Gem Diamonds Limited announces the recovery of high quality 101 carat and 71 carat white Type IIa diamonds, both recovered within a twenty four hour period, from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. The recovery of the 101 carat diamond brings the total recoveries at Letšeng to a record fourteen diamonds of over 100 carats during 2018
The country’s biggest and most eagerly awaited gems and jewellery awards are back. National Jewellery Awards (NJA) 2018, an initiative by All India Gem and Jewellery Domestic Council (GJC), has started their nomination process for the awards for the year 2018. The awards are to honour the rich Indian artistic, creative designs in the gems and jewellery industry and the business & marketing acumen of the jewellery manufacturers, wholesalers and retailers of India.
Dealers in India, the world's second biggest gold consumer after China, were offering discounts of up to $1.5 an ounce over official domestic prices, the lowest since the second week of December, as against $4 discounts last week. The domestic price includes a 10 percent import tax.
Demand improved as jewellers made purchases for next week's exhibition, said Mukesh Kothari, director at bullion dealer RiddiSiddhi Bullions in Mumbai, referring to the India International Jewellery Show that kicks off in India's financial capital on Sunday.
Union Minister of Commerce &Industry and Civil Aviation, Suresh Prabhu, said that the Ministry is examining the proposal to set up trade promotion bodies in 15 countries to promote exports of SMEs from India. Suresh Prabhu was speaking at the inaugural session of the 15th Global SME Business Summit in New Delhi.