Page 2 - Diamond
Cash is still king, for now: Diamond sale dims cryptocurrency hopes
A 101.38-carat diamond was sold by Sotheby's for HK$95.1 million ($12.3 million) to an unknown buyer using traditional currency, disappointing cryptocurrency fans
 "Cash is still king, for now: Diamond sale dims cryptocurrency hopes")
Miner finds a rare 442-carat diamond that may be worth $18 million
Given the rarity of such large stones, demand for big diamonds has traditionally been resilient, even at times when the wider industry has struggled
 "Miner finds a rare 442-carat diamond that may be worth $18 million")
Lab-grown diamonds a rage in China and the West, but trend eludes India
With global natural diamond supplies predicted to start declining from this year, LGDs are gaining ground as a useful disruptive technology.
The world's biggest diamond mine is closing after almost four decades
Argyle is best known as the source of about 90% of the world's prized pink diamonds
 "The world's biggest diamond mine is closing after almost four decades")
Industry body steps in to ensure rough diamond supply to polishing units
The diamond polishing industry has been reeling under falling demand, impact of the GST, and lack of working capital
 "Industry body steps in to ensure rough diamond supply to polishing units")
Diamond has young patrons too! Millennials and Gen Z biggest consumers
A DeBeers report claims global diamond production may decline in 2018 on mine closure, favourable demand will keep prices elevated
 "Diamond has young patrons too! Millennials and Gen Z biggest consumers")
Size problem: Shrinking diamond content in jewelry is a headache for miners
The anemic growth has forced gem producers to respond in recent years
 "Size problem: Shrinking diamond content in jewelry is a headache for miners")
ICEX readies for futures trade relaunch in diamonds
With completion of a second rights issue, of Rs 85 crore, the Reliance ADA Group-anchored Indian Commodity Exchange (ICEX) is ready to restart futures trading in polished diamonds by the end of this month.Final approval is needed from the Securities and Exchange Board of India (Sebi). The exchange suspended futures trading in 2014, four years after launch. It has in-principle approval from Sebi for going live.To achieve the mandatory minimum net worth criterion of Rs 100 crore, the exchange had floated a second rights issue (it concluded this week), to raise money from its existing investors. In April 2016, the exchange had raised Rs 50 crore from its shareholders; with the second round, its net worth is Rs 125 crore.However, government-owned commodity trading entity MMTC did not participate. So, after the second round, MMTC's stake is expected to decline to below 10 per cent, from the earlier 13 per cent.MMTC plans to exit the exchange business. In fact, it had divested five ...
 "ICEX readies for futures trade relaunch in diamonds")
ICEX to launch diamond futures soon
Last week received in-principle permission to restart exchange, trading expected from March
 "ICEX to launch diamond futures soon")
Israeli technology to revolutionise diamond industry in India
An Israeli company has invented a machine that it claims instantly grades the clarity of polished diamonds
 "Israeli technology to revolutionise diamond industry in India")
Shine is off Shrenuj as future hangs in balance
The 110-year-old diamond house is struggling to come to grips with its debt woes as lenders initiate the recovery process
 "Shine is off Shrenuj as future hangs in balance")
World's first diamond trading exchange going live from today
India has a major share in cutting and polishing of diamonds, with 90% of global work
