Tuesday, June 13, 2017
Merlin Diamonds announced the discovery of 35.26-carat brown diamond in its draft Merlin (Merlin) in Australia. It is the fifth largest stone in the history of diamond mining in the country.
The mining company also benefited diamond weighing 14.6 carats of brown and a number of small white stones.
In December, Merlin found his first blue diamond, but the weight of the stone was only 0,124 carats.
Merlin Diamonds, which was previously known as the North Australian Diamonds, Merlin acquired the project from Rio Tinto in 2004. At this mine was previously mined in Australia's largest diamond weighing 104.73 carats.
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Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) and the Indian Diamond Exchange (Bharat Diamond Bourse, BDB) March 5 discussed steps to strengthen the ties between India and South Korea with a delegation of the Korean Diamond Exchange (Korean Diamond Exchange, KDE). Among the members of the delegation were the President of KDE We Chang Su (Nam Chang Soo) and one of the members of the exchange Yu Song Wu (Yu Seong Woo).
Indian diamond industry represented by Anoop Mehta (Anoop Mehta), president of the BDB, Mehul Shah (Mehul Shah), vice-president of the BDB, Sanjay Shah (Sanjay Shah), the head of the Diamond Commission of the GJEPC, Manish Givani (Manish Jiwani), a member of the Diamond Commission and Sabyasachi Ray (Sabyasachi Ray), executive director of GJEPC.
We Su said that the South Korean government would like to provide tax incentives for exporters of Indian jewelry, because soon this country will open a diamond exchange in the special economic zone.
Anoop Mehta said that if the diamonds and jewelry will be exported directly to Korea, without passing through Singapore, Hong Kong and other cities and countries, the trade deficit will be possible soon overcome.
Mehul Shah and Sabyasachi Ray stated that thanks to a new partnership with Korean exporters in this country will be able to increase the added value of diamonds by 10-12%.
Ray also said that GJEPC inform the representatives of the two countries on the Korean negotiation details. We Su noted that due to the opening of the Korean market Indian companies will be able to open their offices in the free trade zone.
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