21 May 2019
DiamondWorld Directory
Home |
News
Home
Rough diamond royalties increase by 5 per cent in Guyana
Locally mined rough to be valued at a flat rate of $100 per carat
By: Diamond World News Service
|
May 9 2007 12:00AM
|
Reference: 1376  

DecreaseIncrease

As per industry reports, the Guyana Geology and Mines Commission (GGMC) has served notice to all diamond traders that all locally mined rough diamonds would now be valued at a flat rate of $100 per carat up 33 per cent from an earlier $75 per carat.

The royalties have increased accordingly, to a total of 5 percent, or $5 per carat.

On the other hand, the Guyana Gold and Diamond Miners Association complained is disturbed by the ruling since they were not consulted before taking this decision.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
M. Suresh234x60
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
Spotted: Who Wore What (July 2018)
Pictures: 5
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 13735
GJEPC Chairman Interview
Views: 12582
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 19466
Promo for IJ Awards 2012 at NDTV Profit
Views: 31999
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 35052
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 10190
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 33405
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 31543
Member of:
Supporter of: