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A New Chapter after Mir Mine Tragedy
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A New Chapter For Diamond Mining in Australia?
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© Christie s
Japan’s
sakura cherry-blossom season peaked this year in the city of Kyoto on 26 March, according to Osaka University. That makes it the earliest flowering in 1,200 years. The previous record of a day later had been set in 1409. But for auction houses in Asia rocked by last year’s pandemic, the lucrative spring-sales season can’t come soon enough. Christie’s in Hong Kong is trying to capture a little of the flower power in auctioning off the “Sakura Diamond” on 23 May. With its “perfect display of strong saturation and remarkable pink hue with a secondary colour of purple, [the Sakura Diamond resembles] the fascinating colour of cherry blossoms – appropriately coinciding with spring”, says the auction house.
08 march 2021
22 february 2021 Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs. The Indian diamond trade has asked the Government for an amendment in taxation provisions to allow the sale of rough diamonds in the Special Notified Zone (SNZ) in Mumbai; and exemption of two-per cent equalization levy on rough diamond sales. According to industry members, miners could pay a ‘turnover tax’ not exceeding 0.16%, which is the prevailing rate in Belgium. Labourers are also demanding implementation of labour laws and Factory Acts in the diamond factories, claiming that around 10 polishers across the state had committed suicide in the last few months due to joblessness.
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