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Archive for February 26th, 2013

News In Short

Tuesday, February 26th, 2013

The Gem and Jewellery Export Promotion Council’s sixth edition of the IIJS Signature unfolded on February 22, 2013, in Mumbai. It will conclude on February 25.

“KISNA” VVS real diamond Jewelry, a leading Indian brand of diamond jewellery has undergone shifting of its new head office at “The Capital” at Bandra Kurla Complex, Mumbai, on 13 February 2013.

Jewellery worth between 1 million to 3 million euros was robbed from the De Beers counter at the Printemps department store in Paris, reports say. Reports add that two unmasked men wearing wigs, and carrying handguns and shielded with bullet proof vests made their way into the store and headed to the De Beers counter on the first floor of the store.

Rio Tinto Diamonds plans to implement a number of initiatives throughout the year aimed at promoting fashion diamond jewellery in the US and continuing to educate consumers on the versatility and affordability of jewellery created using Argyle diamonds from the remote East Kimberley region of Australia.

At the close of six months ending December 31, 2012, BHP Billiton noted a 44 percent drop in its revenue from its diamond operations, which valued $199 million. Underlying earnings ‎before interest and tax dropped to a deficit of $37 million (the same stood in profit worth $120 million in the corresponding six months last year). Diamond production decreased 35 ‎percent to 608,000 carats. The company owns 80 percent stake in the Ekati diamond mine, which it has agreed to sell to Harry Winston Diamond Corporation. Net operating assets of the diamond division valued t $487 million (the same was $815 million in the corresponding six months of last year). The group revenue decreased 14 percent to $32.2 billion.

Mila KunisGemfields, the world’s leading coloured gemstone producer, has signed on Mila Kunis as its new brand ambassador and the face of its latest advertising campaign. Mila was chosen for her natural beauty, versatility, intelligence and love of rare coloured gems. “As a company we are passionate about color and fully committed to ethics, transparency and the sustainable development of the communities in which we operate, and finding the right partner who shares these values was vitally important,” said Gemfields CEO Ian Harebottle. “Mila has blown me away with her energy, enthusiasm and dedication.”

A Task Group report with the purpose of making India an international trading destination for rough diamonds was unveiled by Shri. Anand Sharma, Hon’ble Minister of Commerce, The task group on diamonds comprising members from the Indian Government and Industry was constituted by the Minister of Commerce, Industries and Textiles under the Chairmanship of Director General of Foreign Trade, Dr.Anup K. Pujari, keeping in view the slump in India’s diamond exports through the last few quarters.

Sotheby’s London will offer a private collection of Fine Travel and Plate Books in its auction slated 28th February 2013. The 142 lots are expected to raise in excess of £1.5 million.

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