AGTA announces Spectrum Awards winners

The American Gem Trade Association (AGTA) announced the winners of the prestigious 2019 AGTA Spectrum Awards. The competition was held in New York on August 3rd and 4th and is regarded as the world’s prominent colored gemstone and cultured pearl design competition.

The distinguished panel of judges included:  John Carter, Jack Lewis Fine Jewelers; Paula Crevoshay, Mellika Company, Inc. /Crevoshay; MyriamGalli, Gemveto Jewelry Company, Inc.; Brett Kosnar, Kosnar Gem Co and Naomi Sarna, Naomi Sarna Designs.

Government to resolve MSMEs issues soon

Shri Gadkari says Government will take effective steps to resolve the problem of delayed payments to MSMEs

Union Minister for Micro, Small and Medium Enterprises Shri Nitin Gadkari has said that non payment and delay in payments to MSME enterprises will be dealt with very firmly.

The Minister reiterated the Government's commitment to solve long standing problems of the MSME sector and give it the required support so that it can realize its full potential in terms of its contribution to GDP and employment generation. The Minister was speaking at a national workshop organized by the MSME Ministry to discuss the issue of delayed payments to MSMEs and ways to deal with it.

Skill India announces Kaushalacharya Awards

In a bid to motivate and incentivize more trainers to join the Skill India Mission, the Ministry of Skill Development and Entrepreneurship (MSDE) today organized Kaushalacharya Samadar 2019 to felicitate trainers from different sectors for exceptional contribution towards creating a future-ready and skilled workforce.

A total of 53 trainers from diverse backgrounds including experts of WorldSkills Competition winners, trainers from National Skill Training Institutes (NSTIs), Industrial Training Centres (ITI), Jan Sikshan Sansthans (JSS) and trainers from reputed corporate houses were honored at a gathering of government and industrial experts held on the occasion of Teachers’ Day by Skill India.

GJEPC announces 3rd Artisan Awards 2020

Entries started from September 5 &

Untill 31st October 2019

The Gem & Jewellery Export Promotion Council (GJEPC) has announced the participation dates for its 3rd edition of The Artisan Jewellery Design Awards 2020 (Artisan Awards) competition.

Profit tumbles at Gem Diamonds 1H

Gem Diamonds Limited announces its Half Year Results for the period ending 30 June 2019. At financial front they said, revenue US$91.3 million (US$167.7 million in H1 2018) & underlying EBITDA US$25.3 million (US$70.7 million in H1 2018). Attributable profit, from continuing operations US$6.6 million (US$26.8 million in H1 2018). Ghaghoo care and maintenance costs of US$2.4 million reported as loss from discontinued operation.

The Master Series launched!

Artisans have remained a major force behind the success of the Indian jewellery industry. They are our pride who inspires the world by their creativity, innovation and craftsmanship. Uplifting the lives of the karigars is uplifting the industry. P Mangatram Jewellers, a leading name in the world of studded jewellery has taken an initiative to preserve the oldest art form of handmade jewellery.

GIT Leads Entrepreneurs at BGJF

The Gem and Jewelry Institute of Thailand (GIT) is proactively entering the international market by joining the 64th Bangkok Gems and Jewelry Fair (BGJF), Thailand’s world-class gem and jewelry trade show, to offer a chance for local jewelry entrepreneurs from more than 10 provinces to showcase their products to international traders, while offering an on-site gem testing and verification service within 24 hours at the event, which will take place from September 10 to 14at Challenger Halls, Impact Muang Thong Thani.

Key for of MSMEs Growth is Innovation

Secretary, Ministry of Micro, Small and Medium Enterprises Dr. Arun Panda expressed hope that the second International SME Convention will result in joint ventures, MoUs, fruitful collaborations in various sectors and technology transfer among entrepreneurs participating from our country and abroad. He said that innovations and collaborations are the key for growth of MSME sector and growth in this sector will definitely result in employment generation and will be helpful in increasing the country’s GDP.

Ample scope for growth in gold!

Recently the World Gold Council published the report, A Central Banker’s Guide to Gold as a Reserve Asset 2019 edition. The report says, on In 2018, central bank net purchases of gold totalled 651t, up74% year-on-year, the highest level of annual net purchases since the suspension of US dollar convertibility into gold in1971. Over the past decade, central banks have purchased more than 4,300t of gold, bringing total holdings to nearly34,000t. The vast majority of demand has come from EMDE central banks and this remains the case today.

AngloGold production 2019 to be over 3.25Moz

AngloGold Ashanti achieved strong gains in second quarter production and cash flow, set new safety records and kept key projects on track. Full-year key operating and cost guidance remained on track, with an especially strong fourth-quarter anticipated.

Second quarter production increased 7% over the first quarter of 2019, rising to 801,000oz from 752,000oz. Free cash flow for the second quarter also increased to $78m, compared with an outflow of $109m in the first quarter of 2019. The average gold price received of $1,302/oz was only $5/ oz higher than in the first quarter of 2019. The price has subsequently averaged about $1,414/oz as of 4 August 2019.