SHANGHAI (Commodity Online): The Rapaport Group has announced that it is now providing diamond import services to mainland China. Foreign companies can now sell their diamonds directly to local Chinese companies.

NEW DELHI (Commodity Online): India’s steel major Essar Minerals, a subsidiary of the Essar Group, has inked a pact with private equity firm Denham Capital to acquire 100 per cent ownership of US-based Trinity Coal for $600 million.

BHOPAL (Commodity Online): Diamond giant Rio Tinto is all set to pump $532 million into Bunder diamond mining project in Madhya Pradesh state

NEW YORK (Commodity Online): In recognition of the ever increasing importance of proper disclosure of gemstone treatments three major global organizations, the American Gem Trade Association (AGTA), the World Jewellery Confederation (CIBJO), and the International Colored Stone Association (ICA), have reached consensus on a global method of colored gemstone treatment disclosure within the trade.

By Jon Nadler
Gold prices started Monday’s trading session on a relatively steady note, with gold making a small, $1.30 advance on the tickers, and opening at $1135.70 per troy ounce.