- NEWS OF THE DAY
- FEATURED BOURSE
- President's Message
Mountain Province: New Kimberlite at Gahcho Kué
Mountain Province Diamonds Inc has discovered a new kimberlite at its Gahcho Kué Joint Venture (GKJV) leases – the first new discovery in the area in 20 years.
The Wilson kimberlite is located roughly 200 meters east of the Tuzo kimberlite and was discovered during drill testing of geophysical and geological anomalies in the area, the miner announced.
South Korean Diamond Exchange Persuades Govt To Abolish Consumption Tax on Diamonds
Following five years of talks and intensive work by the Korea Diamond Exchange (KDE), the South Korean government has slashed taxes on loose diamonds, says exchange President Nam Chang-Soo.
The individual consumption tax was introduced in 1976 and abolished in December 2018 in time for the new year, he explained.
Open letter regarding over grading certification
The diamond industry is facing a serious challenge to its integrity which could lead to major consumer confidence problems, if diamonds are sold with overstated certification. I want to stress that this is an industry problem that must be resolved by the industry in order to retain consumer confidence in our product and sustain and develop the international diamond trade.
Recently, awareness was raised regarding problems existing within a specific laboratory group and the overstating of grading from certain laboratories in this group, which has led to the exclusion of said laboratories certificates by the Rapaport Group.