult this year with worldwide demand declining and Israel struggling to keep its place in the market.

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