BDW opens from success mark!

Andrei Zhiltsov the chief guest with

Evgeny Agureev Guest of Honour inaugurates!

Alrosa committed to supply only mined diamonds!

Second Edition of Bharat Diamond Week (BDW) inaugurated by the Chief Guest, Hon’ble Andrei Zhiltsov, Consul General of the Russian Federation in Mumbai with the Guest of Honour, Hon’ble Evgeny Agureev, Director, United Selling Organisation, PJSC-Alrosa, Anoop V Mehta, President-BDB, Mehul Shah, Vice-President, BDB, members of the BDB managing board and amid invitees & diamond fraternity!

In his welcome speech Anoop V Mehta said, Alrosa is the biggest mining player & BDB is the biggest center of diamond manufacturing! In the row he said ahead that, “Alrosa to increase their rough viewing in India.” He also announced the edition next of BDW 2019 schedule & that to be held during the April 1 to 3 and October 14 to 16.

38th WDC to be the crucial one!

World Federation of Diamond Bourses (WFDB) President Ernie Blom says the gathering of the presidents of the organization's 30 bourses at the 38th World Diamond Congress (WDC) in Mumbai, which kicks off in two weeks time, will be one of the most important ever held. "We have definitely seen many developments this year, and in light of the issues facing the global diamond trade we will be discussing a wide range of important issues," Blom commented.

"Rarely have we had to deal with so many challenges and so it is critical that all the bourse presidents attend to present their particular perspective and to hear input from their colleagues across the globe," Blom said. WDC serve as the biennial meeting of the WFDB and the International Diamond Manufacturers Association (IDMA).

GJEPC concludes India Silver Jewellery BSM

The Gem & Jewellery Export Promotion Council (GJEPC), the apex industry body of the industry organized its 1st India Silver Jewellery Buyer Seller Meet (BSM) during 3rd – 5th October 2018 in New Delhi. Mr. Senthilnathan S. Deputy Secretary, Dept. of Commerce, Govt. of India inaugurated the proceedings of BSM.

In the first edition itself, the BSM has witnessed very encouraging response with 27 Leading Indian Silver Jewellery manufacturers displaying a wide range of exquisite Silver Jewellery Products to 49 International buyers from 16 countries consisting of Silver Jewellery Wholesalers, Retailers, Traders & Chain stores from nations such as Algeria, Australia, Egypt, Ireland, Jordan, UAE, UK, Uzbekistan, Kazakhstan, Kenya, Lebanon, Oman, Russia, Singapore, Sri Lanka, Tanzania.

AWDC seminar on October 16 on Brexit impact

On 29 March 2019, the United Kingdom will possibly exit the EU. This means it might step out of the EU's internal market and customs union. As a result, the United Kingdom will have to forge different commercial agreements than those that currently apply within the EU.

This might have an impact on customs controls, regulations for imports and exports of products, quality requirements, and many other issues. The Belgian Federal Public Service Economy (FPS Economy) has prepared a “Brexit scan”, to measure the impact of the Brexit on your company.

Carats.io inks agreement with Tradomatics

Carats.io, the fintech startup company that is issuing the world's first-ever digital token backed by diamonds, has announced that it has signed an agreement with Tradomatics, a provider of fully autonomous trading technology, according to which Tradomatics will supply liquidity solutions on digital exchanges where CARAT tokens are traded.

According to the agreement, Tradomatics will facilitate the buying and selling of CARAT token, while maintaining its stability and value. Holders of other, more volatile crypto currencies will able to transfer their digital assets into CARAT tokens, whose is value is linked to the Diamond Financial Index (DFX), reflecting real-time prices in the diamond market. The DFX is historically stable, with an average annual volatility rate not exceeding 5% per annum.

RJC promotes prompt supply chain

A Memorandum of Understanding (MoU) has been signed by the Swiss Better Gold Association (SBGA), the Better Gold Initiative for ASM (BGI), Max Havelaar-Foundation (Switzerland) (MHCH) for Fairtrade, and the Responsible Jewellery Council (RJC).

By acting together, the parties are embracing the opportunity to significantly increase the volume of ASM gold to the market, and thus advance the economic and social wellbeing of ASM and mining communities in Peru, Bolivia and Colombia.

India’s biggest skill competition concludes

IndiaSkills 2018, the Country’s biggest skill competition, concluded here today, with the winners being awarded by dignitaries. Minister of State for Skill Development and Entrepreneurship Shri Anantkumar Hegde and Shri Subhash Ghai, Chairman of Media and Entertainment Skills Council and India Film Director gave away the awards in 46 trades to participants from across the country.

IndiaSkills 2018 was the second edition of the nationwide competition organized by the Ministry of Skill Development and Entrepreneurship, Government of India to identify, recognize, promote and reward the best talents in various skills. 23 states actively participated in organizing the competitions at the state and regional levels in which over 50 thousand participants took part.

The macro impact of the US-China trade war

According to Bill Diviney, Senior Economist & Arjen van Dijkhuizen, Sr. Economist-ABNAmro

Global Trade says, Tariffs to push up inflation, but growth impact less certain – Emboldened by the strong momentum in the US economy and probably keen to score points among his base ahead of the midterm elections, President Trump is pressing ahead with his threat of further tariffs on Chinese imports.

In addition to the 25% tariff on USD50bn of imports, the US is now imposed a 10% tariff on a further USD200bn from 24 September, with this rate going up to 25% on 1 January. The staggered implementation will a) Soften the economic blow to businesses and consumers, and

b) Leave room to negotiate (and potentially avoid implementation) ahead of the expected Trump-Xi summit at the end of November.

Diamond-rich zone discovered in Brazil

Brazil Minerals, (BMIX) announced its extensive drilling campaign in one of its several mineral rights in the Jequitinhonha River Valley in northern Minas Gerais state in Brazil yielded alluvial material with a high likelihood for diamonds in over 57% of the drill holes executed, according to members of the Company’s technical team with expertise in alluvial diamond exploration.

Marc Fogassa, CEO of the Brazil Minerals, stated, “Our identification of an initial diamond-rich zone within a gold mineralization area is a very good outcome. It is relevant to note that this particular mineral right has 1,310 acres and this drilling campaign covered only a small portion of such area.”

Gemfields Every Piece Unique campaign on

Gemfields, the world’s leading supplier of responsibly sourced coloured gemstones, has launched a global advertising campaign to raise awareness of responsible sourcing in the coloured gemstone industry and promote Zambian emeralds Zambian emeralds from its Kagem mine in Lufwanyama.

Gemfields believes that coloured gemstones should be mined and marketed by championing three key values – transparency, integrity and legitimacy – and seeks to challenge itself and the sector by setting new benchmarks for responsible sourcing. The campaign was designed to bring these core values and Gemfields’ associated initiatives to life, highlighting the breadth of activities involved in responsibly supplying coloured gemstones to global markets.