GIA India to present latest at IIJS 2018

Ready to present product and service developments

GIA India will present laboratory and education offerings, live demonstrations of the GIA iD100 gem testing device, complimentary seminars and more at the India International Jewellery Show (IIJS) from 9-13 August, 2018 at Bombay Exhibition Centre, Mumbai. To learn more about GIA India’s offerings, visitors can step in to Booth #1D066 and Booth #2B003.

Live demonstrations of GIA iD100, which distinguishes natural diamonds from synthetic (HPHT and CVD) diamonds and diamond simulants in the colourless to near-colourless range, in sizes starting from 0.9 millimeters in diameter will be featured at Booth # 1D066.

Net loss of Endeavour Silver increased to 5.7 mn

Endeavour Silver said in the financial results for the Second Quarter (2Q) ended that the Company operates three silver-gold mines in Mexico, the Guanaceví mine in Durango state, and the Bolañitos and El Cubo mines in Guanajuato state. Endeavour is currently commissioning its fourth mine, El Compas, in Zacatecas state and advancing the Terronera mine project in Jalisco state to a development decision.

Suresh Prabhu announced Chief Guest at IIJS 2018

35^th  Edition of the India International Jewellery Show (IIJS), IIJS 2018 is scheduled & ready to as the largest jewellery expo of during the August 9 & up to August 13, 2018 at, Bombay Exhibition Centre, Mumbai.

India’s top-of-the-line jewellery show by over 800+ exhibitors would be inaugurated & announce opened by Chief Guest, Shri Suresh Prabhu, Hon’ble Union Minister of Commerce & Industry & Civil Aviation in the presence of  Guest of Honour, Shri C R Chaudhary, Hon’ble Minister of State for Commerce & Industry, Consumer Affairs, Food & Public Distribution, Special Guest, Shri Anup Wadhwan, Commerce Secretary, GJEPC CoA with Mr Pramod Kumar Agarwal, Chairman-GJEPC, the Exhibition Sub-Committee (National) of the GJEPC.

Sodiam 2Q explores 169, 270 cts artisanal diamond

The national diamond trading company Sodiam raised gross revenues during the second quarter of this year, to USD 316,527 million, up 21 percent from the first quarter, according to its administrator, Fernando Amaral.

Of this amount, USD 295,39 million (93%) come from industrial activity, while USD 21,487 (6 percent) come from artisanal exploitation.

Speaking at the ocassion, on the sidelines of the second Outlook meeting on diamond trading in the second quarter of 2018 and the market outlook for the third quarter, the manager explained that the diamonds traded in the period were essentially from the provinces of Lunda Sul (85 percent) and Lunda Norte (15 percent).

Angolan diamond policy encourage investment

Lucapa Diamond Company announces that a new Angolan Government policy regarding the marketing of Angolan diamond production has been formally enacted. The new laws are central to the new Angolan Government’s drive to double the country’s diamond production by implementing more favourable investment and marketing policies designed to increase foreign investment in the diamond sector and grow its contribution to the Government fiscus.

In line with that goal, Angolan President, His Excellency Joao Lourenco, last month issued a decree to launch new marketing policies for Angolan diamond production. Lucapa and its Lulo partners were advised yesterday that the decree had been formally gazetted, thus bringing Angola’s new diamond marketing policies into law.

Lucapa Managing Director Stephen Wetherall said the new diamond marketing legislation represented a significant and positive step for the Angolan diamond sector.

Platinum ‘Season of love’ concluded

The 3rd edition witnessed great success

The 3rd edition of Platinum ‘Season of Love’ witnessed great success with the leading platinum retailers participating in the exclusive in-store festival. The ‘Season of love’ 2018 edition which took place from 16th May to 17th June 2018 registered a retail sales growth of 70% and offered a glorious experience to the customers, as they won exciting rewards on platinum purchases.

This year saw a tremendous increase in the number of footfalls as well as retailers taking part in this in-store festival. The number of retailer participation saw a whopping growth of 75% compared to last year. The retail partners promoted the campaign with enthusiasm through digital media, direct mailers, outdoor as well as organising exclusive previews for their consumers which led to the remarkable growth and success of the campaign.

Pride in owning and wearing Oropel

Oropel- a creation of Neeti Patwa’s designs set to the finest diamonds and gemstones is one of India’s most promising custom jewellery brands. Custom Jewellery entails incorporating personalization of design to suit the likes and dislikes of the customer.

Neeti, who started her career in 2015 comes with 3 years of experience in the industry and is an expert with an artistic eye. With Oropel, Neeti is focused on curating unique pieces with a lot of dedication and commitment. Each piece starts out as a tiny spark of her imagination, which then gets chiseled and crafted to perfection by our master craftsmen.

Jewellery shine at HK June Fair

HK June Fair attracted 28,131 unique visitors

Diamonds, premium-quality gemstones and contemporary jewellery collections were among the top draws of the 31st edition of the June Hong Kong Jewellery & Gem Fair, which saw close to a 10 percent increase in buyer attendance this year.

The June Fair attracted 28,131 unique visitors (excluding revisits) representing 104 countries and regions during its four-day run, marking a 9.7 percent rise over the 2017 edition. A total of 50,786 visits were recorded during the fair, 12.2 percent higher than the previous edition.

The four-day show, which kicked off on June 21 at the Hong Kong Convention & Exhibition Centre, featured 1,998 exhibitors from 38 countries and regions.

“The June Fair’s 31st edition was one of our best shows yet, smashing previous records in terms of visitor numbers. The show delivered exciting and innovative products and services, which helped fuel gains in overall buyer attendance,” said Wolfram Diener, Senior Vice President of UBM Asia.

Diener continued, “International in scope and featuring a rich and diverse exhibitor base of jewellery and gemstone suppliers, the June Fair proves once again that it is an effective and important platform for the world’s jewellery professionals.”                     

Diamonds, high-end coloured gemstones and creative jewellery collections gained the most attention from buyers during the show’s 31st edition, indicating sustained demand for premium items and innovative collections that give consumers some elbow room for personalisation.

“Our exhibitors really stepped up to the plate this year, impressing buyers with the range, diversity and quality of their products. I am confident that many left the show inspired and excited about the collections that they will be unveiling well ahead of the peak selling season,” noted Celine Lau, Director of Jewellery Fairs at UBM Asia.

To many, the June Fair also served as an opening salvo to the world’s No. 1 fine jewellery event – the September Hong Kong Jewellery & Gem Fair – scheduled for September 12 to 18. Last year, the fair featured 3,695 exhibitors from 57 countries and regions, and welcome 59,122 buyers from 147 countries and regions.

Key: June HK, jewellery show, jewelry trade expo

144.12 carat diamond discovered in Sierra Leone

The Ministry of Mines and Mineral Resources (MMMR) and the National Minerals Agency (NMA) said the that a 144.12 carat diamond was brought to the Precious Minerals Trading Department of the NMA for valuation and certification on the 28th June 2018, by a diamond exporter, with a valid exporter’s licence numbered DEL 08/18.

Consistent with International best practice for diamond valuation under the Kimberley Process Certification Scheme, the NMA conducted a tripartite valuation process, resulting in the following:

•              The NMA Valuers ….………………………… US$ 648,540

•              The Independent Valuers …..……………..………… US$ 659,925.48

•              The Owner (Exporter) of the diamond ………..…….…….……… US$ 601,701

Based on the above, the highest value of the three was US $ 659,925.48, and this was the value that was used to calculate royalty and other taxes due to Government.

World's first diamond-backed cryptocurrency developed!

Celsius has developed a global financial platform that allows its members to borrow capital and earn interest against their crypto-holdings. Carats.io's inherently non-volatile CARAT coins will be a featured stable coin within the Celsius digital wallet.

Carats.io, the fintech startup company that is issuing the world's first-ever digital currency backed by diamonds, has signed a Memorandum of Understanding (MOU) with Celsius, a blockchain-powered global financial platform that allows its members to borrow capital and earn interest against their crypto-holdings. According to the agreement, Carats.io's CARAT coins will be a featured stable coin within the Celsius digital wallet.