DISRUPTION AND TECHNOLOGY TAKE CENTRE STAGE AT DMCC'S 'DUBAI DIAMOND CONFERENCE' IN SEPTEMBER 2019
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Ahmed Bin Sulayem,
Executive Chairman and CEO, DMCC
DMCC – the world's leading free zone for commodities trade and enterprise – stages the fourth edition of its highly anticipated Dubai Diamond Conference (DDC) on 26 September at the Almas Conference Centre, Almas Tower, Dubai, United Arab Emirates. The one-day conference gathers global industry professionals to discuss the impact of technological innovation on the diamond industry, its supply chain and future prospects.
Fluctuating prices and profitability combined with increased compliance requirements has seen the diamond industry go through a period of profound change. The pervasiveness of disruptive technology is also significantly altering the traditional methods of Diamantaires around the world; especially in terms of processing, valuation and trade.
Over 400 influential delegates are expected to register for DDC and debate modern market forces, and examine how best diamond companies can adapt to remain competitive. In a little over two decades, Dubai's diamond industry has grown into one of the largest in the world with over AED 92 billion (USD 25 billion) traded through the emirate in 2018 alone. more
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GIA India to Launch Diamond Origin Report at IIJS 2019
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 GIA India will launch the GIA Diamond Origin Report at the India International Jewellery Show (IIJS) from 8-12 August at Bombay Exhibition Centre, Mumbai. The GIA Diamond Origin Report confirms the country of origin of a polished diamond and includes a full assessment of the diamond's 4Cs along with a plotted diagram of its clarity characteristics, and a report number laser inscription. To learn more about the program and all of GIA India's offerings at IIJS, visit GIAindia.in/IIJS-2019.
Visitors can step into booth #1D066 to advance their gemmological knowledge through complimentary seminars on varied industry topics including birthstones, laboratory-grown diamonds, the 4Cs of Diamond Quality, emeralds, rubies, sapphires, pearls and more. Attendees can also learn more about GIA India's trade initiatives including trade education seminars, retail sales associate more
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AWDC discontinues financial contribution to WTOCD |
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The Scientific and Technical Research Center for Diamond (WTOCD) can no longer count on the unrestricted financial support from the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry. "The current market situation has led us to take this decision," says Margaux Donckier, AWDC spokeswoman. The WTOCD was established in 1977 as an independent research center in support of the Belgian diamond manufacturing sector. more
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Gems and jewellery carried for international exhibitions now exempted from IGST says GJEPC India
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The gems and jewellery industry will be breathing a sigh of relief, as the Ministry of Finance announced no IGST will be levied on gem and jewellery carried outside of the country for exhibition purpose. Till now, gem & jewellery which was being carried outside of the country even for exhibition/ consignment purpose was attracting IGST at reimport.
This comes into effect after several representations made by the trade and industry to the Ministry of more
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