Be Limitless: Forevermark India hosted Forum in Bengaluru

Over the past eight years, Forevermark, the diamond brand from the De Beers Group, has spearheaded an all-encompassing platform, the Forevermark Forum, for all their authorised jewellers, diamantaires and manufacturers from around the world. The goal of the Forum is to bring its partners together to interact, network and exchange insights on Forevermark’s growth and vision for the industry, within a global framework.

This year’s Forum, held from 9^th to 11^th July, 2019, celebrated a new theme: ‘Be Limitless’. Key discussions revolved around diversity in thought, culture, design and innovation. Forevermark, known for the most beautiful, rare and responsibly sourced diamonds, took spectators through an insightful journey of exclusive showcases, comprehensive consumer and retail awareness campaigns, technology breakthroughs for the industry along with expert talks by new visionaries.

Reliance Jewels launches in Indore

Reliance Jewels, one of India’s most trusted jewellery brands, has launched its first showroom in Indore at Satyaraj, Opposite C21 Mall, AB Road. Spread over3873 sq. feet, the grand showroom will feature an elaborate collection of Gold, Diamond & Solitaire jewellery. Today Reliance Jewels has a consolidated presence in75 cities with over 185 stores including Exclusive & Shop in Shop [SIS] formats.

With a robust expansion plan, Reliance Jewels aims to provide its customers with not just exquisite jewellery collection, but also end-to-end services related to jewellery. The new showroom is well equipped with all the modern technologies that will assist patrons in a holistic manner, thereby creating a complete jewellery shopping experience. The showroom will display a wide range of exclusive traditional & contemporary gold and diamond jewellery.

Forevermark opens exclusive boutique

Forevermark, the diamond brand from the De Beers Group, opens its exclusive boutique in Hyderabad for the first time ever. Housed at Forum Sujana Mall in Hyderabad, The Forevermark Boutique is the first such store in the city, which will exclusively carry Forevermark diamonds in a wide variety of elegant jewellery and loose diamonds.

Forevermark diamonds are the world’s most carefully selected diamonds, while Kirtilals are the leader in the jewellery industry, known for their intricate perfection through their legacy of trust, quality and integrity. The synergy of these two brands has brought about an ideal collaboration over the past few years to offer hallmark diamond jewellery with the assurance of having the most beautiful, rare and responsibly sourced diamonds.

Rio Tinto unveiled rarest diamonds

Rio Tinto has unveiled its annual showcase of the world’s rarest pink and red diamonds in an exclusive preview at the Argyle mine site in the east Kimberley region of Western Australia. The 64-diamond collection, including three Fancy Red diamonds and weighing 56.28 carats in total, make up the 2019 Argyle Pink Diamonds Tender.

Rio Tinto Copper & Diamonds chief executive Arnaud Soirat said “I am delighted to be at the Argyle mine for this exclusive world preview. These diamonds, each a natural treasure, are a testament to the enormous range and depth of offering from the Argyle ore body, nearly four decades from when production commenced.

Banks reform for timely detection!

Occurrence of frauds was enabled by laxity in the financial system, and the underlying causes have been systematically dealt with by the Government through comprehensive steps for reduction in occurrence of frauds, and their proactive checking and timely detection.

The steps taken in this regard include, inter-alia, the following:

1. Government has issued “Framework for timely detection, reporting, investigation etc. relating to large value bank frauds” to Public Sector Banks (PSBs), for systemic and comprehensive checking of legacy stock of their non-performing assets (NPAs), which provides, inter-alia, that-2. all accounts exceeding Rs. 50 crore, if classified as NPAs, be examined by banks from the angle of possible fraud, and a report placed before the bank’s Committee for Review of NPAs on the findings of this investigation;

ADPA ministers meeting in Windhoek

An Angolan delegation led by the Secretary of State for Geology and Mines, Jânio Corrêa Víctor, will participate in the 6th meeting of the Council of Ministers of the African Diamond Producers Association (ADPA) in Windhoek, Namibia.

The delegation, which includes officials from the Ministry of Mineral Resources and Petroleum and the National Kimberley Process Commission, will discuss with the other members of ADPA the "Report on the activities of the organization's Executive Secretariat for the past two years, schedule of activities for 2019-2020, and Financial report of the association on the financial year 2017 ".

Stornoway production reaches over 463K carats

Stornoway sold in two tender sales for gross proceeds1 of $47 million2 at an average price of US$76 per carat.

Stornoway Diamond Corporation announces production and sales results at the Renard Diamond Mine for the quarter ended June 30, 2019.

According to the announcements, 460,832 total carats sold in two tender sales for gross proceeds1 of $47 million2 at an average price of US$76 per carat ($102 per carat2). In terms of total carats sold, pricing and gross proceeds, this represents variations of +7%, -9% and -1% over the first quarter, respectively. Second quarter diamond sales represent diamonds recovered during the first quarter.

Alrosa earns $3 mn in polished sales

Alrosa, a global leader in diamond mining, summed up the results of the tender for polished diamonds, which was held in New York this June. The company's cutting division - Diamonds of Alrosa organized the tender.

The company sold 20 polished diamonds with total weight of 140.4 carats. That amount included 8 gemstones of standard color and 12 fancy colored polished diamonds, most of them had Fancy Yellow and Fancy Intense Yellow characteristics.

The overall revenue amounted to $3 mln. There were 29 participants from several countries at the tender, and 11 firms were recognized as winners in different tender positions.

GoGold reports Parral project report at June end!

GoGold Resources Inc announces record production of 250,073 ounces of silver and 2,281 ounces of gold for 451,011 silver equivalent ounces at the Parral project during the quarter ended June 30, 2019, an increase of 6% from the previous quarter which at the time was record production.

The Company continues to focus on quality agglomeration to ensure strong recoveries are achieved.  The Company placed 519,643 tons on the heap leach pad which is an increase of 9% over the previous quarter.  Mr Brad Langille, President and CEO, stated, “This is our second quarter in a row where we have set the production record at Parral.  We’re also pleased with the progress on the SART, with the engineering nearing completion and key components procured, with construction still on schedule to be completed prior to the end of 2019.”

Asanko Q2 gold production over 62K oz

Asanko Gold Inc announces production results for the second quarter (Q2) 2019 from the Asanko Gold Mine (AGM), located in Ghana, West Africa. The AGM is a 50:50 JV with Gold Fields Ltd which is managed and operated by Asanko. All dollar figures are US$ unless otherwise stated.

According to the highlights, AGM Q2 registers a record proceeds of $85.6 million generated from record gold sales of 66,337 ounces at an average realized price of $1,290 per ounce. Record gold production of 62,067 ounces, on track to meet 2019 production guidance!