Kenya Air staffer held with 23kg of gold at Mumbai 5-star

14-02-2018 17:0 PM

Kenya Airways confirmed on Tuesday that a member of its cabin crew was arrested over the weekend for allegedly carrying undeclared gold into Mumbai, India.
The national carrier said in a statement issued in Nairobi that it is aware of the incident and is in touch with the Indian authorities regarding the situation.
"The airline is committed to the integrity of its operation and does not condone any illegal activities by any of its staff members," it said.
Kenya Airways said it adheres to all regulations and laws of Kenya and the countries it operates in.
"In addition, all members of crew are trained on regulations and laws governing the countries where the airline operates in and are expected to adhere to them at all times," the airline said.
According to local media reports in India, the Kenya Airways employee was arrested with 23kg of smuggled gold bars worth more than 1 million U.S. dollars. The police found the cabin crew hiding the bars in his waist belt and knee caps.
It is reported that his accomplice was to collect the gold. The gold was handed to the airport's customs officials for investigations.
Courtesy- TOI

Gems and jewellery exports dip 22% in April

22-05-2018 15:15 PM

India's gems and jewellery exports have declined 22 per cent to USD 2.6 billion in April on account of demand slowdown in major markets including the UAE. Exports in April 2017 stood at USD 3.31 billion, the...

Gold prices slip as investors eye riskier assets

22-05-2018 15:15 PM

Spot gold eased 0.1 percent to $1,290.66 per ounce as of 0250 GMT. In the previous session, it slid to $1,281.76, its lowest since Dec. 27. U.S. gold futures for June delivery were 0.1 percent lower at $1,290...

China says gold mine operation in Tibetan county close to Arunachal is its sovereign right

22-05-2018 15:15 PM

China today defended its large-scale mining operations in a mineral-rich Tibetan county adjacent to the border with Arunachal Pradesh, asserting that the area belongs to it and Beijing enjoys full sovereignty...

Malabar Gold & Diamonds eyes IPO

22-05-2018 15:10 PM

Malabar Gold & Diamonds has started preliminary work to list its jewellery chain on the stock exchange through an initial public offering (IPO), Chairman MP Ahammed said in an interview. The idea behind the l...

IGI Conducts a 'Know Your Diamond' Seminar for Diamond Zealots in Ahmedabad

22-05-2018 15:10 PM

The International Gemological Institute, IGI India, organized a 'Know Your Diamond' seminar on behalf of Sherly Jewels in Ahmedabad. Known for its comprehensive approach at spreading awareness among diamond fa...

25 carat yellow diamond recovered at Lucapa’s Mothae Mine

22-05-2018 15:10 PM

Lucapa Diamond Company and the Government of the Kingdom of Lesotho have reported the recent recovery of a 25 carat yellow gem diamond from the Mothae kimberlite mine in Lesotho (“Mothae”) (Lucapa 70 per cen...