Again Ahead of More Tariffs!

Imports at the nation’s major retail container ports reached unusually high numbers just before new tariffs on goods from China took effect September 1 and are expected to surge again before another round of tariffs takes effect in December, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“Retailers are still trying to minimize the impact of the trade war on consumers by bringing in as much merchandise as they can before each new round of tariffs takes effect and drives up prices,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

DMCC Welcomes Angolan Minister

Feryal Ahmadi, Chief Operating Officer, DMCC, hosted HE Diamantino Azevedo, the Angolan Minister of Mineral Resources and Oil, and a senior delegation from the Angolan Government today at Almas Tower.

During a tour of the company headquarters, the group, alongside members of the Dubai Diamond Exchange (DDE) board, discussed growing trade ties between Dubai and Angola, and in particular, DMCC’s position at the heart of the emirate’s growing status as a globally leading diamond trading hub. Trade of Angolan diamonds through Dubai last year alone stood at nearly one billion US dollars.

Klondike Leases Placer Gold

Klondike Gold Corporation report that the Company has entered into a lease agreement with Dulac Mining Ltd whereby Klondike Gold assigns to Dulac Mining the rights and permits to placer mine on the Upper Eldorado Creek property, contained wholly within the Company’s 576 square kilometer Klondike District Property, Yukon Territory.

The Upper Eldorado Creek Placer property is comprised of 114 contiguous placer claims totaling 6.8 square kilometers in area covering the Upper Eldorado Creek and Chief Gulch drainages.  Under the terms of the lease agreement, Klondike Gold will receive from Dulac Mining a direct 10% gold production royalty from mining on the Placer Property payable in raw gold.  The lease agreement is for a term of 3 years, expiring July 1, 2022 and is renewable thereafter subject to approval by both parties.

Admiral Ac-One 45 Open-worked

Following the Admiral Ac-One of the classic Admiral collection introduced in 2013, Corum pushes the boundaries of creativity a step further this year by presenting the Admiral Ac-One 45 Open worked Tourbillon, which introduces an exquisitely crafted skeletonised dial and tourbillon.

The movement fitted within the Admiral Ac-One Open worked Tourbillon is the calibre CO 298, a new movement that was developed by Corum in-house specifically for this model. The bridges visible on the dial side were specially designed to be in harmony with the dodecagonal-shaped case, as well as the silhouettes of the nautical pennants.

Dual Time by Jaquet Droz

Grande Seconde Dual Time by Jaquet Droz greets with the evolution of a piece as iconic as the Grande Seconde Dual Time therefore has a particular significance for the heritage of the brand. The top half of the Grande Seconde Dial shows the local time, whereas the lower half features the 24-hour home time display.

Founded nearly three centuries ago, travel has a historical significance for Jaquet Droz. Founder Pierre Jaquet Droz and his son earned their status as pioneers of international clock making trade, as they sailed from nations to nations to share their mechanical marvels with the world.

Alrosa-Nyurba heads liquidation

At the absentee voting in September the Alrosa Supervisory Board approved withdrawal from the share capital of PJSC Alrosa-Nyurba by voluntary liquidation of the company. Consolidation of core assets on the Alrosa’s balance sheet aims at improving efficiency of their management.

In the nearest future, the matter of voluntary liquidation will be submitted for consideration to the Board of Directors of Alrosa-Nyurba, and then to the company’s Extraordinary General Meeting of Shareholders, that may take place in early November.

Palladium prices at highest settlement

According to Myra P. Saefong, Market shakes off August decline in Chinese auto sales! Palladium futures topped $1,600 an ounce on Thursday to finish at the highest level on record, shaking off recent data showing a decline in Chinese auto sales, as emissions standards fueled bets surrounding strong demand for the metal used in pollution-control devices.

“Palladium has witnessed resurgence in price over the past two months, much in line with other hard assets such as gold, platinum and silver,” said Ryan Giannotto, director of research at exchange-traded fund issuer Granite Shares. “What distinguishes palladium is its unique position spanning precious and specialty industrial metals, and this latter characteristic has benefited the metal in the momentary detente in the U.S.-China trade conflict.”

PGI- India’s social experiments

In the quest of looking for men of character, Platinum Guild International-India conducted two interesting social experiments. These experiments test the determination of a few men who claim to believe in rare values like humility and courage in today’s time and era. Find out from these social experiments that when character goes through a trial, do these men stay true to the values?

BVC, the Official Logistics Partner for GJIIF

BVC Logistics Pvt. Ltd. has been appointed as the Official Logistics Partner for the Gems &Jewellery India International Fair (GJIIF) 2019 to be held from 13th to 15th September 2019 at Chennai Trade Centre in Chennai.

Being the official logistics partner, BVC Logistics will ensure full support in consulting, secure transportation, risk management and vaulting services for the exhibitors. The company will ensure on-time delivery of goods in a safe & secure manner.

The Pure Price Offer by PNG

Legacy brand PNG Jewellers has launched an innovative offer, The Pure Price, for customers just ahead of the festive season.

One hand economic slowdown has dampened our spirits; Gold prices are at an all-time high, while on the other hand, we are nearing major festivals. At such a time customers are in two minds whether to buy gold at such peak prices and what will happen if the prices fluctuate further. To address this and to bring in some cheer to the customers, PNG Jewellers has brought this innovative offer.