Diamond: GK, Current Affairs, Questions, Trivia and News

Oligopoly

An oligopoly is a form of government in which the power is concentrated in the hands of a few rich people who wield a disproportionate amount of power by virtue of their fiscal wealth. While no country today can be called for having a strictly oligopolistic form of government, critics of the Russian President have ..

India to chair Kimberley Process (KP) from January 2019

India will chair the Kimberley Process (KP), a global initiative to remove conflict diamonds from the global supply chain, from 1st January 2019. KP is a joint initiative of different countries, industry and civil societies to control flow of conflict diamonds, which are used by rebel movements to finance wars against legitimate governments in the ..

ICEX launched world’s first diamond future

The Indian Commodity Exchange (ICEX) has become the world’s first derivatives exchange to launch diamond futures contract. Initially, the contracts are launched in size of 1 carat with compulsory delivery. This will create an entirely new market for the diamond players where sellers can deliver their certified diamonds to different buyers. The launch will also ..

India elected as Vice Chair of Kimberly Process Certificate Scheme for 2018

India has been elected as the vice chair for 2018 and chair for 2019 of Kimberly Process (KP) Certificate Scheme. It was announced by the Gem & Jewellery Export Promotion Council (GJEPC). The decision regarding the same was taken at the recently held KP Plenary meeting in Dubai. India is a founder member of Kimberley Scheme ..

India looks for Belgian investment in NMIZs

India looked for investments from Belgium in the National Manufacturing and Investments Zones (NMIZs) primarily in the area of training and research. NMIZs will be mega industrial zones with world class supporting infrastructure. The government is providing a number of incentives like exemption from capital gains tax and relaxed labor and environment norms to encourage ..