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ALROSA and ZCDC establish joint venture in Zimbabwe
ALROSA and Zimbabwe Consolidated Diamond Company (ZCDC) have signed a number of agreements to finalize a creation of a joint venture for prospect and exploration works for primary diamond deposits in the Republic of Zimbabwe.
A shareholder agreement and a JV establishment agreement were signed by Sergey Ivanov, ALROSA CEO, and Killian Ukama, Eng., a Non-Executive Board Chairman of ZCDC.
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.
WFDB 2019 Presidents Meeting
With the 2019 Presidents Meeting coming up in Dubai in September, the World Federation of Diamond Bourses held an Executive Committee Meeting at the Israel Diamond Exchange on Monday to prepare topics for further discussion.
We debated a wide variety of subjects vital to the industry, as well as moves to further raise the international standing of the WFDB. The Executive Committee also discussed the important subjects of synthetic diamonds and the state of the diamond trade globally.