Fura Gems to acquire a 100% in ruby prospecting in Montepuez

Fura Gems, a new gemstone mining and marketing company with emerald and ruby assets in Colombia and Mozambique, respectively, has entered into a share purchase agreement pursuant to which the Company will acquire a 100% interest in ruby prospecting licence No. 5572L in the Montepuez District of Cabo Delgado province in Mozambique.

Dev Shetty, Fura’s President and CEO commented: “We are pleased to further consolidate our position in the main ruby belt of the Montepuez district of Mozambique. The merger of assets with Mustang and Regius announced last week, combined with the acquisition of this licence, now gives Fura further access to both the secondary alluvial and the primary deposit of rubies in the region.

AGS Honors key jewelry industry leaders!

Lussier, Chandler, and Bouffard honoured

The American Gem Society (AGS) held its annual Circle of Distinction Dinner to honor the outstanding accomplishments of key jewelry industry leaders. The distinguished event, held at New York City, celebrated the careers of three, highly-regarded industry professionals.

Stephen Lussier, Chief Executive Officer, Forevermark, received the prestigious Lifetime Achievement Award. Terry Chandler, President/CEO, DCA, and David A. Bouffard, Vice President, Corporate Affairs, Signet Jewelers Ltd., were both awarded the distinctive AGS Triple Zero Award.

Swarovski presents five Zirconia innovations for 2018/19

The spotlight is on new Genuine Topaz and Zirconia colors and cuts

Swarovski has a distinguished heritage dating back more than 120 years, during which it has nurtured creative relationships across multiple design sectors as it evolved into a multifaceted company with an impressive international presence. More than 50 years ago, the company turned its expertise to the crafting of precision-cut genuine gemstones and created stones.

Whether a precious sapphire, genuine topaz or zirconia, each jewel stands as an individual work of art and meets the strictest industry criteria for cut, color, and brilliance. As a certified member of the Responsible Jewelry Council, Swarovski Gemstones is the supplier of choice for many designers and manufacturers of fine and bridge jewelry, watches, eyewear and other related industries.

Gem Visions Design Contest 2018 announced!

Design contest showcases

Swarovski innovations and Indian creativity

Swarovski organized innovative online Gem Visions Design Contest 2018 exclusively for their Indian branding partners. Innovation and creativity are central to the Swarovski tradition, and both were called upon to measure success in a recent jewelry design contest for Swarovski Gemstones’ Indian Ingredient Branding partners.

Swarovski Gemstones branding partners across India have submitted their designs for the contest using 2018 Swarovski Zirconia or Gemstones novelties – the trend colors Fancy Morganite and Spring Green in the zirconia assortment, and Peach in genuine topaz.

India’s exports record highest growth

Despite increasing global protectionism, India’s export will continue to register healthy growth rates and is expected to touch USD 350 billion in the current fiscal said Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, in New Delhi.The Minister was speaking at the 2nd Services Excellence Awards and Summit – 2018 organised by ASSOCHAM.

The Minister stated that services sector is set to become a dominant driver of the Indian economy and will contribute $ 3 trillion of $ 5 trillion by 2025. In order to give a boost to the services sector Commerce Ministry has identified 12 champion services sectors for which Cabinet has approved a dedicated fund of ₹ 5000 crore to support initiatives for sectoral action.

Measures to restrict the Gold import

The Government has introduced the following measures to restrict the import of gold in the country:

1. Imposition of restriction on duty free gold imports from the South Korea as allowed under the existing India-Korea CEPA.
2. Imposition of self-use condition on Premiere Trading House and Star Trading House authorised to import precious metal (gold) directly from overseas bullion supplier (DGFT Notification No. 34/2015-20 dated 18.10.2017).
3. Issuances of Trade Notice by DGFT for grant of licence for import of Gold to the refinery who holds a valid license from BIS (DGFT Trade Notices No.4 dated 21.04.2017 and No. 14 dated 24.08.2017).
4. Restriction imposed on export of gold jewellery and articles, including medallions and coins (excluding legal tenders) of purity above 22 carats. (DGFT Notification No. 21/2015-20 dated 14.08.2017).

DRC & WGC focuses China market!

Pronounces recommendations

for the Chinese gold industry

On July 25th, the 3rd China International Gold Conference, co-sponsored by the China Gold Association and the World Gold Council, was held in Beijing.  At the event, the Development Research Center of the State Council and the World Gold Council jointly issued the "Recommendations for the further development of China's gold market report".

The report provides a comprehensive analysis of the challenges facing China’s gold investment and trading market coupled with recommendations on how to overcome them. Together, these recommendations should make China’s gold market stronger.

Corporate gifting is back in business

Corporate gifting is back in business with a bang. This domain is witnessing accelerated growth at almost 150 percent each year. A gift serves two important purposes in society, personal and professional. One, it creates a bond of affection between two or more people. “It establishes a deep sense of positivity among people. It spells ‘I care about you’ to clientele, employees and vendors, “says Priyesh Shah, the founder of gifting portal Coin Bazaar.

Two, it’s an indication of prosperity of the giver. The more expensive the gift, the better a brand image the giver establishes for himself in the eyes of the receiver. Thus, the more important the receiver, the higher the value of the gift. One kind of high-value gifts are gold and silver coins.

Lavender collection launched!

Melorra, India’s first fashion trends inspired precious jewellery brand has launched its Lavender collection with 40 affordable pieces to choose from. Soft lavender is spotted as the color of the season on the runway. The popularity of lavender sits within a larger trend towards pastels in the spring summer categories and offers a fresh alternative to millennial pink.

Kangana rocks with Vintage Collection

In its 11th edition, India Couture Week 2018 witnessed a mesmerizing show with the charming antique appeal. Ace designer Anju Modi showcased ‘A Maiden’s Prayer’, a historic like couture collection inspired by the vintage era that holds eminence pride with an attitude. Flattering the couture ensembles, R K Jewellers South Extension-II embarked its journey at the India Couture Week by dazzling the stage with full opulence.

Bollywood Diva Kangana Ranaut did full justice to the exclusive Anju Modi attire and dazzled in exclusive jewels created by RK Jewellers South Extension-II in perfect symphony with ‘A Maiden’s Prayer’.