Geologists have discovered a large gold deposit located in the Xinjiang Uygur Autonomous Region in the northwest of China, near the border with Kyrgyzstan, the Chinese news agency Xinhua reports. According to experts, confirmed gold reserves in the new field are estimated at 127 tons, and their cost is almost $ 6.5 billion. The 
Xinjiang Bureau of Geology and Mineral Exploration spent twenty years searching for deposits in the area. This is the largest gold deposit discovered in Xinjiang over the past two decades.
"It is very likely that the mine's total reserves will exceed 200 tons," said Cui Hongbin, the head of the intelligence team.
He also noted that this opening will not only increase gold production in the PRC, which reached 211 tons in the first half of 2014, but will also bring income and employment to the local population.
The opening of the new field attracted attention of the main mining companies of China, which already expressed interest in the joint development of this mine.

The Gemmological Institute of India (GII) recently installed a machine for automatic scanning of "mele" diamonds at the Diamond Detection and Resource Center (DDRC), located on the Indian Diamond Exchange (BDB). The ceremonial launch of the car was led by the leaders of the Indian jewelry industry - BDB President Anouop V. Mehta and a representative of Rosy Blue (India) Pvt. Ltd. Arunkumar Mehta.
On this occasion, Vipul Shah, Chairman of the Indian Council for the Promotion of the Export of Gemstones and Jewelry (GJEPC), said: "We are pleased that now, with the help of automatic diamond scanning (AMS) devices, it is possible to quickly and effectively identify synthetic stones in lots of natural diamonds weighing from 0.01 to 0.2 carats. This is in line with the market demand for fine diamond research equipment, which is affordable and has high productivity, which will provide huge benefits to the Indian industry. DDRC will enable all traders who do not have the means to purchase equipment, use this machine and scan their lots of diamonds at an affordable price. This is a tangible support for the entire diamond industry. "
The Shah added: "I am pleased to report that the GII has committed itself to education and training of the general public, relieving consumers of fears of artificial diamonds, and held a series of seminars in Surat, Mumbai, Coimbatore and Cambay, planning seminars in other centers" .
Over the past six months, DDRC has been researching all parties of diamonds in order to identify synthetic diamonds.

Taiwan Jewelery & Gem Fair will be held from November 21 to 24, 2014 in Taipei World Trade Center, Taipei World Trade Center, Rapaport reports. According to the organizers of the fair, UBM Asia Ltd., this year, the event will feature a separate section of designer jewelry (Designers' Area), and it will feature 40 outstanding jewelry designers, among them Chin-Tiao Shih (Chin-Tiao Shih ) from Atlen Jewelry Co., Wang Yueh Yaw, who creates jewelery with diamonds and jadeite from 18-carat gold, Judie Ma from Dynasty Artistic Jewelery Co. Ltd. and Chun Ting Chang (Chun Ting Chang), who introduced a traditional bracelet from jadeite in the form of a watch.
The jewelery fair in b2b format, designed for the interaction of companies, organizes groups of exhibitors in several national pavilions for countries such as Taiwan, India, Israel, Japan, Hong Kong, Germany, Italy, Sri Lanka, Singapore, Thailand and the USA, and section of uncorrected diamonds, jewelry made of precious metals and other exclusive goods.

US jewelry and watch sales in June 2014 showed an increase of 3.4% on a year-on-year basis, according to preliminary government figures referenced by Rapaport. The growth of this sector in the first half of 2014 was revised downwards: in January, February, March and April, sales growth was less than 3%, and in May, growth was registered at 3.7%.
According to Rapaport, jewelry sales in June increased by 3.3% to $ 4.866 billion, while sales of watches grew by 3.6% to $ 666.3 million.
Meanwhile, jewelery sales in the first half of 2013 increased by 2.3% compared with the same period last year and amounted to $ 30.323 billion, and sales of watches for this period increased by 1.4% to $ 4.134 billion.

Indian diamantaires, based in Antwerp, Mumbai, Surat and Hong Kong, are concerned about reports of the bankruptcy of three or four companies in China, Hong Kong and Tokyo. According to some information, these companies have not paid Indian traders debts totaling 18 billion rupees. In addition, the financial position of at least six other firms can be called unsustainable, the Times of India said.
Indian diamantaires from Surat, Mumbai and the Hong Kong-based firms involved in the supply of diamonds began to panic.
Warnings of market participants about bankruptcies and weak financial position of Hong Kong companies can serve as an omen of huge losses of diamond traders.
India annually exports diamonds worth about $ 28 billion, of which about $ 8 billion is exported to Hong Kong. World gold prices in 2014 fell sharply compared to the previous year. This could cause the bankruptcy of jewelry companies that could not survive in the current market conditions.
Vipul Shah, Chairman of the Gems and Jewelery Export Promotion Council (GJEPC), said: "Reports of the bankruptcy of jewelry companies in China and Hong Kong with the speed of lightning spread across the market. However, we still have not received any official information on this matter. "

Customers from around the world who arrive at the International Diamond Week in Israel (IDW), organized on September 1-4 on the premises of the Israeli Diamond Exchange (IDE), will be presented products from 325 diamond companies in Israel.
"We have completed work on compiling a list of IDE members participating in this event. But we continue to register diamond buyers, and as the number of hotel rooms is limited, we encourage interested buyers to register as soon as possible, "warned IDE general manager Moti Besser.
IDW is a trade event organized by the joint efforts of three of the world's largest diamond exchanges: the IDE, the Diamond Dealers Club of New York (DDC) and the Antwerp Diamond Bourse. "The number of participants in the event of members of DDC and the Antwerp Diamond Bourse continued to rise, and therefore, it may well become the largest Diamond Weeks history of the project since the beginning of 2013", - the president of IDE Shmuel Schnitzer said (Shmuel Schnitzer).
Within the framework of the Israel Diamond week auction of exclusive diamonds Rapaport Group will be organized, the IDE press service reported.

US polished imports rose 3.6% in June to $ 1.619 billion, while the average price of imported stones jumped 26% to $ 2,094 per carat, Rapaport reported. In the meantime, polished exports from the USA in June 2014 jumped by 15.1% to a record $ 2.941 billion, as a result, the import deficit reached a record of $ 1.321 billion, significantly exceeding the deficit of $ 993 million registered a year earlier.
The statistics of trade in diamonds in May and June usually reflect the activity at the JCK show, but since June 2011, polished imports after the fair have shown increasingly high deficits.
US rough diamond imports jumped 80% to $ 36 million in June, while diamond exports fell 48.1% to $ 14 million, thus the net import of diamonds was $ 22 million, compared with a negative figure of $ 7 million for the same month last year.
The net US diamond account for June (the difference between net imports and exports of diamonds and diamonds) was negative at $ 1.299 billion (a record high for a single month).
In the first half of 2014, US polished imports rose 5.3% year-on-year to $ 12.212 billion; diamond exports jumped 13.6% to $ 11.49 billion, indicating a decrease in net polished imports by 51.2% to $ 723 million. Imports of rough diamonds rose 72.6% to $ 366 million, while diamond exports jumped 81, 8% to $ 249 million. Net imports of diamonds increased by 56.8% to $ 116 million, resulting in a net diamond account for the period of $ 839 million compared to $ 1,555 billion in the same period last year.

Online diamond and jewelery retailer Blue Nile recorded a 1.3% decrease in revenue from sales, up to $ 106.6 million in the second quarter ended June 29, Rapaport reported. The cost of sales for the reporting period decreased by 1.7% to $ 86.4 million. Blue Nile's profit decreased 1.6% on a year-on-year basis, to $ 2.2 million, equivalent to 18 cents per share.
Sales of engagement jewelry in the US in the second quarter fell by 4.6% to $ 60.9 million, while sales of other products increased by 2.6% to $ 27.7 million.
International sales of the company showed an increase of 4.8% to $ 18 million, and without taking into account currency fluctuations, growth is estimated at 6.7%. The value of the commodity stocks of Blue Nile decreased by almost 7% compared to the same period last year to $ 32.1 million.
"Our results for the second quarter were significantly influenced by the situation on the diamond market and the dynamics of prices. As a result, we have changed product prices to ensure that Blue Nile customers benefit from the purchase, "said Harvey Kanter, chairman and CEO of the company. "After these changes, we expect that sales will start to grow again, and when the prices for diamonds are normalized, we are counting on even greater profits from attracting customers."

Botswana Diamonds said it planned to begin drilling operations in the PL117 / 2011 licensed area in September in the Orapa district of Botswana. Drilling will be performed at two selected facilities - AN117 / 1 and AN117 / 2, located in the northern part of the small block with a total area of ​​2.9 square meters. km.
The drilling objects identified in recent work by Sunland Minerals, a joint venture between Russian ALROSA and Botswana Diamonds in equal shares, are considered promising for the detection of kimberlite bodies.
The depth of the test drilling will be 100 m, and after studying the rocks in Botswana, the samples will be sent for analysis to St. Petersburg.
Botswana Diamonds said that two wells will be made within the AN117 / 2 mineralogical and geophysical anomaly, and drilling of three wells is planned for mineralogical anomaly AN117 / 1.
In September, additional geophysical surveys will be conducted at these sites.
"Our joint venture Sunland with ALROSA, the world's largest diamond producer, has stepped up its activities," said John Teeling, Chairman of Botswana Diamonds. - In September, we plan to drill wells on each of the two promising anomalies within the PL117 block in the Orapa area. These will be test wells aimed at identifying kimberlites. "

Indian diamond and jewelry brand Tanishq in early July introduced a new line Inara, which was the continuation of the collection of diamond jewelry, debuted in 2013, reports Rapaport.
The new line consists of jewelry from white and yellow gold with a spray of white rhodium, which emphasizes the brilliance of brilliance, according to the materials of Tanishq. Ornaments Inara - necklaces, earrings, rings, bracelets - are encrusted with colored gems such as rubies, emeralds, blue, pink and yellow sapphires.
Senior vice president of retail sales and marketing of Titan Company Sandeep Kulhalli (Sandeep Kulhalli) said: "The Tanishq brand has always been a pioneer in the manufacture of jewelry with new-generation diamonds for every taste. We are pleased to again present the collection with innovative and unique designs, which is designed for Indian women who consider jewelry to be a continuation of their image. Jewelry glorifies a woman and combines the elegance of diamonds and modern design. "