This is the first partnership of De Beers in the diamond grading a "vertically integrated" sightholders, said the diamond mining giant.
IIDGR produces reports on the classification and identification of any reports are not inserted into the frame, and not subjected to the beautification of natural diamonds weighing not less than 0.10 carats.
"As customers continue to strive for greater confidence in diamonds, we are seeing an increase in demand from major retailers of jewelry with diamonds on innovative solutions that can offer IIDGR», - said the president IIDGR Jonathan Kendall (Jonathan Kendall).
"This new initiative involving Lukfook points to the rapid growth that we have seen in international business, and we look forward to a long and successful partnership", - he added.
IIDGR will supply reports under the joint brand of diamond grading Lukfook for customers, giving them more confidence, based on the knowledge base of both companies.
The reports will be used technology perfect optical symmetry of De Beers, which provides increased performance chart image of the light of each diamond, offering customers the "extended" information on their rock.
"Working with IIDGR, business, relying on more than 100 years of experience in management of De Beers Group in the diamond sector, we can offer our customers an additional level of assurance", - said chairman of the board Lukfook Wong Wai Sheun
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Indian Commerce and Industry Minister Nirmala Sitharaman (Nirmala Sitharaman) called on the Ministry of Finance to consider the reduction of import duties on gold, as it will help boost exports of gems and jewelery, reports PTI.
Sitharaman said that Indian jewelry sector is difficult to compete in the world market due to a 10 percent duty on gold imports. However, the Ministry may consider indicators of the current trade balance before making any decision on the matter, the minister added.
Exports of gems and jewelery in India in October fell by 13% to approximately $ 3.48 billion. Imports of gold has more than doubled, to $ 4.95 billion in August, but in September and October, he declined. A large amount of gold imports into India have a negative effect on the current trade balance of the country. India is the largest importer of gold in the world, which is imported mainly for the needs of the jewelry industry. The trade deficit occurs when a country imports of goods and services is higher than the volume of exports. In the 2014-2015 year, the trade deficit was 1.3% of India's GDP ($ 27.5 billion) compared to 1.7% in 2013-2014 ($ 32.4 billion).
Commenting on the total volume of exports from India, Sitharaman said that to increase this figure the government announced subsidies on interest rates of 3%. The Ministry is holding talks with representatives of all Indian states to increase exports.
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