Saturday, January 25, 2020

Sarine Sales Fall Amid Lower Equipment Demand

Sarine Technologies saw a slight drop in revenue during the second quarter after orders for its diamond-mapping units fell in India, the company said Sunday.

Weak Rupee Raises Hopes for Indian Exports

A weaker rupee against the US dollar has helped boost exports to leading markets such as the US and China, attendees at the India International Jewellery Show (IIJS) reported. 

India, China Aim to Tighten Trade Ties

India’s Gem & Jewellery Export Promotion Council (GJEPC) will open an office in China’s Shenzhen Rough Diamond Exchange (SRDE) in an effort to promote trade between the countries.

Weaker Canadian Dollar Hits Mountain Province

Mountain Province recorded a net loss in the second quarter as the weaker Canadian dollar inflated its debt levels. The loss amounted to $4.8 million...

Steady Rough Demand Boosts Alrosa Sales

Alrosa’s sales climbed 16% year on year to $339.1 million in July as rough demand remained strong despite the summer lull, the miner said Friday.

Alrosa Garners $1.5M at New York Polished Sale

Alrosa brought in $1.5 million from its first polished-diamond tender in New York since it reopened its office in the city earlier this year. The...


Hong Kong Powers Swiss Watch Exports

Asian demand drove a 7% increase in Swiss watch exports in July, according to data the nation’s...