Special rate benefits for IIJS Signature 2020 & IIJS Premiere 2020

GJEPC announces special rate benefits for IIJS Signature 2020 &

IIJS Premiere 2020 for exhibitors, considering the challenging business period

•Announces special rate benefits for IIJS Signature 2020 &

 IIJS Premiere 2020 related advance bookings till 20th November 2019,

as a market support measure in difficult times

•Signature 2020 to be held in Mumbai’s Bombay Exhibition Centre (Goregaon)

from 13th–to-16th February 2020 with the addition of a new hall

Alrosa production of 12.1 m carats in 3Q

Q3 diamond production seasonally grew by 24% q-o-q (up 15% y‑o‑y) to 12.1 m cts due to the launch of production at new deposits and expansion of the existing ones (for more details see page 5). As a consequence, production in 9M 2019 reached 29.7 m cts (up 12% y-o-y).

Q3 ore and gravels processing seasonally grew by 64% q-o-q (flat y-o-y) to 17.2 mt. A 3% y-o-y increase in 9M 2019 to 34 mt was mainly due to the ramp-up of production at the V.Munskoye deposit and increased productivity at the Nyurba and Udachny Division’s processing plants, Ore and gravels inventories as at the end of Q3 2019 seasonally decreased by 26% q-o-q (up 9% y-o-y) to 23.6 mt.

Lulo 2019 sales reached to US$35.1mn so far!

Lucapa Diamond Company Limited and its partners Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas announces the results from the latest sale of diamonds from the Lulo alluvial mine in Angola. Further announced of previous sales, another run of mine parcel of 1,736 carats of Lulo diamonds has sold for gross proceeds of US$2.6 million (A$3.9 million), representing an average price per carat of US$1,530 (A$2,265).

David Kellie to join as DPA-CEO from December

The Diamond Producers Association (DPA) today announced that Jean-Marc Lieberherr has decided to step down from his role as CEO at the end of his current contract period on 31 December 2019. David Kellie will join the organisation in December 2019, enabling a smooth transition of leadership.

Jean-Marc has filled key leadership positions at the DPA since it was formed in December 2015, initially as its first Chairman, then as its CEO.

Sarine returns to nominal Profit in Q3

Sarine Technologies Ltd announced the update on its investing public as to industry developments and the Group’s revenues and profitability for Q3 2019. In our Q2 2019 results, we noted that the prevailing negatives in the diamond industry midstream had continued to have negative impact on the Group's financial results.

Five accolade to Narayan Jewellers

Narayan Jewellers by Ketan and Jatin Chokshi begins the festive season on a winning spree. The 79 year old jewellery brand from Vadodara, known for its aesthetics and creativity, recently won the awards for, Best Bridal Jewellery of the year, at the 7th edition of GJTCI Excellence Awards 2019. The brand has also won the awards for, Excellence in Design – Jadau Jewellery – Bangle/Bracelet, Colored Gemstone – Bangle/ Bracelet, and Store of the year – Standalone – 1000-5000 sq. ft, at Retail Jewellers Guild Awards 2019.

35 countries participated in the first ever IICTF

Union Minister for Commerce and Industries Shri Piyush Goyal has called for discipline and professionalism in the cooperative sector. He also recalled while addressing the closing ceremony of “India International Cooperative Trade Fair’ (IICTF) in New Delhi today that the foundation of the cooperative movement was laid by Sardar Patel.

Building a sparkling image!

Update 2: According to the Vice Chairman-GJEPC, “Within a few years, we would be able to change the image of the industry.” In the recent conversation with GJEPC officials, they are trying prudently to enhance the industry image with all those stake holders including banking & financing, buyers & also with government!

Buying sentiment is decent this festive!

The general buying sentiment has been decent this festive season, Inspite of the rising gold prices, which is a very positive sign. It is also the onset of the wedding season, so there is a good demand for small & big ticket items. Here is the outlook for the season ahead & how two leading jewellers are viewing the imminent Dhanteras!

“We, at Anmol, have always believed in adapting ourselves & evolving with changing times, which is why our brand has always been at the forefront of innovation in Design. We have taken a non-traditionalist approach in our marketing strategies through celebrity & stylist associations and innovative campaigns with bloggers to showcase our design prowess & target the millennial consumers, especially the millennial brides. We also managed to establish a strong digital presence over the years and our marketing activities are aligned to boost our digital presence” said, Ishu Datwani, Founder-Anmol.

GIA Commits for Artisanal Mining Education

Building on a successful pilot and feedback from small-scale colored gemstone miners in Tanzania, GIA (Gemological Institute of America) will expand distribution of its innovative gem guide for artisanal miners to other communities and countries in Africa.