Options for sustainable jewellery sector

CIBJO President Gaetano Cavalieri has provided an overview of sustainability in the jewellery industry. He was delivering the opening address of the 6th Seminar on Technology in the Jewellery Industry Seminar in Rio de Janeiro, organized by Systema Ajorio, with the support of Firjan and IBGM. Following the address he was interviewed on the podium by Carla Pinheiro, President of Systema Ajorio.

The theme of this year’s seminar was sustainability, which is an issue of critical importance in Brazil. Today as the world’s ninth largest economy, the country holds massive reserves of biodiversity and, home to 60 percent of the world’s largest rainforest, the Amazon; it is known as the earth’s lungs. Brazil is also one of the largest suppliers of coloured gemstones globally.

U-Boat launches a special edition

Italo Fontana, creative mind of U-Boat, has always produced watches in limited or special editions commissioned also by Italian and international special forces, as recently those designed for the GIS (Special Intervention Group) of Carabinieri. Continuing on this tradition, the new exclusive 1938 Doppiotempo derives directly from the model created for the historic 9th parachutist assault regiment, Col Moschino.

1938 Doppiotempo finds its uniqueness thanks to the link with the commemorative watch, Centouno, strongly requested and launched on the occasion of the 101 years of their anniversary. This is confirmed by this special unit, which has returned to choosing U-Boat for its unconventional technical and design features that make it perfect for the most extreme missions and on liberty.

Government focuses Craftsmen

Union Minority Affairs Minister Shri Mukhtar Abbas Naqvi said in a statement in New Delhi that the Government will provide employment and employment opportunities to lakhs of artisans, craftsmen and traditional art experts through Hunar Haat in the next 5 years.

The next Hunar Haat will be organised at North Central Zone Cultural Centre in Prayagraj (UP) from 01st to 10th November, 2019 where more than 300 master artisans and culinary experts including a large number of women artisans from every corner of the country will participate. All the Hunar Haat, to be organised in 2019 and 2020 will be based on the theme of Ek Bharat Shresth Bharat.

Firestone fails to fetch rough price!

Firestone Diamonds provides its quarterly update on operations at its Liqhobong Diamond Mine for the quarter ended 30 September 2019 of Q1 FY 2020. According to the presented highlights that say, recovery of a 98 carat light yellow makeable stone which was sold in October.

Diamond recoveries of 201091 carats remained lower than Q4 of FY19 had recovered 208 572 carats. A single sale took place during the quarter when 168612 carats were sold also tumbled over Q4 FY19 had been sold

177521 carats, realising revenue of  US$10.6 million lowered over the Q4 FY19 of US$12.7 million at an average value of  US$63 per carat fetched low to Q4 FY19 of US$71 per carat.

Petra production up 1% in Q1 FY 2020

Petra Diamonds Limited announces the Trading Update for the period from 1 July 2019 to 18 October 2019, covering production and sales from 1 July 2019 to 30 September 2019 that is Q1 FY 2020 & that summary says Q1 production up 1% to 1,082,764 carats over Q1 FY 2019 of 1,068,140 carats and on track to deliver guidance of ca. 3.8 Mcts for FY 2020.

B2Gold Sales Nicaragua Assets

B2Gold announces that it has completed the sale of El Limon and La Libertad Gold Mines, the Pavon Gold Project and additional mineral concessions in Nicaragua to Calibre Mining Corp. for aggregate consideration of US$100 million, subject to adjustment for working capital under the share purchase agreement for the Transaction.

Pursuant to the terms of the Transaction, B2Gold received on closing an aggregate of 87,986,666 common shares of Calibre, representing approximately 28.35% of the issued and outstanding Calibre Shares on closing, US$40 million in cash, a US$10 million convertible debenture, and will receive an additional cash payment of US$10 million on October 15, 2020.

CIBJO Gemmological Report unleashed

With fewer than four weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the seventh of the CIBJO commissions' Special Reports has been released. Prepared by the CIBJO Gemmological Commission, headed by Hanco Zwaan, it considers measures that should be taken to ensure that a person reading a laboratory report understands what information is measurable fact and what information represents the opinion of the gemmologist.

DGCX expanding member community

RAKBank went live as a Trade Member on 10th of October, executing its first trades in the Indian Rupee-Dollar Futures contract.

The Dubai Gold and Commodities Exchange (DGCX) today announced that RAKBank has been listed as a new Trade Member of the Exchange. The move underpins DGCX’s rapidly growing member community, and highlights the mounting interest from large, regionally based financial institutions to access the Exchange for hedging and investment opportunities.

DeBeers 3Q sales 7.4 mn cts diamonds

At DeBeers Group, rough diamond production decreased by 14 per cent to 7.4 million carats due to planned reductions in South Africa and Canada. In addition, we continue to produce to weaker market demand due to macro-economic uncertainty as well as continued midstream weakness.

Botswana (Debswana) production was flat at 5.7 million carats. Orapa production increased by 22 per cent due to a planned increase in the grade of material treated. This was offset by an 18 per cent decrease at Jwaneng due to planned lower grade.

Dynacor’s second tender to be over 6K cts?

Diamcor Mining announces the results of its first tender and sale in the Company’s third fiscal quarter ending December 31, 2019.  In this first tender, the Company sold 4,033.01 carats of rough diamonds.  The Company has delivered an additional 6,369.00 carats which it expects to sell at a second tender in Antwerp in November.  A final tender of the Company’s third fiscal quarter is tentatively planned for December. 

The total rough diamonds expected to be delivered and tendered in the Company’s third fiscal quarter represents an increase when compared to 3,882.82 carats delivered and tendered in the Company’s second fiscal quarter ended September 30, 2019.